HIA: Health Insurance Costs Dropped, Marginally, In 2020.

Tuesday, 31 August 2021 11:32

Those benefits for consumers have been lost this year.

Health insurance costs dropped, marginally, during the Covid 19 pandemic in 2020.

The Health Insurance Authority shows that the average premium price in January 2020 was €1,415. By January of this year, that had increased to €1,440.

The HIA notes "What consumers pay for health insurance tends to vary by age. This is largely due to the changing needs and
attitudes of individuals as they age with older consumers typically selecting products with a higher level of benefits and thus products which are more expensive. "

Those over age 65 paid on average 44% more for their health insurance based on all levels of products, than those under 65. This difference
reduces to 34% if we focus the analysis on level 2 products, which 75% of consumers have. "

In a community rated market, adults over the age of 25 will pay the same price for the same product. This difference in price is therefore as a result of benefit differences and product selection. "

Dermot Goode is of Totalhealthcover.ie.

He joined Clem Ryan on Tuesday's edition of Kildare Today.

More from Local News

BREAKING: DJ Carey Jailed For Five-And-A-Half Years

After passing sentence, the judge said he could not imagine a more reprehensible fraud
Kildare Superintendent Among Officers Promoted As Part Of Senior Garda Operational Reassignments

Among the changes, Superintendent Georgina Gray - who had been serving in Kildare North - has been transferred to the Garda National Protective Services Bureau, where she will take on detective duties.
BREAKING: Man Arrested On Suspicion Of Murder Following Death Of Ryan Weir Gibbons In Kildare Town

Gardaí confirmed the arrest was made this morning, Monday 3rd November, as part of the ongoing investigation.
EirGrid Urges Kildare Communities To Learn About €4.6m Fund At Upcoming Local Workshops

The funding will be released in three phases - when construction begins, mid-way through the project, and once it’s completed.
"Hope At Last" - Horsepasstown Residents May Soon See End To Six-Year Boil Water Struggle

Annette Ward, whose 87-year-old mother Kay Ward is among those affected, told Kfm that work to replace the water pipeline is due to begin in January - and it’s hoped residents could have safe, drinkable tap water by July.
Kildare Among Worst-Hit Counties As Teacher Shortages Hit Special And Disadvantaged Schools

The findings also reveal that a substitution crisis continues to affect a large number of primary schools.
Pearse Doherty Claims Government Misled Homeowners On LPT Hikes As Deadline Nears

Audio

Revenue says it’s still waiting on returns from nearly three-quarters of homeowners.
Man Charged Following Garda Response To Suspected Gun Incident Near Kilcock

The man, in his 20s, is due in Blanchardstown District Court on Monday morning