Health Insurance News

Expanding your company overseas is one of the most exciting moments in the career of anyone in business. 

However, sending your staff to work in other countries presents some unique challenges - most importantly keeping them safe. 

This article will provide you with vital information on providing private health insurance for Australian expat employees, and how to avoid common pitfalls.

The forthcoming round of premium increase applications is likely to be among the most complex insurers have ever made. 

This is mainly due to the wide-ranging private health insurance reforms package announced in October 2017 that aims to make private health cover more affordable and less complex for Australians. However, in order to permit a smooth transition, insurers need to plan ahead.

Here's what you need to know:

The rising cost of private health insurance in Australia is hardly breaking news. Between 2014 and 2018, premiums increased by 29%, based on the industry weighted increases provided by the Australian Government Department of Health over that period, in a pattern that stretches back more than a decade.

From April 1st 2018, premiums for private health insurance increased by an average of 3.95 per cent in a trend that's becoming familiar to Australians who keep up with the news.