Australians are about to experience a double whammy of health insurance premium increases. Prices already went up on 1 October 2020. Now they’re due to go up again in the first half of 2021.
But it’s not too late to cut your premiums and retain your cover. Switching ahead of April’s planned rate rise means you can still beat health insurers at their own game.
How Much More Am I Paying On My Health Insurance?
October’s 2.92% average price hike wasn’t the whole story. One insurer increased their premiums by an average 5.63%*, while we saw reports of other funds increasing the cost of cover by a whopping 8%**.
The average cost of the April increase isn’t yet known, but if you’re worried about your premiums going up again it could pay to compare policies and switch to better value cover.
So how much did your current fund increase their prices by last October? Check out our health insurance rate rise calculator to find out. Go on, we’ll wait.
Not pleased with your result? We don’t blame you.
Can I really pay less for the same cover?
Yes. Our experts at Health Insurance Comparison can help you find a better deal from our panel of trusted insurers. We take care of the process from start to finish, including all the paperwork.
In fact, we saved our customers an average of $380.79^ when they switched to a new insurer in 2019. That helps take the sting out of any annual health insurance premium increases.
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.
Don’t let your health fund hit you with another price hike. It’s time to beat them at their own game and compare with Health Insurance Comparison to find a better deal on your health cover.
*Department of Health, Historical Premium Increases 1997 – 2020.
**Your Life Choices, Have you received a health insurance rate rise notice, September 2020.
^Based on 20,400 customers.