2020 has been a year of ups and downs for Australians. But in the case of health insurance premiums, there’s been more ups and no downs.
Premiums crept up last October due to the delayed COVID-19 rate rise, and went up again on 1 April 2021. Meanwhile, government health insurance rebates are going down**, meaning more and more Aussies are facing the brunt of higher health insurance costs.
What are government rebates?
The government pays a part of the cost of private health insurance premiums for most Australians based on their age and how much they earn. This is known as the private health insurance rebate. Rebates can range from around 8% to almost 25%.
Government rebates are one way to cut the cost of health insurance but smart Aussies are comparing policies to cut the cost of their hospital and extras cover. The good news is this can be done in a matter of minutes.
Here’s How Our Experts Helped Thousands Of Aussies Save Hundreds Of Dollars On Their Health Insurance
Our experts at Health Insurance Comparison help you check how much your rebate should be as well as see how much you could potentially save by comparing different health funds and policies in only a few minutes.
Our free comparison service not only helps you save on your hospital cover but can also maximize the value you get on your extras.
Over the last year, our team of experts at Health Insurance Comparison has saved Aussies an average of $312^ by comparing health funds.
Don’t just settle for the government rebate. Do what thousands of Australians do each year and switch to a better value policy.
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.
*ATO, Health insurance rebate rates, December 2020.
*The Conversation, Premiums up, rebates down, and a new tiered system, March 2019.
** ATO, Income Threshold Rates For The Private Health Insurance Rebates, December 2020.
^Based on 25,311 customers in 2020.