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Experts Claim Health Insurance Costs May Rise By Another 6% in 2016

Jonathan August 24th, 2015 0 comments

Health insurance costs have been on the up and up in recent years, with a cumulative increase in average premiums well over 30 per cent since 2010. This staggering figure is now predicted to grow further as experts predict another big increase in health insurance costs over the coming year.

Earlier this year, Australian Health Minister Sussan Ley announced that private health insurance premiums would rise by a weighted industry average of 5.6% from April 1, pushing the cost of the average family policy up by about $200 a year.

2015’s increase was almost three times the rate of inflation of the previous year, and far outstripped average wage growth, leaving many Australians feeling behind.

The relentless health insurance price increases of recent years have hit Australian families hard, who are struggling to keep up with the ever-expanding cost of private health cover. With the average family policy rising by up to $200 each year, it’s a trend that many say is unsustainable.

In response, comparison services like HealthInsuranceComparison.com.au are becoming increasingly popular as consumers seek the best deal on the market to save their hard earned dollars.

The HealthInsuranceComparison.com.au service puts the power to make an informed choice about health insurance into the hands of every Australian.

With the click of a button, users can compare personalised health insurance policies. The service compares brands, cover options and pricing side by side, revealing the best health insurance deals in a fraction of the time typically spent researching and comparing a health insurance policy.

Following the most recent rate hike, comparison websites have been proving a popular choice with Australians. Thousands of people have used HealthInsuranceComparison.com.au to compare health insurance and save.

While the most popular reason for using the service is cited as cost savings, many have commented on the big time savings they’ve experienced too. With the majority of Australians now suffering from a busy and time poor lifestyle, the chance to save time by using a comparison service is a welcome refuge.

HealthInsuranceComparison.com.au is a trusted online service that makes comparison shopping for vital health insurance easy. With the click of a button, you can get access to a range of health insurance policies to find the right policy, with the right cover, at the right price for you and your family.

Disclaimer: The above information is correct and current at the time of publication.

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