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A grace period will apply up to May 1, 2015, before which no loadings will apply.

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Nike Zoom Pegasus 34

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Nike Zoom Pegasus 34

Nike Zoom Pegasus 34

"This is an important initiative which will support sustainability and competitiveness in the health insurance market. I want to encourage young people into the market at an early age," Minister Reilly said.

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"Given the changes to the market profile, this is no longer considered appropriate, and it doesn't encourage an efficient insurance market."

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The measure, entitled 'Lifetime Community Rating', provides for late entry loadings on the premiums of those who buy health insurance for the first time at the age of 35 years and older.

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"At the moment, anyone can wait until quite late in life to join, and enjoy the same community rated premium paid by people who have had health insurance all their lives.

After that date, people aged 35 and upwards will be subject to a late entry loading when taking out private health insurance. Existing health insurance customers who continue to retain their cover will not be affected.

Health Minister James Reilly has signed into law a new measure introducing 'late entry loading' for people who first take out private health insurance after the age of 35.

The new measure will involve a 2% loading per annum after the age of 35. Credit will be provided for previous periods Nike Zoom Pegasus 34 of health insurance and for periods of unemployment since the economic downturn in 2008.

First entry to health insurance market to become more expensive for over

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