Do you know what Lifetime Community Rating is and how it will affect you?
Lifetime Community Rating (LCR) was introduced into legislation on 1st May 2015 and affects anyone over the age of 34 years taking out health insurance for the first time after this date. From 1st May 2015, a loading will be applied to all health insurance policies taken out for the first time by individuals age 35 years and over, at a rate of between 2% – 70% of the premium.