- Posted by irishhealthinsurance
- On April 30, 2015
THOSE over 34 risk being priced out of the market for good unless they buy private health insurance this week.
Up to now, everybody paid the same premium for the same policy — irrespective of age. Under new rules on lifetime community rating (LCR), those over 34 who delay until after April 30 to buy health insurance for the first time will pay an age loading. It will add 2% to the cost of cover for every year a person is over over 34.