Expert warns of 'double-digit percentage' increases in health insurance costs

Health insurance customers should prepare themselves for a significant jump in premiums, an expert has warned.

Expert warns of 'double-digit percentage' increases in health insurance costs

Health insurance customers should prepare themselves for a significant jump in premiums, an expert has warned.

Dermot Goode from TotalHealthCover.ie said that companies are announcing a series of small increases through the year, rather than one big jump.

The hike is then seen when the policy holder renews on an annual basis.

Mr Goode said it is a return to practices seen in the past.

"The days of regular price increases in double-digit percentages, those days are now back," he said.

"And when the biggest renewal period, from late December through to the end of March, when nearly half the population will renew their cover, they need to brace themselves for increases of 10-12%."

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