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Health Insurance News

27/03/2015 - 3:32pm

With the latest premium price rise coming into effect from 1 April, many people will look for ways to cut the cost of their health insurance policy.

Of course, this is a fine balancing act. One of the main advantages of having health insurance is the benefit of security through a well-rounded level of cover. Any changes to a policy must be done surgically rather than with a hammer and chisel.

19/03/2015 - 8:17am

Creating a health insurance policy that covers your most pressing medical needs can be a complicated task.

On top of any specific health issues, there are common concerns that, without the right level of cover, can leave Australians with lower levels of care.

For instance, if a medical condition is to strike, many private health customers will want to choose their doctor and the location they will receive treatment - something that a complete policy will allow them to do.

16/03/2015 - 3:51pm

There can be many reasons why you want to start using private healthcare. To have more choice over your hospital treatment, or to avoid larger premiums once you cross the 30-year-old lifetime health cover threshold, for instance.

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.