Health Insurance News

Your employees are the greatest asset to your company. Their skills and expertise are what give your business strategy depth and value. By protecting their health and well-being, you are also prioritising the priceless resource that keeps your business in motion and allows you to meet your bottom line.

Physical and mental wellness is essential for employees to perform at their best. Without the right resources and opportunities to rejuvenate their overall health, workers may have to take time off to get back to a good place. Or, they might feel obligated to work while feeling down, which could severely impact their productivity levels and overall satisfaction of life in the workplace.

We are living in unprecedented times. The COVID-19 pandemic has shaken our modern world to its core; from creating the new normal of work-from-home policies to avoiding any public place besides the grocery store, today's living conditions are ones we never thought we'd be forced to see in our lifetime.

Every year, Australian health insurance rates can increase but 2020 will see the lowest average increase to premiums within the field in 19 years.

The past two decades have seen health cover premiums go up anywhere from 3.25% to 6.2% per year. This year, the request from the industry was for a 3.52% rise, but the final government-approved increase came in at just 2.92%. The increase will go into effect 1 April 2020.