Lunchtime Live Ask the Expert: Health Insurance
Oct 28, 2025
Dermot Wells, Head of Health & General Insurance at Cornmarket, dives into the complexities of health insurance. He discusses the recent spike in premium prices and common pitfalls consumers make during renewal. For younger listeners, he recommends a specific plan tailored for a 25-year-old female, while addressing transitions for young adults off their parents' policies. Dermot also clarifies how age impacts premiums and explains waiting periods for first-time buyers. Plus, get tips on negotiating and navigating renewal confidently!
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Rising Premiums And Legacy Plans
- Health insurance premiums have risen sharply, with many plans up 30–75% over recent years.
- Around 50% of customers sit on legacy plans that are often overpriced for current needs.
Cut Day-To-Day Cover If You Rarely Use It
- Review day-to-day cover and compare its cost against how often you use GP or consultant visits.
- Drop day-to-day benefits if you don't claim enough to break even to save a meaningful portion of your premium.
Ask For Equivalent Cover Or Choose Co-Pay Plans
- If your plan has become expensive, ask about alternative plans with similar core benefits or accept some co-pay to lower premiums.
- Consider moving within the same insurer to a different tier or to a plan with co-payments to save hundreds per adult.