Every year around March most Australians with private health insurance are notified that their premiums will increase. This year, from 1 April, private health insurance premiums will see an average increase of a little under 3%1. But because this year is unlike any other, some insurers have deferred their 2020 premium changes on some, or all of their plans, for between three and 12 months.
As health funds occasionally change the services on their policies and the benefits they pay, it’s a good idea to regularly review your health insurance and compare it with others to make sure you’re getting the best deal and the right cover for you and your family. Here’s five handy tips to consider:
For more information on private health insurance, visit the Australian Government’s private health insurance website.
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1 https://www1.health.gov.au/internet/main/publishing.nsf/Content/privatehealth-average-premium-round
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