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Private Health System News

16/01/2019 - 1:30pm

This year's private health insurance premium increase will be the lowest in 18 years.

For consumers this is great news, but knowing where to look to find real savings isn't always straight forward. This article will examine the reasons behind the annual premium rise, explain why this year's is comparatively small, and show you why 2019 is the perfect year to invest in a private health insurance policy.

13/12/2018 - 9:12am

Is there anything more important than your health?

Among the many resolutions you'll make for this New Year, there's one you need to stick to - getting clued up on private health insurance

The combination of government reforms and premium increases means that 2019 will be a year of great change in the world of private health. Here's what to expect from the next 12 months.

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:

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.

19/02/2018 - 9:06am

The Labour party has come out swinging at health insurance funds. They called yearly premium increases aggressive and claimed health funds made billions in profit every year. Firstly, Australian Prudential Regulation Authority statistics put total profits of all health funds at just over $1.2 billion. Secondly, premium increases aren't an aggressive move to increase profit - they're quite the opposite.

07/02/2018 - 8:56am

Basic cover is an essential part of the complex private health insurance market, and a product of high value to those who use it. Despite that fact, it has come under fire in the media recently with some industry commentators questioning it's value.

With that in mind, let's have a closer look at why the market needs basic health insurance, and why so many customers value it.

12/01/2018 - 9:30am

In just a couple of months, some 13 million Australians are going to be looking at their private health insurance premiums to decide what cover they want moving forward. Insurance providers have been spending the later part of last year working out their insurance premium proposals to get approved by the Australian government. You may also know that these premiums are set to take affect on April 1, 2018.

13/12/2017 - 3:40pm

People between the ages of 20 and 29 are the least likely to hold a health insurance policy for both hospital and general treatment, Australian Prudential Regulation Authority data shows. Plus, over the September quarter, almost 9,000 Australians aged from 25 to 29 dropped their cover (the largest decrease of any age group).

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