Misunderstanding health insurance policy causes ‘bill shock’
Not understanding exactly what your health insurance policy covers could leave you with ‘bill shock’ later if you need surgery or another significant treatment. A recent ABC story explored the impact of discovering your health insurance doesn’t provide the level of cover you expected. It profiles two Australian women who faced large bills for hip...
Health insurance premiums to rise 3.03% on 1 April
Australians could be paying around 3.03% more for health insurance in 2024 after 1 April. The federal government has approved an average health insurance premium increase of 3.03% –but individual policies may rise or less, depending on the insurer. According to the ABC, the largest government-approved increases were 5.82% for CBHS Corporate Health, followed by...
Insured Australians paying $410 for hospital treatment, new data shows
Australians with health insurance are paying an average of $410.67 out of pocket for hospital treatment, according to the latest industry statistics released by APRA.
Out-of-pocket fees up by 300%, data shows
Out-of-pocket fees for elective in-hospital procedures have increased up to 300% in the past five years, says Private Healthcare Australia.
Health insurance saves the government $1,434 per person
Every Australian who takes out health insurance saves the government around $1,434 a year, a recent report has found.