Australians with private health insurance will copy a new cost of living coup when premiums increase today.
Although the costs will increase by an average of 3.73 percent, the data of the Australian government reveal that some of the 35 insurers of the nation are hitting their customers with much higher walks, while others have housed lower increases, or none.
The 9News finance editor, Effie Zahos, warns that some insurers could be reaching the insured more than double this amount.
In the upper part of this year is the non -profit police health, whose premiums are increasing by an average of 9.56 percent, much more than any other company.
Zahos said that his own HCF premium is about to increase by 7.85 percent and found a way to save some cash before this walk begins to hurt his hip pocket.
HCF offers six free weeks for new customers and Zahos tried luck.
“I called and asked for the same deal, and guess what?”
“A call saved me $ 588. It is worth verifying if you can do the same.
Insurers can offer customers about existing policies a reduction of 12 percent premiums each year.
Zahos says that insured can also save several other ways, including the degradation of their policy, increase their excess, change or stay and simply attribute a call.
You can verify how much your health insurance provider is raising premiums in the table below.
Police health is followed by a group of three insurers with increases of between 5 % and 6 percent: NIB (5.79 percent) and BUPA (5.1 percent), which represent more than half of the private health market of Australia among them, as well as AIA (5.7 percent).
The main HCF and Medibank marks are not far away, with 4.95 and 3.99 percent walks respectively.
On the other hand, HIF has the smallest increase in 1.91 percent, while 11 insurers have presented an increase of between 2 % and 3 percent, including HBF (2.8 percent), GMHBA (2.44 percent) and teachers’ health (2.94 percent).
Private health insurance premiums increase once a year, but must be approved by the Federal Minister of Health.
The average increase of this year of 3.73 percent is the highest since 2018, but Health Minister Mark Butler said the insurers had presented for higher increases.
“In December, I wrote to each of the 29 insurers asking to sharpen their pencils and provide us with an increase that was more in the interest of its members,” he said.
“Based on the forwards, I was not prepared to mark and move their applicants and, instead, I asked them to subscribe again.”
Around 15 million Australians are currently covered by a private health insurance policy.
