Will my health insurance premiums rise over time?

I am considering taking out a health insurance policy and wanted to know whether the premiums would raise over time?

Question asked by Ernest Richards
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Answered by Tom Conner

Health insurance is set up as a annually reviewable contract, it is designed to stay apace with all the latest medical developments thus wth increasing costs of treatment it is normal for the premiums to rise. This is also coupled with the fact that year on year we are getting older which unfortunately means are likelihood of needing treatment rises which can also affect your premiums.

This is why it is so important to review your policy year on year to ensure the plan you currently hold and the premiums you pay are competitive in the marketplace.

premiums
 
health insurance
 
increasing
 
This information does not constitute financial or other professional advice. You should consult your professional adviser or contact us directly on 02084327333 should you require financial advice. It is important to ensure any insurance policy you take out is suitable for your needs.
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