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March 2020 News

25/03/2020 - 3:49pm

There may be periods in your life when working isn't possible. You could be forced to take an extended unpaid leave to care for an ill family member, or take maternity leave to care for a new baby. If your employer provides access to or subsidises private health cover for employees, you may wonder, "Is my corporate health insurance policy still valid if I'm not working?"

The answer depends on a multitude of factors.

25/03/2020 - 11:20am

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.