A dying industry? Here’s why Aussies are tempted to leave their health funds – and one alternative that saves them money.

According to various news reports, private health insurance is a dying industry in Australia. But are Aussies really quitting on their health insurers?

A recent report from APRA** shows an influx of more than 103,000 people taking out hospital cover in 2020.

Smart Aussies know better than to walk away from their health cover altogether. Instead, they’re switching funds and finding more value for their money in the process.

Paying too much?

Australia: We saved our average customer $312* on their average annual premium! Select your age and see how much you could save!

*Average savings based off 25,311 customers during 2020

It’s often better to cut costs rather than cancelling the policy altogether. Here’s how you can cut the unnecessary costs:

  1. Know your needs

    There are two different types of health insurance: hospital cover, which is for in-hospital expenses such as accomodation and doctors fees, and extras cover, which comprises the services you might need outside of the hospital, such as dentists, glasses, contact lenses, and physio.

    Knowing exactly what you need from both hospital and extras cover is the first step to saving money.

  2. Don’t set and forget

    Your health needs are bound to change with health and time. Reviewing your policy frequently could ensure you’re paying for what you really need.

    And remember, if you’re switching to a hospital policy that has an equal or lower level of cover you won’t need to serve any new waiting periods.

  3. Shop around

    Each health insurer has different offerings and it could be worthwhile to shop around in order to get better value for your money.

    If you’re dreading all the work that goes behind comparing policies, leave the headache to us. Our team at Health Insurance Comparison takes care of all the paperwork and helps you find health cover suited to your needs.

Here’s How You Do It:

Step 1: Select your current life stage below.
Step 2: Once you select your preferred coverage options, you will have the opportunity to compare quotes from multiple health funds.

Choose your life stage.

I’m looking at health cover for…

In 2020 alone, our experts at Health Insurance Comparison helped save customers $312 on average**.

So if you feel you’re overpaying and want to find a better deal, in just a few minutes you could be on your way to hundreds of dollars in savings.

Switch, don’t ditch your health insurance!

Get Started Now:

Step 1: Select your state below .
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

Choose your area.

Which area are you in?

*Average savings based off 25,311 customers during 2020

*APRA, Quarterly private health insurance statistics, February 2021
**Based on 25,311 customers on 2020

This article is opinion only and should not be taken as medical or financial advice. Check with a financial professional before making any decisions.

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