Australians born before 1962 need to know this about beating the rising cost of health insurance premiums

In the last 12 months Australians with health insurance have been hit with a double rate rise. Many premiums went up in October 2020 and were increased again on 1 April 2021 – just six months later

It’s loyal Aussies who are hit hardest with the whopping 5.66%* average increase from health funds during this period but those who took action and found a cheaper fund were able to save big. 

In fact, last year this service saved health fund members an average of $312^ when they switched to a new insurer.

So where are these mythical health insurance policies that cost less? They do exist and they’re often hiding in plain sight, but it gets easier when you put them side-by-side when you check savings using a service like Health Insurance Comparison.

But before you do that, the first step is to work out just how much more you’ve been paying.

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. 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. 

Not only could we save you money, but we also take care of the process from start to finish, including all the paperwork.

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?

Australia: We saved our average customer **$320*on their average annual premium!

Compare quotes now

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*Average savings based off over 110,000 customers between 2018-2021

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.