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Health Funds and Industry News

27/06/2016 - 11:02am

The Federal Budget for 2016/2017 has been wrapped up already, but the forthcoming federal election promises to put a stone in the shoe of those who think more changes aren't coming. Elections are full of different promises and policies, and if you are concerned for the future costs and efficiency of your health insurance, it's worth while to take a look at what the result could mean for your finances and health. 

23/06/2016 - 1:55pm

The Federal Budget is one of the most significant dates of not only the political calendar, but the financial one too. Every industry waits with bated breath to see if this is the year they see that much-needed funding boost, or if cuts will put a further strain on resources.

20/06/2016 - 2:21pm

Understanding your private health insurance has long been a significant headache for Australians. Figuring out what you are covered for and, perhaps more importantly, what you aren't, can be a complex and time-consuming business for the average consumer.

With over 40,000 different kinds of private health cover available in Australia, it is understandable why it has become an important arena for the upcoming election.

10/06/2016 - 10:55am

When it comes to technological development, there is one particular law that is often quoted. Or rather, not a law, but a prediction. Moore's Law, developed by the eponymous Gordon E. Moore in the 1970s, to be exact. This concept in simple terms states that the overall processing power of a computer will double every two years.

31/05/2016 - 10:05am

With the new Federal Budget announced, private health insurance consumers are likely looking to see what's in it for them. After all, April's 5.59 per cent premium increase did nothing to help affordability, though many families won't want to renege on their health insurance benefits.

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.

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