With over one million people due to renew their health insurance between now and next March, the Health Insurance Authority (HIA) is encouraging people to review their policy to find the best cover.

To help with this, the authority has launched a renewals campaign.

"At this time when money is tight, and households are looking at all their spending, the HIA is here to offer support and advice," said Laura Brien, CEO of the HIA.

Ms Brien said health insurance can seem daunting when it comes to reviewing your policy, and so she said the HIA is there to support consumers through providing impartial expert advice.

"We can demystify complex terms, understand what their plans cover, and compare options available to them.

"People often have elements included in a policy that they do not need or lack cover for important areas that they might value at other times. We can help identify if there are better value options available for consumers," she said.

The HIA pointed out that five plans were retired from the market this year, however there are still almost 70,000 people on these plans.

When it comes to their next renewal date, the HIA said these people will have to review and decide on a new plan.

"With 11 new plans being introduced and some insurers notifying price increases from 1st January, it is important for consumers to have up to date information to help make better choices," the HIA said.

New figures published by the HIA show that 2.42 million people here had private health insurance in the third quarter of this year, up 0.9% on the previous quarter and and 3% year on year.

The average adult premium was priced at €1,412.

VHI still has the largest market share at 48.5%, with the rate of decline slowing considerably compared to several years ago.

Laya Healthcare continues to increase its market share, and it now stands at 27.6%.

Meanwhile, Irish Life Health and RMUs have remained steady at 20.5% and 3.5% respectively.

The HIA figures also show that health insurance coverage increased among 18–26-year-olds in the third quarter of this year, while coverage among adults 26 and over has remained steady at 69.4%.