HEALTHY ACCOUNTS

Eight ways to save as insurance premiums rise

- BY RACHEL BERESFORD

WITH health insurance premiums on the rise, many families will face price increases when they renew their policies over the coming months.

The volume of plans on the market can be overwhelming but is it still possible to save money by shopping around?

“If you have had the same cover for more than two years, it's highly likely you are missing out on better value or more suitable benefits, says Dermot Wells, inset, head of health & general insurance at Cornmarket.

“It pays to review your options every year and ensure you find the best plan to suit your family’s changing needs. In a lot of cases, you will get a better deal by either switching provider or engaging with your existing insurer.

“Some simple ways to save include moving to a plan with a higher excess or reducing benefits that you are no longer using”

1. Review your options