New Study Shows Health Insurance Rates Have Risen By Nearly 50% Since 2010

Monday, January 30, 2017 Last Updated on 24 August 2017

Aussies find a way to lower prices on health insurance despite ongoing rate increases.

If you think your health insurance is more expensive than ever, you’re right. Recent statistics released by the Australian Government Department of Health suggest that health premiums have increased by almost 50 percent since 2010.

Despite a low rate of inflation, premiums have been skyrocketing. This puts Australian consumers in a tough position, forced to pay high prices for health insurance. There are a number of reasons given as to why premiums are rising, from an ageing population to costly medical technology, but Australians are still stuck with the bill.

To fight the ongoing price hikes, Australians are taking matters into their own hands with the help of a free online service. HealthInsuranceComparison.com.au lets people compare health policies from a range of trusted providers, so they can instantly see which insurer is offering the best deal.

There’s no excuse not to compare, because the process only takes a few minutes to get a quote. Health insurance advisors are also available over the phone to help you switch policies and answer any questions you may have.

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.

Talking to an advisor can be an eye-opening experience, because you may find that you’ve been paying too much for services you don’t need. Many people stick with the same policy for years, not realizing that they’re paying for family cover long after their kids leave home.

Once you realise how easy it is to save money, the threat of another price hike may seem less daunting. When prices rise at such a rapid rate, it’s reassuring to know that there’s still an easy way to save—and all you need is internet access.

Switching policies may seem like more work than it actually is. In reality, the process is simple, especially when a skilled advisor takes care of the paperwork for you. There are no hidden costs in switching to a new insurer, and portability laws mean you won’t have to re-sit any waiting periods when moving to a policy with equal or lesser cover.

In 2016 alone over 1.8 million consumers visited HealthInsuranceComparison.com.au to find out how to get a better deal on health cover. Join millions of Australians in using this trusted service to find a great-value policy without the hassle. Compare today to find affordable health cover for your family.

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