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Health Insurance News

06/03/2015 - 2:50pm

Not all trips abroad are holidays. People choose to travel for many reasons - to find adventure, to help people in disadvantaged areas, for work purposes or to take part in a charity event.

Travel insurance is integral for anyone planning a trip overseas, though this is even more of a necessity for people visiting areas that are inherently dangerous.

04/03/2015 - 11:26am

Tom Petty once sang: "the waiting is the hardest part". While the American musician may have been opining on romance, he could quite easily have been discussing the issue of waiting periods when beginning a health insurance policy.

Global health insurer BUPA explained that there is often confusion around the issue among policyholders.

03/03/2015 - 12:55pm

Last Friday, the Australian Government announced the extent of the private health insurance premium rise. It was expected to be around 6 per cent - an amount many thought was on the high side.

The actual increase was announced as averaging 6.18 per cent, though varied between 3.98 and 6.99 per cent as different health insurers increase their premium rates at varying levels.

Health Minister Sussan Ley announced on Friday (February 27) that she had approved the rise, which sees health insurance prices grow above the rate of inflation - 2.2 per cent.

27/02/2015 - 8:45am

From Darwin to Melbourne and Brisbane to Perth, hundreds of new businesses open their doors every month. Some will grow slowly, taking on employees over the course of a year or so; others will expand rapidly with a bold recruitment strategy.

There's no shortage of opinion that now is a good time to be a startup in Australia, though these new enterprises have a wealth of important decisions to make. Not least of all is how they will protect the health and wellbeing of their employees, clients and members.

25/02/2015 - 1:33pm

Australia's largest health insurer, Medibank, released the financial results for its most recent six months of trading - the first since it was floated on the Australian stock market.

Brokers bid big to secure shares in the historic sale, with the health fund successfully launched on the Australian Securities Exchange (ASX) on 25 November 2014 for $5.7 billion.

25/02/2015 - 1:32pm

Private health insurance provider nib has released a review of its performance in the past year.

With more than one million policyholders signed up to nib, and the finances of such companies tied somewhat to premium rates, it is an interesting insight for any nib customers.

All in all, the provider has had a mixed year. As the fifth largest health insurer in Australia, the group launched in New Zealand three years ago with the purchase of Tower Medical Insurance. 

23/02/2015 - 1:53pm

It's no wonder why some healthcare issues are expensive to treat, with an incredible level of skill going into many operations and treatments. Fortunately, public healthcare removes these financial issues, allowing free treatment for a range of medical concerns.

For those who want more choice when it comes to their healthcare needs, the private model gives people the ability to choose their doctor, as well as where and when they want their treatment to be administered.

20/02/2015 - 3:29pm

"Whatever can happen, will happen." Murphy's Law may sound fatalistic, but in truth it is a reason to spend a little more time thinking about how you will protect yourself should the worst arise.

If you are planning on seeing a bit of the world, whether that's on a round the world trip, a long holiday or spending time working in another country, you will undoubtedly need travel insurance.

20/02/2015 - 3:28pm

If you are looking to renew your health insurance policy, there is a window of opportunity to refine your cover and possibly make it more complete and/or affordable.

At such a time, you can speak with your broker, who will help you compare health insurance and look at your options.

There are plenty of considerations that your broker will be able to explain to you and incorporate into your health insurance policy. Here are six of them:

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10/02/2015 - 8:43am

If you currently have a private health insurance policy, you'll know the cost of protecting yourself from harm with a high level of cover.

However, do you know how competitively priced your policy is compared to those offered by other providers?

Experts say that comparing health insurance can save the average consumer around $1,500 per year - and due to a recently anticipated 6 per cent cost rise, now could be the perfect time to make some enquiries.