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Health Insurance News

25/10/2018 - 1:36pm

The forthcoming round of premium increase applications is likely to be among the most complex insurers have ever made. 

This is mainly due to the wide-ranging private health insurance reforms package announced in October 2017 that aims to make private health cover more affordable and less complex for Australians. However, in order to permit a smooth transition, insurers need to plan ahead.

Here's what you need to know:

23/10/2018 - 8:42am

From Spotify to Netflix, we love the control that comes with the digital age - today personalisation is everything. But how could this extend to corporate health insurance provision? 

Mike Serbinis, CEO of the hugely successful online employee benefits platform League, believes the future of employer provided health insurance lies firmly with preventative, highly individualised cover.

16/10/2018 - 8:35am

The rising cost of private health insurance in Australia is hardly breaking news. Between 2014 and 2018, premiums increased by 29%, based on the industry weighted increases provided by the Australian Government Department of Health over that period, in a pattern that stretches back more than a decade.

05/10/2018 - 9:45am

At first glance the world of private health insurance can be confusing. There's a lot of jargon and a wide range of funds and products to choose from, and the pressure to get it right is even higher if you're an employer looking to invest in health insurance for the benefit of your employees.

31/08/2018 - 3:37pm

From April 1st 2018, premiums for private health insurance increased by an average of 3.95 per cent in a trend that's becoming familiar to Australians who keep up with the news.

05/06/2018 - 1:47pm

A good corporate health insurance plan demonstrates to current and prospective employees that you value their well-being and see them as more than just an asset. It also offers significant benefits to employers that can both affect a company's bottom line for the better, and create a strong workplace culture. Here are some of the top benefits of a corporate health insurance policy.

07/05/2018 - 5:58pm

Private health insurance gives consumers more freedom when it comes to health care. As of 31 December 2017, 45.6 per cent of the Australian population were covered by hospital treatment insurance, according to the Australian Prudential Regulation Authority (APRA). The APRA quarterly report shows that health insurance funds are returning the highest percentage of the premium back to members of all insurance types.

12/04/2018 - 5:01pm

According to the World Health Organisation, depression is the leading cause of disability worldwide, and in order for people who experience such mental health disorders to receive an accurate diagnosis and the right treatment, prompt access to specialists is paramount. Recent research in Australia, however, has indicated that underfunding has led to extended wait times and a shortage of highly skilled mental health practitioners.

29/03/2018 - 2:16pm

The switch from the 457 visa to the new Temporary Skill Shortage (TSS) visa (subclass 482) has now taken effect. Some key clauses when it comes to the new visa have changed, however as with the 457 visa, holders and applicants of the TSS visa are required to have adequate health insurance under condition 8501.

09/03/2018 - 8:34am

Employee turnover is expensive - more so than you'd think. In fact, a business of 50 employees can expect a turnover of roughly 10 staff per year, according to estimates from Harrison Human Resources. They also stated that the costs of hiring and retraining, as well as loss of productivity for replacing one employee could cost as much as their yearly salary. 

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