Navigating Ireland's Health Insurance Maze: Tips to Save Money in 2025

Health insurance premiums in Ireland have been steadily increasing, For instance, VHI recently implemented an average increase of 3%, while Laya Healthcare and Irish Life Health raised their rates by 6.6% and 3.7%, respectively.¹

Providers are mostly blaming the spike in prices on the increase in claim costs and more advanced treatments.¹ As the demand and price for healthcare continues to rise, many policyholders are finding it harder to keep up with annual premium hikes.

The ongoing premium increases can be hard to keep up with, but there are ways you can take to help manage the costs and make more informed choices.

Here's How You Could Reduce Your Health Insurance Costs:

1. Review Your Policy Annually: Health insurance needs can change over time. Regularly assess your coverage to ensure it aligns with your current health requirements.

2. Compare Different Plans: Don't hesitate to shop around. Different providers offer various plans that might better suit your needs and budget.

3. Consult with Experts: Engage with health insurance advisors or use comparison tools to get a clearer picture of available options.

4. Consider Your Health Needs: Ensure that the plan you choose covers essential services you might need, avoiding unnecessary add-ons that increase premiums.

With the right information and approach, you can take control of your health insurance costs and potentially save money in the process.

Source

¹The Irish Times, 10 March 2025, ‘My mother (80s) is paying €2,200 on her health insurance. Could she get a cheaper plan?’

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