After 30 April 2015, anyone aged 34 or older, who is taking out Private Health Insurance for the first time will have a loading of 2% of the gross premium applied for every year of age if older than age 34 when they are taking the plan out.

An example would be, a 50 year old taking out Private Health Insurance for the first time on 1 May 2015, would have a 32% increase on their premium.

Click here to  read the Health Insurance Authority’s Website with some FAQ’s.