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Health Funds and Industry News

17/05/2016 - 10:45am

Every year, the Commonwealth Ombudsman (formerly the Private Health Insurance Ombudsman, or PHIO) releases its annual report on the industry. The latest edition has recently been published, taking in the 2014-2015 financial year.

In this 12-month period, Australian policyholders got to have their say by taking to the Commonwealth Ombudsman (CO) website and making complaints if they felt aggrieved by their health fund.

13/04/2016 - 10:47am

Australian airline Qantas and health fund nib have joined forces to offer an incentive for fitness-conscious private health insurance customers.

People who take out Qantas Assure health insurance can download a mobile app, which tracks their fitness and activity levels, rewarding an energetic and healthy lifestyle with Qantas frequent-flyer points.

13/04/2016 - 10:23am

By now, every Australian private health insurance member will begin paying more for their cover. Every year, health insurance premiums rise, and this year was no different.

29/03/2016 - 8:39am

Confucius probably summed it up best: "Life is really simple, but we insist on making it complicated." It's been 2,500 years since the Chinese philosopher muttered these words, and yet we perhaps make things more complicated today than ever before.

23/03/2016 - 4:07pm

Like all things related to health insurance, it's important to be informed. That's a note that rings particularly true with all Australian health funds increasing the amount they charge their clients on  April 1.

The average premium rise will be 5.59 per cent, the government announced in March. However, your health fund could be dramatically lower or higher than that - and their rate change is sure to influence you in the back pocket.

18/03/2016 - 4:35pm

With health insurance premiums rising on April 1, members, as well as those looking for their first private health cover policy, will be scouring the market for a deal.

17/03/2016 - 9:01am

On April 1, 2016, private health insurance premiums will rise by an average 5.59 per cent. However, that is just the median, meaning many will be above that line and many also below it.

16/03/2016 - 9:05am

Every year on April 1, health funds raise their premiums. They do this to combat their own growing costs that occur thanks to inflation, an increased healthcare burden and the costs of new, modern medical equipment.

In March, the 2016 figure was released. Health insurance premiums will rise by an average 5.59 per cent on April 1, 2016.

15/03/2016 - 3:48pm

Australia's private health insurance is a beast with many arms, and they're all flailing in different directions. Focus on your Medicare levy surcharge for too long, and you might get blindsided by lifetime health cover; try and get your head around which health fund to go with, and you might miss important deadlines and end up paying more.

15/03/2016 - 1:55pm

Australians have had their say and many people are concerned over the future of healthcare, with the issue becoming their number-one priority. What's more, they're ready to spend their vote to ensure healthcare stays top of our policymakers' minds.

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