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Private Health Insurance Rebate News

20/02/2017 - 11:39am

As of April 1 this year, health insurance premiums will increase across the industry, and government rebates on private health insurance will decrease. A Department of Health (DoH) media release from February 10 states that the average premium increase for 2017 will be 4.84 per cent - the previous lowest since 2010 was 5.06 per cent.

13/02/2017 - 9:24am

If you have used your private health insurance (PHI), you'll understand how valuable it is. In fact, CEO of Private Healthcare Australia Dr Rachel David states that 84 per cent of people with PHI want to keep it, even though the average income of someone with a policy is under $50,000.

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.

08/03/2016 - 9:03am

As April 1 approaches, health insurance policyholders will be preparing for increases to their premiums. Health funds put up their rates annually, and for the past few years, this magic number has been 6 per cent.

08/01/2016 - 3:39pm

On December 13, 2015, the Daily Telegraph broke with news that the private health insurance rebate may be scrapped in favour of a new model. Based on what the newspaper called "leaked" papers from the Council of Australian Governments (COAG), a change in the rebate will no doubt have caused concern among private health insurance policyholders.

03/08/2015 - 11:52am

The cost of health insurance is generally considered the factor that separates the 50/50 split of Australians with and without policies.

27/03/2015 - 3:48pm

By now, you may have heard about the changes about to come into place that will affect the cost of health insurance in Australia. An annual rise in premium rates will give health funds the ability to maintain a high level of benefits in the light of increasing cost pressures.

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.

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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