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Older Australians worried by spiralling health costs

Updated 15/10/2021

Older Australians are normally hit hardest by health cover price rises. But there is a solution.

Older Australians worried by spiralling health costs

The National Seniors Association estimates that over the last decade health costs have increased by 56.7%, despite inflation increasing by just 23.5% over the same period.

That's concerning for older Australians.

The NSA has warned that health insurance premiums could increase by as much as 66% by the end of this decade unless the underlying issues are addressed**.

That's why comparing health policies regularly can help keep costs down but your cover intact.

Paying too much?

Australia: We saved our average customer $300* on their average annual premium! Select your age below and see how much you could save!

This year insurers raised their premiums in December 2021, which means there's a good chance the over 60s are already seeing higher health insurance costs.

Compare Club regularly speaks to thousands of Australians looking to cut costs after premiums get too high.

It's one way to knock hundreds off the cost of your health insurance.

A recent survey of six thousand NSA members revealed that seniors want lower out-of-pocket fees for specialists, cost-effective private health cover premiums, and more funding from Medicare across more services, including public hospitals.

That’s why Compare Club has been working to put more back in the pocket of older Australians.

Over the last 5 years, we've saved our customers an average of $320* off their annual health insurance cost when they switched policies through us.

To get help comparing your health insurance, click here.

To find out more about the NSA campaign to help Australian seniors pay less for health, click here.

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

*Based on 111,658 policies sold Jan 2017 - Nov 2021.

** National Seniors Australia, Sept 2021