Personal Finance

Dermot Goode: The cost of private health insurance is set to rise in 2024 - here’s how to mitigate it

It is possible to save money while not compromising on cover, despite the price hikes which will come next year

Often, it doesn’t make sense to have everyone on the policy on the same level of cover. Picture: Getty

Private health insurance members are in for a price shock in the new year, as premiums are set to increase significantly. This is because all health insurers have increased their rates at least twice over the last year. Furthermore, Irish Life Health has just announced another price increase, effective from January 1, 2024.

The cumulative impact of the price hikes of the last year will push up the cost of some of the most popular ...