Health Insurance Authority in Podcasts
companyThe organization responsible for overseeing the health insurance sector in Ireland.
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Brian Lee, CEO of the Health Insurance Authority.
However, our comparison tool does assist with that because it does break down the levels of cover and health needs that you might have to support that particular type of decision.
So the health insurance market works by having younger people in the market and older people to keep prices and premiums at a more level basis.
So it does benefit people to purchase a health insurance plan before they're 35.
So say, for example, if you bought a health insurance plan for the first time when you're 50, you'd have to pay a 30% extra on top of your premium.
It means if you purchase a health insurance plan when you're 35 or older, you have to pay an extra 2% for every year that you haven't been covered for that.
Well, community rating means that you pay the same amount regardless of your age or health status.
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