Just seen your health premiums increase? Here’s what to do about it

This year, Australians with health insurance have been hit hard financially. Many premiums went up in October 2020 and were increased again on 1 April 2021 – just six months later.

The good news is even if you didn’t get round to switching and saving before the April rate rise, you can still cut your premiums and beat the health funds at their own game.

*Average savings based off 25,311 customers during 2020

How Much More Am I Paying On My Health Insurance?

This April’s average price hike across the health funds was 2.74%. But that doesn’t tell the whole story. Combined with the rate rise from October 2020, people who didn’t switch funds could be paying, on average, a whopping 5.66% more*.

And many of Australia’s biggest funds raised their prices by above the industry average.

So if you’re worried about your premiums continually rising it could pay to compare policies and switch to better value cover.

Not sure what your health fund’s average increase was in 2021? 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 comparable 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 $312^ when they switched to a new insurer in 2020. 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.

Choose your area.

Which area are you in?

*Average savings based off 25,311 customers during 2020

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 – 2021.
^Based on 25,311 customers.

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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