Private health funds are raising their premiums by an average 2.92% on April 1 2020.
Though it’s set to be the lowest hike in 19 years, it will still add $103.50 to the average family policy, and around $35.35 to a single’s policy.¹
But there’s a key piece of information that your health fund might not want you to know.
Not all funds will pass on these higher costs to their customers. In 2019 some policies increased by only 1.64% while others skyrocketed by a staggering 5.91%.
Yet most Aussies will simply absorb this extra cost, never knowing how easy it is to start paying less.
We believe Australians deserve better value from their health insurance.
That’s why we’re committed to making finding affordable health cover quick, simple and effective.
By comparing with us Aussies were able to save an average of $356.70 on their yearly premiums last year alone, and families with health insurance were able to save $600.31.²
If you’re surprised at just how easy it is to overpay for health insurance, you’ll be amazed at how easy it is to join the thousands of clever Aussies who are already paying less for the premiums.
Here’s how you do it:
Step 1: Select your current life stage below.
Step 2: Once you select your preferred coverage options, you will have the opportunity to compare quotes from multiple health funds.
You can experiment with funds, as well as levels and types of cover to find a policy you want at a price you’re happy to pay.
This helps you make an informed choice about your health cover so you know that you’re only paying for what you actually need.
We’ve found that older Australians are especially vulnerable to falling victim to the common health insurance traps like staying on an outdated policy, being talked into a higher level of cover and fund loyalty incentives.
Because Australians are responsible for monitoring their own insurance, over the years these simple mistakes can mean thousands of dollars down the drain.
That’s why our team of friendly advisers are available to answer any questions you may have and assist you in the comparison process.
With their help it’s never been easier to understand what you’re paying and why.
You can compare your current level of cover to similar policies and see exactly what you could be saving, all at no cost or obligation to you.
Since launching, thousands of happy Aussies have already jumped on board.
Almost half a million Aussies chose HealthInsuranceComparison.com.au to help them compare health cover last year, citing saving money as their number one reason for using the site.
You can join them with just a few clicks. Hurry! Your health cover savings are just minutes away.
Get started now:
Step 1: Select your state below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.
This article is opinion only and should not be taken as medical or financial advice. Check with a financial professional before making any decisions.