Health insurance premiums are rising again this year, so what does this mean for you? Much depends on how healthy you are and how much extra care – such as physiotherapy – you might need. Here are some of your most common questions, answered.

The government said it expected premiums to rise by around €10. So what’s actually happened?
Health insurance premiums have indeed risen, though the exact increase varies by provider. Many have not raised their rates yet, but the expectation is that the others will follow DSW, which is raising premiums €9.50 per month.

The increase is due to rising healthcare costs, inflation, and post-pandemic adjustments to health services. Comparing specific policies can help you to understand each insurer’s exact increase.

Does the increase mean coverage has improved?
Not necessarily. A premium increase typically reflects rising healthcare costs, not better coverage. Most basic plans cover the same primary care (such as GP visits, emergency care) and are regulated by the government. But some insurers might adjust the range of care options or conditions for their supplementary plans.

So what can you do to cut your monthly payment?
Consider these strategies to reduce costs:

• Increase your deductible: Opting for a higher voluntary deductible can lower premiums
• Review supplementary insurance needs: Avoid paying for coverage you don’t use such as extensive dental care
• Annual payment: Some insurers offer discounts if you pay annually
• Switch to a cheaper plan: Comparison websites or advisors can help you find policies that align with your needs and budget

Are there any things in particular we should look out for when changing health insurance company?

• Coverage: Ensure new policies cover essential care you might need, especially if you require specific treatments or medication
• Network restrictions: Some insurers only cover care from contracted providers, so check if your preferred doctor or hospital is included
• Supplemental plan terms and conditions: Differences in dental, physiotherapy, or mental health coverage can be significant

What is the biggest mistake people can make?
The biggest mistake is not reviewing your policies every year. Needs can change, and some people end up overpaying or missing out on valuable benefits. Also, assuming the cheapest option is best for you can cause problems. You really need to consider your own coverage needs, because if you don’t have adequate insurance, you might end up with large extra bills.

What about supplementary insurance, like dentistry? Is that really necessary?
It depends on your situation. If you think you may needs dental procedures or have a chronic need for physiotherapy, supplementary insurance could be worthwhile. However, for those with minimal needs, saving up some extra cash could be worth it in the long run.

When do I have to take a decision by?
The deadline to switch health insurers is typically December 31. However, if you terminate your existing policy by then, you have until January 31 to choose a new one. You can check out how to do this on comparison websites such as Independer.