Why your health insurance premium is creeping up

Chemical Formula
Health innovation tracker catalogues ground-breaking new Australian tech
February 27, 2018
This general practice is AGPAL accredited – what does this mean?
May 19, 2020
health insurance form with stethoscope

Around Australia, the stated average increase in health insurance premiums is around 3.99%.

But many Australians are seeing increases much higher than the average announced by the government.

A change to the government’s private health insurance rebate is partly to blame for the discrepancies.

CEO of Private Healthcare Australia, Dr Rachel David, joins Ross Greenwood.

“Some people do get a shock when they realise their increase is different from what the Minister announces.

“The number that’s announced by the government is an average so some people will pay a lot less and some people will pay more.

“The other thing people need to realise is that the government rebate for low and middle-income earners has been frozen for budget reasons. So that means that what looks like a premium increase… is actually a reduction in the government rebate.”

 

READ MORE: https://www.4bc.com.au/why-your-health-insurance-premium-is-creeping-up/

Comments are closed.