Here’s how you can beat the double health insurance premium hike

Font Size:

Australians are about to experience a double whammy of health insurance premium increases. Prices already went up on 1 October 2020. Now they’re due to go up again in the first half of 2021.

But it’s not too late to cut your premiums and retain your cover. Switching ahead of April’s planned rate rise means you can still beat health insurers at their own game.

How Much More Am I Paying On My Health Insurance?

This April’s average price hike across the health funds will be 2.74%. But that doesn’t tell the whole story. Combined with the rate rise from October 2020, people who haven’t switched funds could be paying, on average, a whopping 5.66% more*.

So if you’re worried about your premiums going up again it could pay to compare policies and switch to better value cover.

Want to know how much your current fund is increasing their prices by in 2021? Check out our health insurance rate rise calculator to find out. Go on, we’ll wait.

Not pleased with your result? We don’t blame you.

Can I really pay less for the same cover?

Yes. Our experts at Health Insurance Comparison can help you find a better deal from our panel of trusted insurers. We take care of the process from start to finish, including all the paperwork.

In fact, we saved our customers an average of $312^ when they switched to a new insurer in 2020. That helps take the sting out of any annual health insurance premium increases.

Don’t let your health fund hit you with another price hike. It’s time to beat them at their own game and compare with Health Insurance Comparison to find a better deal on your health cover.

*Department of Health, Historical Premium Increases 1997 – 2020.

**Your Life Choices, Have you received a health insurance rate rise notice, September 2020.

^Based on 20,400 customers.

Join YourLifeChoices today
and get this free eBook!

Join
By joining YourLifeChoices you consent that you have read and agree to our Terms & Conditions and Privacy Policy

0 Comments

Total Comments: 0

    FACEBOOK COMMENTS



    SPONSORED LINKS

    continue reading

    Food

    Succulent Spice-Roasted Salmon

    These little salmon bites are something I've made time and time again over the years and this method of roasting...

    Photos

    How to take great pictures of gardens

    If you've never been too good at taking pictures of your beautiful blooms, now's the time to brush up on...

    Aged Care

    Paid on par with cleaners: the broader issue affecting aged care

    Paid on par with cleaners: the broader issue affecting the quality of aged care Ben Farr-Wharton, Edith Cowan University; Matthew...

    Food

    Researchers fear diet produces ‘untoward effects on the heart’

    The keto diet, lauded for its purported fat-burning capabilities, could be bad for your heart, according to new research. The...

    COVID-19

    Vaccine overdose cases raise questions over doctor training

    Australia's vaccine rollout suffered a major hiccup, with health minister Greg Hunt revealing on Wednesday that two elderly residents at...

    Retirement Income

    Why middle-income Australians are the big losers in retirement

    Australia's middle-income earners are losing out when it comes to retirement income. That's the view of Mercer's senior partner, David...

    Food

    Nine food and heart health myths busted

    Should you cook with butter or olive oil? Is that drink of red wine protecting your heart? Pink Himalayan salt is healthy, right? There...

    Lifestyle

    What to do if your diesel car runs out of fuel

    Surely, we've all had those niggling thoughts when driving about - whether what we are doing is shortening the lifespan...

    LOADING MORE ARTICLE...