Health Insurance Is a premium increase of 23% now typical?

Healthyman

New Member
Messages
2
I have a policy (Company Care Plus) with LAYA due soon for renewal.
The premium will increase by 23%.
I thought I read in the press recently about increases in the 5-10% region.
Am I being very naïve and is 23% now typical?
HM
 
5-10% may be an average but there have definitely been much higher increases on some policies. E.g.:
 
It seems to be mainly those Laya policies which have no excess or shortfall for specified orthopaedic procedures that have this level of increase in cost. All the above plans do, I believe, and my Simply Connect Plus increased by 25% last December.
 
I was recently told by TotalHealthCover that an increase of up to 15% is reasonable and can still represent good value. Having said that, I personally think it's ridiculous. I thought healthy inflation was supposed to be 2% so I think health insurance is becoming crazy prices.