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Health Insurance News

09/03/2018 - 8:34am

Employee turnover is expensive - more so than you'd think. In fact, a business of 50 employees can expect a turnover of roughly 10 staff per year, according to estimates from Harrison Human Resources. They also stated that the costs of hiring and retraining, as well as loss of productivity for replacing one employee could cost as much as their yearly salary. 

26/02/2018 - 9:24am

On February 19 it was announced that the two largest not-for-profit health funds in Australia, HBF and HCF, were in talks to complete a merger. This momentous agreement could change the country's health insurance landscape and fundamentally shift the market position of these two funds.

With that in mind, what are the details of the health fund merger and what exactly could it mean for health insurance customers?

21/02/2018 - 10:04am

The Australian Taxation Office (ATO) will soon investigate more than 20 million international visa holders and foreign students, according to a recent media release from the organisation. Over the next three years they'll use data-matching techniques to identify tax avoidance, superannuation non-compliance and other related incidences.

19/02/2018 - 9:06am

The Labour party has come out swinging at health insurance funds. They called yearly premium increases aggressive and claimed health funds made billions in profit every year. Firstly, Australian Prudential Regulation Authority statistics put total profits of all health funds at just over $1.2 billion. Secondly, premium increases aren't an aggressive move to increase profit - they're quite the opposite.

07/02/2018 - 8:56am

Basic cover is an essential part of the complex private health insurance market, and a product of high value to those who use it. Despite that fact, it has come under fire in the media recently with some industry commentators questioning it's value.

With that in mind, let's have a closer look at why the market needs basic health insurance, and why so many customers value it.

24/01/2018 - 3:01pm

Building an efficient corporate health insurance plan for your employees can appear challenging at first, but it doesn't have to be. You just need to know where to begin. To understand where you should get started improving your corporate health plan, you need to conduct an audit.

12/01/2018 - 9:30am

In just a couple of months, some 13 million Australians are going to be looking at their private health insurance premiums to decide what cover they want moving forward. Insurance providers have been spending the later part of last year working out their insurance premium proposals to get approved by the Australian government. You may also know that these premiums are set to take affect on April 1, 2018.

12/01/2018 - 9:30am

Planning for the future is never easy, but if you have the right tools in place, it can make weathering any periods of uncertainty a little smoother. Those tools, are of course, your talented employees! However, obtaining and retaining top talent is easier said than done these days. 

15/12/2017 - 8:44am

There are over 2 million businesses in Australia and over 90 per cent of these are non-employing, micro or small businesses, Treasury data shows. And these fast moving, small organisations are driven by their most valuable asset - their people. 

13/12/2017 - 3:40pm

People between the ages of 20 and 29 are the least likely to hold a health insurance policy for both hospital and general treatment, Australian Prudential Regulation Authority data shows. Plus, over the September quarter, almost 9,000 Australians aged from 25 to 29 dropped their cover (the largest decrease of any age group).

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