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Overcompensation Reports 2021

The HIA today published its conclusions on overcompensation in the health insurance Risk Equalisation Fund for the 2018 to 2020 period.  The Health Insurance Acts require the Authority to carry out an overcompensation assessment every year. In carrying out the assessment, the Authority was assisted by analysis carried out by KPMG. Their report is referred to in this report and published alongside it.

 

The Reports can be accessed below:

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21st
Oct
Full Article

Risk Equalisation Report Press Release

 

HIA PROPOSE A ONCE OFF REDUCTION TO ANNUAL HEALTH INSURANCE LEVY

 

  • The annual levy underpins the Risk Equalisation Fund which supports community rating
  • Drop in claims due to Covid lead to a surplus in the Risk Equalisation Fund
  • HIA propose a once off reduction of 10% on advanced products and 22% on non-advanced products 
  • Once off reduction allows HIA to return this surplus money back to the consumer

 

20 October 2021...

20th
Oct
Full Article

Vhi Healthcare Price Increase and Benefit Changes 01.11.2021

Vhi Healthcare have announced a price increase on one plan 'PMI 32 12' as of 01.11.2021. 

 

PMI 32 12 will increase from €1460.45 to €1485.36 per adult and from €420.62 per child to €428.43. Young Adult rates will also increase on the plan. 

Please see the spreadsheet below for full details. 

 

File...

4th
Oct
Full Article

Laya Healthcare Price Changes 01.11.2021

Laya Healthcare have announced 2 price changes as of 01.11.2021: 

 

The free child offer will end on Essential Connect Health. The adult, child and young adult rates will remain unchanged. 

Connect Simplicity will increase from €1414.79 to €1463.23 per adult and from €321.86 to €331.52 per child. Young adult rates will also increase on the plan. 

 

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1st
Oct
Full Article

Vhi Price Change, New Plans, Retired Plans and Benefit Changes 01.10.21

Vhi Healthcare have announced the following changes from 01.10.21:

Company Plan Executive will decrease in price from €3811.36 to €3474.65 per adult and from €983.07 to €892.15 per child. Young adult rates will also decrease

New Plans:

Vhi have announced the launch of the following plans:

  • EnhancedCare Complete 75
  • AdvancedCare 50
  • EnhancedCare Complete 150
  • AdvancedCare 100
  • EnhancedCare Complete 75 Day-to-Day...
3rd
Sep
Full Article

Irish Life Health Price Updates & Benefit Changes 01.10.21

Irish Life Health have announced the following changes from 01.10.21:

 

Price changes will take place across a number of plans effective from 1st October. A full breakdown of these rates are outlined in the attached sheet

File...

2nd
Sep
Full Article

Vhi Healthcare price increase and benefit changes 01.09.2021

Vhi Healthcare have annouced the following changes from 01.09.2021: 

 

PMI 19 11 will increase in price from €1283.20 to €1327.80 per adult. Child rates will increase from €365.80 to €376.78. 

Young adult rates will also increase on this plan

 

PMI 38 14 will increase in price from €1716.80 to €1,755.03 per adult. Child rates will increase from €549.08 to €562.06

Young adult rates will also increase on this plan

 

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4th
Aug
Full Article

Laya Healthcare free child offer 01.09.2021

Laya Healthcare have announced there will be a free child offer on the plan 'Essential Connect Health' from 01.09.2021. 

The first child will be priced at €481.53. Any additional children (Up to 3 more) will be free. 

Adult and young adult prices will remain the same at €1890.33 

30th
Jul
Full Article

Vhi Healthcare price increase and benefit changes 22.08.2020

Vhi Healthcare have announced the following changes from 22.08.2021: 

 

'PMI 18 11' will increase in price from €1315.07 to €1345.37 per adult. Child rates will increase from €321.37 to €327.79. 

Young adult rates will also increase on this plan. 

File...

22nd
Jul
Full Article

Vhi Healthcare price and benefit changes 01.08.2021

Vhi Healthcare have announced the following price and benefit changes as of 01.08.2021:

 

Two plans 'PMI 07 10' and 'PMI 10 12' will decrease in price as of August 1st. 

  • PMI 07 10 will decrease from €1323.02 to €1246.87 per adult and from €328.98 to €296.08. Young Adult rates will also decrease on the plan . 
  • PMI 10 11 will decrease from €1294.86 to €1279.91 per adult and from €358.15 to €354.57. Young Adult rates will also decrease on the plan . 
  • ...
1st
Jul
Full Article

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