Health insurance regulations mean top-level cover has increasingly become unaffordable for many Australians. That’s the finding in an Actuaries Digital article, which suggests that the 4 tiers – Basic, Bronze, Silver and Gold – should be restructured. The number of Australians with Gold tier policies has dropped from 95% in 2005 to just 30% in 2026, due to younger claimers being concentrated on expensive Gold policies. This means many people do not have access to services such as private maternity cover, assisted reproductive services...
Australians with health cover are paying larger out-of-pocket costs for private treatment than ever, new data shows. The average Gap for private hospital treatment has climbed to $511.02 – an increase of 8.4% from the previous quarter, according to the latest statistics from government regulator APRA (the Australian Prudential Regulation Authority). Average Gaps for Extras Cover have increased to $65.02 – a 3.4% rise. Orthopaedic procedures remain the most expensive when it comes to out-of-pocket costs, with...
The cost of raising children continues to rise, with policies for families among the hardest hit in the latest health insurance premium increases.Analysis by health insurance comparison site healthslips.com.au found increases to Family and Single Parent policies have risen higher than policies that don’t include children.The government announced health insurance premiums would rise by an...
Senior Australians are facing a double whammy of health insurance cost rises, putting extra pressure on wallets during the cost-of-living crisis. Changes to the Private Health Insurance Rebate, coupled with high premium increases to policies that meet health needs of people over 65, mean senior Australians will be hit doubly hard by new health insurance changes. Currently the Private Health Insurance Rebate reduces premiums for people on low incomes by up to 24.288%, with reductions...
Health insurance premiums will increase by an average of 4.41% on 1 April, but some Australians are already experiencing bill shock after finding their policies will increase by as much as 10.74%. In the past few weeks policyholders have been notified by health insurers about their premium rises on 1 April 2026 and in some cases, the increases are significantly higher than 4.41%. Analysis by health insurance comparison...
Out-of-pocket fees for Australians with health insurance have risen, new data shows. Statistics from health insurance industry regulator APRA reveal average Gaps for hospital treatment rose by 7.7% in 2025, from an average of $437.61 to $471.29. Gaps for Extras Cover claims were up 5.6% from an average $59.53 to $62.87. Despite the increased Gaps and the cost-of-living crisis, Australians are holding onto their health insurance policies. There was no change to...
The government has approved a 4.41% average health insurance premium rise for 2026 – the highest increase in 9 years. Every year, health insurers must apply to the Minister for Health and Ageing to raise premiums. Last year’s average increase was 3.73%, while the 2017 average was 4.84%. Policyholders will be advised of their premium change over the coming weeks, with new premiums effective from 1 April. The Private Health Insurance Rebate will also be reduced from 1 April...
Increased out-of-pocket costs for specialists are leading many Australians to delay or cancel specialist care, a recent study has found. A survey of 4,000 people by Private Healthcare Australia – peak body for the health insurance industry – found that 55% of people received a higher specialist bill than expected in the past 3 years, and almost one in 3 people had delayed or cancelled specialist care due to costs. The survey – which included 2,300 people...
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With many Australian households under financial pressure, you might be wondering whether you should ditch your health insurance to save money. Before you take that step, there’s an option you may not have considered: taking a break from your health insurance. It’s a little-known fact that health insurers allow you to hit pause on your policy,...
Whether you’re reading this because the cost of health insurance in Australia has gone up or you just want general advice to save money on health insurance, we’re here to help. We’ve compiled a list of 5 common health insurance mistakes made by Australians…Mistake #1 – setting and forgetting Many Aussies take out a health insurance...
Have you been notified by your health insurer about a premium price rise? The timing is not convenient given we’re in a cost of living crisis, but unfortunately health insurance is one of those expenses that’s likely to change every year, despite what’s happening with the economy. In this article, we explain why health insurance costs...
Whether you want to change health insurance policies due to a price rise, a change in your circumstances or simply because you want a better deal, you’re in the right place. The world of health insurance can seem confusing, but at healthslips.com.au we’ve made it really simple for you to compare health insurance in Australia...
If your household is under financial pressure, you’re not alone. Amid the rising cost of living, many of us are looking for ways to cut spending, including reducing health insurance costs. Of course, one of the best ways to reduce the cost of your health insurance premiums is to look for a cheaper policy – and...
Sorry to be the bearers of bad news, but from 1 April 2025 onwards, you’ll be paying more for health insurance. At a time when many households are under financial pressure, this development is probably not welcome. The good news is, there are some cost-saving options available to you. Let’s look more closely at the health...
For one in six Aussie couples who have trouble conceiving, the road to parenthood can be full of stress and heartbreak. Making matters worse, fertility treatments can be eye-wateringly expensive, putting many couples under financial stress. It’s little wonder many start to consider health insurance that covers fertility treatment.While the cost of fertility treatment varies wildly...
How much time do you spend thinking about your health insurance? If you’re like most Australians, the answer is probably: not a lot. Health insurance tends to be something we purchase then mostly forget about, until we need to use it. But considering how much of your income goes on health insurance, it’s a good...