Today saw the release of a report by Colm McCarthy, commissioned by Aviva Health, on the future of the health insurance market in Ireland. The report made some interesting findings including what the likely effect of public bed redesignation would have on premiums. While the report was only puplished today, some of the more interesting findings are as follows: read more…
Viability of the Community Rated System of Health Insurance is under threat unless the exodus of younger people from the market can be halted. Aviva Press Release Here.
The community rated system of health insurance will be destabilised if current trends in the age composition of enrolment are not reversed, according to a report by the economist, Colm McCarthy commissioned by Aviva Health Insurance Ireland Limited.
Government set to move on public hospital bed re designation by July 1st. Cost of Health Insurance to rise again!
It now appears clear that the State is intent on increasing the cost charged to insurers for private patients in Public Hospitals under new legislation due to take effect from the 1st of July 2013. read more…
Aviva will release Health Plan 09 (€2,413.30 per adult, €924.40 for child 1-3, €96 for child 4 and €904.40 for student 1-3 and €280 for student 4) on 22 April 2013. read more…
Vhi and Department of Health relationship strained over Risk Equalisation Scheme and deadline for Central Back Authorisation
It’s no secret that the Vhi and the Department of Health have been at odds over the effectiveness of the new measures brought in under the Health Insurance Amendment Act 2012 to create an effective risk equalization fund. read more…
Purpose of Risk Equalisation
- Risk Equalisation (RE) is a process that aims to equitably neutralise differences in insurers’ costs that arise due to variations in the age profile of the insurers
- Involves transfer payments between health insurers to spread some of the claims cost of the high-risk older and less healthy members amongst all the private health insurers in the market in proportion to their market share
- In the absence of an effective risk equalisation system, there is a threat to the existence of a community rated market when significant differences in risk profiles exist between competing insurers. read more…
Premiums will increase by 7-15% on most plans. Essential Plus with Excess and Essential Plus No Excess will decrease by 17% on adult premiums.
- The Mater Private Cork will be added to all Laya healthcare plans except StudentCare
- Dean Clinics out-patient Mental Health Consultations will be added to all plans except StudentCare
The following rules changes will be applied:
- Laya Healthcare will not cover long term care related to rehabilitation or convalescence.
- Laya healthcare will not cover claims relating to giving birth after 34 weeks (was 28 weeks) when on temporary stays abroad.
These prices and benefit changes will apply to all new and renewing customers from this date
GloHealth will remove the €200 excess per night on private room accommodation in the the Blackrock Clinic, the Mater Private and the Beacon Clinic on their Ultimate Plan on the 31st March.
Aviva Health Insurance announced today that it is increasing its premiums by an average of 4% (0% to 6.4%1) on a range of plans effective from 31st March 2013. There is to be no premium increase on many of its plans.
Friday, February 22nd, 2013. Laya healthcare today announced plans to increase premiums across a number of its schemes with effect from April 1st. The increase average is 10.8% and this is necessary due to a number of cost factors in the market, many of which are being driven by current Government policy.
Vhi Healthcare will offer half price child premiums (€125 per child 1-3) on Nurses Plan Select and Teachers Plan Select from 22 August to 22 September 2012 inclusive. read more…
Laya Healthcare Aspire Plan
Laya Healthcare Launches New ‘Aspire’ Scheme
Health insurance with Dublin in mind
During a press conference and launch today at the Royal College of Physicians on Dawson Street in Dublin today GloHealth announced its products to the waiting media. The company has released 5 plans in total and will compare with the other insurers in the following manner:
The article below appeared in yesterday morning’s Metro Herald News which is widely circulated along the Dublin commuter routes (Luas, Dart & Buses). read more…
With effect from 17th June 2012 Aviva are introducing a range of benefit & rule changes. read more…