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Private Health Insurance Rebate News

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:

Advanced payment

03/02/2015 - 5:14pm

The private health insurance (PHI) rebate has caused no short supply of debate.

The rebate allows Australians covered by a private health insurance policy to claim back a proportion of their premiums, making the option more affordable for thousands of families.

30/01/2015 - 5:04pm

Calls to the scrap the private health insurance rebate are in a state of flux, as Finance Minister Mathias Cormann has made his position on the matter clear.

Minister Cormann has rejected the calls and maintains that the current system is working as is.

Welfare groups across Australia have been the driving force in pressuring the government, as changes to proposed policies were altered earlier in January before they could come into effect.

Written by: Jethro Still
27/11/2013 - 2:48pm

Health insurance premiums are set to rise in 2014, and a sluggish response from the health fund rebate will leave Australian families out of pocket, according to a November 25 article from the News Limited Network.

11/11/2013 - 4:01pm

About 16 years ago the Medicare Levy Surcharge (MLS) was introduced to encourage Australians with higher incomes to purchase private health insurance where possible, to help reduce demand on the public Medicare system.

What is the Medicare Levy Surcharge?

04/11/2013 - 3:18pm

Uninsured Australians make up 54.4 per cent of the population aged over 14, with 46.8 per cent of this group 'undecided' as to whether they will take up health insurance, according to the Roy Morgan Consumer Single Source Survey.

31/10/2013 - 3:57pm

NIB, Australia's only publicly listed health insurance provider, announced plans to enter the lucrative overseas medical tourism market at the annual shareholders meeting in Newcastle on October 29.

Medical tourism involves patients travelling overseas to receive surgery and treatments, often at lower prices than are available in Australia.

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