Many people rushed into health plans after the introduction of the lifetime community rating. Photo: StockLarge numbers of people who took out entry-level health insurance plans to avoid penalties are overpaying for them, new research has found. This put in place penalties for those over the age of 34 who took out health cover for the first time. Read MoreThis means they could be overpaying by hundreds of euro every year for entry-level plans which mostly cover public hospitals only. He said VHI members were less likely to be overpaying for entry-level cover because it had retired a lot of its dated schemes.

Source: Irish Independent April 26, 2021 01:30 UTC