Log In

Reset Password
BERMUDA | RSS PODCAST

Age Concern statement reveals ‘deep concern’ over insurance hike

Seniors advocacy organisation Age Concern is not throwing out the welcome mat for health insurance premium increases.

Health Minister Zane DeSilva announced on Monday that premiums for both HIP and FutureCare are to increase as of Sunday.

“In these times any increase is a burden, especially since some seniors will now be faced with additional land tax payments and licensing fees,” reads a statement from the board of Age Concern.

“We are deeply concerned that accumulative rate hikes like these, no matter how small, will further disadvantage more seniors, and potentially may put an even greater strain on the public purse with respect to financial assistance subsidies.”

The HIP premium is set to increase to $390 from $385 per month, while the FutureCare premium for phase one policyholders goes up to $385 from the current $375 per month.

You must be Registered or to post comment or to vote.

Published April 03, 2012 at 9:46 am (Updated April 03, 2012 at 9:46 am)

Age Concern statement reveals ‘deep concern’ over insurance hike

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon