Tuesday July 7, 2020

Private health insurance schemes benefit from boom in membership enrolments

Age-related loading swelled the numbers joining schemes in the last year

14th February, 2016
Don Gallagher, chief executive of the HIA

A focus on lifetime community rating (LCR) saw the introduction of an age-related loading on private health insurance in May 2015, the up-shot of which was a significant increase in the numbers taking out private health insurance.

The Health Insurance Authority (HIA) estimates that approximately 74,000 people took out private health insurance (PHI) during April 2015 alone in a bid to beat the deadline. This was in addition to an increase numbering approximately 6,000 new members...

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