What are the changes and why should you care?
Every year on April 1st, health insurance premiums in Australia increase. This year, the average increase is set to be 3.25%. The exact additional amount you’ll be charged depends on your current fund and policy. If you’d like to check your estimated premium increase for 2019 you can use our health insurance rate rise calculator.
If you have private health cover, or are planning to purchase a policy in the near future, it’s worth considering how the premium increase will affect you financially. If you have any concerns, you can compare policies to find out if you’re paying too much. Comparing health insurance annually ensures you’re getting good value, well-suited cover for the best possible price. It’s one way to make up for the health insurance rate rise and could you you hundreds.