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Private Health Insurance Rebate News

05/07/2019 - 9:54am

If you've never had a serious injury or illness, it can be tempting to think that private health insurance is something for other people. Don't make that mistake.

In this article, we'll demonstrate the downsides of forgoing this vital cover. These include potentially paying additional tax, missing out on reduced premiums and sacrificing the opportunity for quicker medical care should you need it.

07/05/2018 - 5:58pm

Private health insurance gives consumers more freedom when it comes to health care. As of 31 December 2017, 45.6 per cent of the Australian population were covered by hospital treatment insurance, according to the Australian Prudential Regulation Authority (APRA). The APRA quarterly report shows that health insurance funds are returning the highest percentage of the premium back to members of all insurance types.

27/11/2017 - 1:10pm

The average Australian health insurance premium has increased by between 4.8 and 6.2 per cent every year since 2010, Department of Health data shows. While the vast majority of consumers still see great value in their health insurance, it's understandable that some are put off by these continuous price increases.

05/10/2017 - 10:12am

The World Health Organisation regularly ranks the equity, efficiency and quality of health systems around the world. In their most recent report, Australia ranked in the top 20 per cent again, above the United States, and even our neighbours across the Tasman. 

28/08/2017 - 2:21pm

Private health insurance has always been a volatile business, with consumers becoming increasingly critical of price increases that happen like clockwork every year. Since 2013 the average price of private health insurance has increased by roughly 23 per cent according to the Australian Prudential Regulation Authority, and that's having a profound effect on coverage levels.

26/06/2017 - 4:36pm

Countless Australians don't concern themselves with private health insurance until they wish they had it. That may be because most believe that Medicare and the public system covers them for ambulance and emergency services as well as specialist care, according to a recent Pureprofile study.

24/05/2017 - 2:19pm

Healthcare affordability should be near the top of any government's priorities. Yet for so long federal budgets haven't focused enough on health insurance and other essentials that bring the cost of care down for everyday Australians. 

20/02/2017 - 11:39am

As of April 1 this year, health insurance premiums will increase across the industry, and government rebates on private health insurance will decrease. A Department of Health (DoH) media release from February 10 states that the average premium increase for 2017 will be 4.84 per cent - the previous lowest since 2010 was 5.06 per cent.

13/02/2017 - 9:24am

If you have used your private health insurance (PHI), you'll understand how valuable it is. In fact, CEO of Private Healthcare Australia Dr Rachel David states that 84 per cent of people with PHI want to keep it, even though the average income of someone with a policy is under $50,000.

27/06/2016 - 11:02am

The Federal Budget for 2016/2017 has been wrapped up already, but the forthcoming federal election promises to put a stone in the shoe of those who think more changes aren't coming. Elections are full of different promises and policies, and if you are concerned for the future costs and efficiency of your health insurance, it's worth while to take a look at what the result could mean for your finances and health. 

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