Aviva has this morning confirmed it will increase health insurance premiums by 14% from March 1.
The company said that 'due to factors over which it has no control' it will increase the premium prices because of the cost of private beds in public hospitals, medical inflation of 9% and the health insurance levy.
It added that if the health insurance levy was removed, it would be able to reduce its prices by up to 30% overnight.
The planned increase means an individual on Aviva's most popular plan will see costs jump from €825 a year to €941 a year. Families with two adults and two children will typically see their bill rise by €356 a year to €2,900.
Earlier this month, VHI increased the cost of its policies by an average of 15% - and up to 45% in some cases.
The cost of Quinn Healthcare is also rising for those renewing from next Tuesday. Premiums are to rise by 8%, with some policies seeing increases of up to 25%.
Aviva said that customers switching or renewing policies before March 1 can still avail of current prices.
