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...
The Australian Medical Association (AMA), an advocacy group for doctors, says private health insurance no longer provides value for money, and wants the government to overhaul the industry. The association’s annual Private Health Insurance Report Card, released today, found premium prices had doubled over the past 16 years, outstripping health inflation.“Australians are paying more for their...
Increased claim costs are putting health insurers under pressure, new data shows. The latest figures from industry regulator, the Australian Prudential Regulation Authority (APRA), show $5.2 million was paid for hospital treatment claims in the September 2025 quarter – an 8.0% increase compared with the same quarter last year and much higher than the growth in...
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These are the factors which do not impact on your health insurance premium and the price you will ultimately pay: Your age does not affect your health insurance premium. However your age may make you eligible for an Age-based Discount, which will reduce the price you pay for your policy if you are under 30, or...
These are the factors which impact your health insurance price you will ultimately pay. You will pay more for a policy that covers 2 or more adults than you would for a policy that only covers you. However you have the option to stay on your own policy even if you are in a relationship or...
There are 3 steps to find your cheapest health insurance price and it is important to understand how each step impacts the price you pay. Steps to calculating your cheapest health insurance Impact on premium Step 1 Calculate new policy Government-approved premium Compare existing policy Government-approved premium Step 2 Calculate Government Rebate Decreases your health...
In this Guide, we provide an overview of what affects the final price you may pay for private health insurance and also answer your common questions about the cost of health insurance. This Guide explains:
A Private Health Insurance Statement is a document you may need to complete your tax return.It is different from a Private Health Information Statement (PHIS), which contains information about your Hospital Cover or Extras Cover and private health insurance premiums. The Private Health Insurance Statement helps you complete the section of the tax return that determines...
It is easy to cancel your private health insurance.You can cancel at any time and your health insurer is obliged to refund any contributions you have made in advance.Usually, you do not need to contact your insurer to cancel your policy – your new insurer will take care of the cancellation process for you. However...
Transferring to a different health insurer is easy.Take these 4 steps:
If you are unhappy with your private health insurance or have an issue with your health insurer, take these 4 steps: