Skip to Content

October 2010 News

20/10/2010 - 12:00am

In the recently released September quarterly statistical report of the Private Health Insurance Administrative Council 10,064,043 people, or 44.8% of the population, were covered by hospital treatment cover. This is the first time there has ever been more than 10 million people in Australia with hospital insurance since the introduction of Medicare.

Surprisingly, 11,647,801 people or 51.8% of the population had some form of general treatment cover. General treatment pays benefits for things like dental, optical, physiotherapy, orthotics, hearing aids and natural therapies.

15/10/2010 - 12:00am

In the September quarter 5,162 people had their Lifetime Health Cover loading removed, after ten years of paying a loading. The Federal Government changed the rules last year to remove the LHC loading after paying the premium loading for 10 years. This can result in a significant reduction to the amount people are paying their health fund.

You may have to apply to your health fund to have the loading removed if you have switched funds a number of times over the last 10 years. If you require any further information or assistance contact HICA on 1300 44 22 01.