Laya Healthcare to hike prices by average of 6.5% from October — its second this year

Laya Healthcare said the proposed changes will be communicated directly to its customers ahead of their renewal dates. Picture: Larry Cummins

Laya Healthcare has announced a 6.5% average price hike in health insurance from October 1 — its second price increase this year for its 700,000 members.

The company said the latest hike was required to address “a sustained acceleration in demand for healthcare services and rising costs” despite a 7% price hike in April, and two increases last year — in October and April.