Seán Ó Fearghaíl
Question:25. Deputy Seán Ó Fearghaíl asked the Minister for Health his plans to make private health insurance more affordable; and if he will make a statement on the matter. [27068/14]
View answerWednesday, 25 June 2014
Questions (25)
Written answers
I have consistently urged the private health insurers to do everything possible to keep down the cost of private health insurance. I am determined to address costs in this sector in the interest of consumers and I have made it clear to insurers that I believe significant savings can still be made, the effect of which can be to minimise the need for increases in premiums.
As part of the Consultative Forum on Health Insurance, I appointed Mr. Pat McLoughlin as Independent Chair to work with insurance companies and the Department to identify effective cost management strategies to help ensure the long-term sustainability of the private health insurance market. Mr. McLoughlin’s Costs Review Phase I report was published on 26 December 2013. Work on the implementation of key recommendations in the Phase 1 report is progressing well. Phase II of Mr. McLoughlin's report will deal further with the factors driving costs in private health insurance and is expected to be finalised and published shortly.
Many consumers can make large savings on their health insurance premiums by shopping around for the health insurance plan that best suits their needs. For those who have been insured on the same plan for a number of years, it is important to review the level of cover to ensure that their needs are being met, without being over-insured. Consumers have a legal right to switch between or within insurers to get better value and to reduce their premium costs. The Health Insurance Authority (HIA) provides information to consumers regarding their rights and also on health insurance plans and benefits. The HIA's website www.hia.ie has a useful plan comparison tool which assists in finding suitable and competitive health insurance plans.