Last updated on 29th March 2017

New Health Insurance Rate Rise Coming on April 1st

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New Comparison Service Helps Aussies Save Big on Health Insurance

On April 1st, health insurance rates will increase by an average of 4.8%. While less than 2016’s increase of 5.6%, this year’s rate rise could still leave the average Aussie a couple of hundred of dollars out of pocket. In combination with health care funding cuts, Aussie battlers are having to become increasingly creative with how they save on the household budget.  Thanks to a new comparison service there might still be one area where you can save your pennies, and it’s easier than you think.

New comparison service HealthInsuranceComparison.com.au is shaking up the health insurance industry by offering consumers the power to compare big brand health insurance policies side by side, saving them time and money as they make informed choices about their private health cover.

The service comes as many mature Australians are feeling increasingly stung by the perpetually rising cost of private health insurance in Australia. Health insurance premiums rose by a staggering 4.8% in April last year, following a series of similarly high year on year increases since 2010.

“Health insurance is an overwhelming and expensive endeavour, and for many Aussies, they are paying exorbitantly high premiums for cover they will never use. For example, many couples with children who have left the nest are still paying for Family Cover,” says Founder Jonathan Leane. “We’ve designed HealthInsuranceComparison.com.au to simplify the comparison process and make sure our customers only pay for services they need.”

Here’s How You Do It:

Step 1: Select your current life stage below.
Step 2: Once you select your preferred coverage options, you will have the opportunity to compare quotes from multiple health funds.

Using the service, Australians can compare multiple health insurance brands, cover options and pricing all in the one place. The service saves time, but the biggest benefit for most are the dollar savings – in fact, their customers saved an average of $375.44 on their yearly premium last March.

It’s all personalised too. When you first arrive at HealthInsuranceComparison.com.au you’ll be asked for some basic details like your family type and home state. The system then searches its extensive database of policies to show you policies targeted to your needs, side by side so you can make an informed choice.

Since launching, thousands of Australians have already jumped on board. Over 20,000 Australians used HealthInsuranceComparison.com.au to compare health insurance in March this year, citing saving money as their number one reason for using the site.

HealthInsuranceComparison.com.au is a trusted online service that makes comparison shopping for vital health insurance easy. With the click of a button, they can help you find an affordable policy by stripping away the cover you don’t use, while saving you money on what matters to you.

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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