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Health Insurance Authority in Podcasts

company

The organization responsible for overseeing the health insurance sector in Ireland.

Mentions Over Time

16 mentions

Mentions in Podcasts

Today with David McCullagh
Health insurance watchdog on why premiums go up but level of cover shrinks

Brian Lee, CEO of the Health Insurance Authority.

Today with David McCullagh
Health insurance watchdog on why premiums go up but level of cover shrinks

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.

Today with David McCullagh
Health insurance watchdog on why premiums go up but level of cover shrinks

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.

Today with David McCullagh
Health insurance watchdog on why premiums go up but level of cover shrinks

So it does benefit people to purchase a health insurance plan before they're 35.

Today with David McCullagh
Health insurance watchdog on why premiums go up but level of cover shrinks

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.

Today with David McCullagh
Health insurance watchdog on why premiums go up but level of cover shrinks

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.

Today with David McCullagh
Health insurance watchdog on why premiums go up but level of cover shrinks

Well, community rating means that you pay the same amount regardless of your age or health status.