It’s Not Too Late To Save On Private Health Insurance
This time last year, even after the Rate Rise, our customers saved an average of $320.09 off their yearly premium.
You heard it in the news, you heard it on the radio, you saw it on tv, you may have heard it from your insurer – the Health Insurance Rate Rise is here!
For the majority of Australians, health insurance premiums have increased year on year, by an average of 3.95%. What your fund won’t have told you is that the price of some individual policies went down. Our independent analysis has shown that the cost of some policies decreased by 2% while others rose by as much as 12%. At the same time, in spite of premium increases, some funds simply remain cheaper than others.
If you are now paying more for private health insurance, it’s time to compare, switch and save. This time last year we helped Aussies save an average of $320.09 off their yearly premium.
The constant reordering of value-for-money health funds has created an industry that only rewards active shoppers. While prices simply rise for the loyal customers who haven’t set aside time to compare policies, funds regularly offer new and better policies to bring in new customers. It’s a system that relies on loyal customers believing that it’s too hard to switch.
Not only are there no lock-in contracts with health insurance, the industry is designed to make it easy to move to a better deal. To start, it’s simple to compare your cover. When it comes to changing funds you’re entitled to keep the waiting periods you’ve already served, along with a refund of any premiums you’ve paid in advance. The reality is that if you’re not reducing your level of cover you don’t have to resit waiting periods, and it’s actually far easier than you think to pay less and get more.
Since launching, thousands of happy Aussies have already jumped on board. Almost half a million Aussies chose HealthInsuranceComparison.com.au to help them compare health cover last year, citing saving money as their number one reason for using the site.
This time last year Aussies saved an average of $320.09 off their yearly premium. You can join them with just a few clicks. While rates have risen, your health cover savings are just minutes away.