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Why your health insurance premium is creeping up

Article image for Why your health insurance premium is creeping up

Around Australia, the stated average increase in health insurance premiums is around 3.99%.

But many Australians are seeing increases much higher than the average announced by the government.

A change to the government’s private health insurance rebate is partly to blame for the discrepancies.

CEO of Private Healthcare Australia, Dr Rachel David, joins Ross Greenwood.

“Some people do get a shock when they realise their increase is different from what the Minister announces.

“The number that’s announced by the government is an average so some people will pay a lot less and some people will pay more.

“The other thing people need to realise is that the government rebate for low and middle-income earners has been frozen for budget reasons. So that means that what looks like a premium increase… is actually a reduction in the government rebate.”

Click PLAY below for the full interview

Dr David suggests consumers visit privatehealth.gov.au to find out more about their private health insurance premiums.

 

Brooke Corte
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