Aussie Seniors To Be Hit Hardest By Private Health Cover Hikes
But comparing before April 1 could still save you hundreds.
Almost everyone with private health insurance knows by now that premiums are jumping up an average of 3.95% on April 1st. On top of this, certain funds will actually hike their prices by as much as 8%, and every Aussie over 65 will have their health insurance rebate reduced.
This means that if you’re a pensioner you’ll either have to pay more upfront or receive a lower tax offset, and that’s on top of the increased premium cost. But there is still a way to fight back and keep your costs down, and it’s something your health fund definitely won’t have told you about.
Right now is the by far the best time to switch your provider. All the health funds know that you’re looking to switch and they are doing everything they can to get your business. Whether that’s cash-back incentives, gift cards or bonuses you’re almost guaranteed to get some kind of extra value if you compare.
This time last year we saved our customers an average of $375.44, and that’s just off their premium, not taking into account the value from extra incentives. Read on for our favourite rate rise savings tip that can have you paying even less than you did in 2017.
When our customers come to us they get more than a comparison. They also benefit from our advisers’ years of expertise in comparing health funds.
Part of our service is our commitment to making your health cover savings quick, simple and effective. Giving you all the tools you need to make affordable health cover a reality.
Our favourite rate rise savings tip lets you bypass paying this year’s increased rate altogether. The first step is switching to a better rate, a better rate compared to what you paid in 2017. Then you can lock that rate in for the whole of next year.
That way you’re paying even less than you did this year, eliminating the rising price of health insurance. While almost everyone is paying more, you pay even less than you did last year.
If you’ve never switched funds you’ll be surprised at just how easy it is. When you change, as long as the procedure is covered by your new provider, you carry over all your previously served waiting periods.
You’re also entitled to a refund of any premiums you’ve paid in advance, and can still claim procedures up to two years after they happened regardless of which fund you’re with now.
With the help of our advisers it’s never been easier to understand what you’re paying and why. You can compare your current level of cover to similar policies and see exactly what you could be saving, all at no cost to you.
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.
You can join them with just a few clicks. Hurry! Your health cover savings are just minutes away.
Get Started Now:
Step 1: Select your state below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.