VHI has confirmed another rise in health insurance premiums, marking the third increase in twelve months. From March 1, prices will increase by an average of 3% across plans.
According to health insurance expert Dermot Goode, the latest hike could add €35 to €160 per year to adult policies, while family mid-level and higher plans could rise by €80 to €270 annually. VHI previously raised prices by 3% in March and October last year, meaning some customers will now face two increases within a short renewal cycle.
In a statement, VHI said the increase was necessary to continue meeting members’ healthcare needs. The insurer pointed to a 13% rise in private hospital costs last year and an 8% increase in private hospital claims compared with 2024. It also cited medical inflation, an ageing population, and the introduction of new drugs and technologies as ongoing cost pressures.
VHI Managing Director Aaron Keogh said rising demand and higher delivery costs left the company with no option but to adjust pricing.
The Health Insurance Authority described the increase as “unwelcome”, especially amid rising living costs. HIA chief executive Brian Lee urged consumers to review their policies annually, consider switching plans, increase hospital excess where appropriate, and drop benefits they do not use.
Goode said the increase was expected, noting that VHI typically reviews rates in March and October. He warned consumers not to renew automatically and to check whether their insurer offers alternatives that better fit their budget.