‘Shop around’ as price of health cover rises again

Consumers are shooting themselves in the foot by not shopping around for health insurance, a financial expert has warned.

Dermot Wells, general manager of Cornmarket Financial Services, said Vhi’s 3% average price increase, up to a maximum of 6%, followed a 2% increase last November.

He pointed out GloHealth recently announced the premiums of their Base, Base Lite and Initiate plans will rise by 10% from April 15, while Laya had also signalled price increases in some of their plans by up to 11% from today.