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Health Insurance News

26/11/2014 - 3:03pm

After the hype of the Medibank initial public offering, the company officially being listed on the Australian Securities Exchange (ASX) had the potential to be underwhelming, but investor interest has remained high.

Prior to the company going live on the exchange at midday on November 25, much had been made about its share prices, which were collectively valued at at $5.679 billion.

25/11/2014 - 9:27am

If you have to make a claim towards the beginning of your health insurance policy, you may wonder why there are periods where it seems like you are being denied the service you've paid for. To better educate policy holders, the Private Health Insurance Ombudsmen has recently outlined the key reasons why you can be left in limbo.

Waiting periods

25/11/2014 - 9:20am

If you're looking for a health insurance policy that takes into account any pre-existing condition you may have, there are several hurdles to overcome in the quest for the right agreement.

Under the Private Health Insurance Act 2007, providers cannot openly discriminate against anyone seeking their services with a pre-existing condition. However, there are a number of criteria and stipulations which can affect your prospective policy.

Pre-existing conditions

24/11/2014 - 1:02pm

The highly anticipated and much talked about share offering of Medibank has been completed, with $5.679 billion raised from the initial public offering (IPO). The company will officially begin trading on the Australian Stock Exchange at noon on November 25.

Earlier estimates outlined that the government would stand to make somewhere between $4.3 billion and $5.5 billion, but the huge amount of interest has already seen those figures comfortably surpassed.

24/11/2014 - 10:46am

When planning for the future, it is pivotal to secure against the most obvious threats, as well as the not so conspicuous ones.

The same can be said when creating a personal or corporate health insurance plan. Knowing the less obvious threats is important to protect against a wide range of injuries and illnesses; however, it is the most pressing health concerns that pose a more clear and present danger.

21/11/2014 - 9:44am

There can be great diversity in the cost of a health insurance plan. With so many variables - coverage, location, age of consumer, etc. - it can be a complex process assessing the risk and, as a result, the cost of a health insurance policy.

21/11/2014 - 9:02am

In the run up to Christmas, ensuring everything is in place if you are planning a trip out of the country can leave with you a long checklist of criteria to meet. Travel insurance can often slip the mind, despite being crucial if you run into any difficulties while you are away.

In a bid to make it easier for Australians to choose their travel insurance policies, Julie Bishop - Minister for Foreign Affairs - has announced the CHOICE initiative to help Australians better understand travel insurance and all of the nuances that may trip them up further down the line.

21/11/2014 - 8:58am

The privatisation of Australia's largest health insurance provider continued to take another interesting turn this week, as the price cap was lifted for the institutional offering of Medibank Private.

As the book-build for the flotation on the Australian Securities Exchange (ASX) gets underway, institutional investors have been encouraged to bid higher to secure shares.

18/11/2014 - 9:34am

Travelling is one of the greatest ways Aussies can see the world. While our own country is great for local tourism, our seclusion from much of the world makes exploring other countries a thrilling experience.

Travelling is more popular than ever in Australia. A decade ago, there were 18.6 border crossings, according to a recent Australian Bureau of Statistics report. This included people leaving and arriving in the country over the 2003-2004 period.

13/11/2014 - 12:49pm

You may have already heard about the Medibank Private sale: a stock market flotation that will put Australia's largest health insurance provider up for sale before the end of November.

The government says the privatisation of the company will increase competition in the health insurance market, and ensure they are not both regulator and insurer at the same time.