Why your health insurance premium is creeping up

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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/