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Tuesday, January 25, 2022

Customers urged to examine their medical health insurance cowl

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The Well being Insurance coverage Authority has urged customers to examine that their coverage offers the duvet they want in addition to worth for cash.

It comes forward of a busy interval of renewals within the medical health insurance market, with round half of all insured customers, or one million individuals, set to resume insurance policies between now and March.

Whereas about 250,000 coverage holders at present have plans that might be retired after they subsequent renew, requiring them to seek out new cowl.

“Throughout 2021, 25 plans have been retired from the market and there are nonetheless nearly 250,000 individuals on these plans,” stated Laura Brien, CEO of the HIA.

“In terms of their subsequent renewal date, they must select a brand new plan.”

The HIA stated on common costs rose by 4% this yr and for that reason customers ought to concentrate on what it’s they’re signing as much as for one more yr.

The authority has stated customers can use its web site as an impartial and trusted supply of knowledge when attempting to navigate the renewal course of.

“It will be important that customers make knowledgeable decisions and we wish them to know that the HIA is right here to supply help and recommendation,” stated Ms Brien.

“Medical health insurance can appear daunting relating to reviewing your coverage, however it’s actually vital that we let customers know that there’s a devoted and neutral supply of skilled recommendation right here to assist them via that course of.”

The feedback got here because the HIA launched a marketing campaign to tell customers about how and the place to get one of the best info on renewing their insurance policies.

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