By now you may have noticed a flurry of activity in the media relating to the introduction of Lifetime Community Rating on the 1st of May 2015.
The arrival of this new legislation will mean that the price of health insurance premiums will be increased for members who buy health insurance over the age of 34 (2% per year over 34)
For example, if you take out a private health insurance policy for the first time at age 40 you will pay 12% (2% x 6) more than someone who took out their cover before the lifetime community rating deadline. At age 45, it would be 22% up to a maximum of 70% at age 69.
With the deadline fast approaching we have included a link to a short video which explains how you can “beat the Lifetime Community Rating deadline” with Cornmarket’s FREE Health Insurance Comparison Service. Click here to view.
As Ireland’s largest Health Insurance Broker, Cornmarket are here to help members save on their health insurance. Their teams are standing by to compare over 360 plans & find the individual cover that’s right for you.
You can avail of the FREE Health Insurance Comparison Service by filling out the form here or calling (01) 4775101.
Cornmarket Group Financial Services Ltd. is regulated by the Central Bank of Ireland. A member of the Irish Life Group Ltd. Telephone calls may be recorded for quality control and training purposes.