The future of private health insurance in Australia
Potential changes to the health insurance industry could affect consumer prices.
Health insurers are calling for a change in industry regulation that would bring an end to the annual price hike on April 1st. They claim that requiring insurers to implement price adjustments on the same day is stifling competition, which could be affecting consumer prices.
Naturally, this claim triggers some suspicion. If health insurers were left to their own devices, would they be more likely to lower prices or to raise them? It can seem like consumers are at the mercy of government and big business, but there is one thing you can do to take control of your health premium.
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.
HealthInsuranceComparison.com.au brings together online search technology and human expertise to help you find the best deal on health cover. You can use it at any time during the year, and in most cases it will allow you to lock in a low price in advance, protecting you from those annual price hikes.
The government was given veto power over health insurance premiums as a bargaining chip in return for agreeing to subsidise private premiums. Now that the private health insurance rebate is getting smaller each year, insurers argue that the government should no longer have the final say over prices.
All of this debate seems to leave consumers out in the cold and ignores the real issue, which is the fact that prices are rising at a rate that is seemingly impossible to keep up with. If you’re worried about the cost of your health insurance, Health Insurance Comparison can help you mitigate these rising prices with very little effort on your part.
Start by providing a few basic details so the search engine knows what it’s looking for, and in just a few minutes you’ll have a quote that lets you compare insurers side by side. If you have any questions or if you’re ready to switch, a short phone call with an expert advisor will tie up all the loose ends.
The real advantage of HealthInsuranceComparison.com.au is that the process is designed to make it easy for you, not the insurers. You’ll get unbiased advice so you can make an informed decision, and your advisor will take care of the paperwork on your behalf.
At this stage it is unknown what the future holds for Australia’s private health insurance industry, but whether or not the government retains its veto power, prices are likely to keep going up. Comparing policies could be the key to keeping your health cover without overpaying it, so visit HealthInsuranceComparison.com.au for your free quote.
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.