Laya customers facing premium hikes of between 4-13%

Friday 23 November 2012 19.03
Laya Healthcare to up premiums in January
Laya Healthcare to up premiums in January

Healthcare insurance company Laya is to increase its premiums across a number of its schemes from next January.

Laya, which was formerly Quinn Healthcare, said the increases will range from 4% to 13%.

The company said the prices hikes are in response to a significant rise in the number of people making claims and the rising cost of providing medial treatment.

The company's managing director Dónal Clancy said Laya had worked very hard to keep these increases to a minimum.

''The unavoidable reality however is that more people across the market are claiming more frequently and for significantly more expensive treatments. The resulting knock-on impact on costs is real and needs to be tackled urgently in terms of addressing the current regulatory framework and attracting more younger members who are vital in a community rated market,'' he added.