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NewsHow does YOUR Health Fund stack up on Premium Increases?
How does YOUR Health Fund stack up on Premium Increases?

How does YOUR Health Fund stack up on Premium Increases?

The national average price rise may be about $200, as we reported last week, but some of us will get much bigger Premium Increases to our Health Insurance on April 1.

Even though the increase was on average 4.84%, it varied between 2.98% and 8.53%.

Your precise price rise will depend on which health fund and policy you hold, but we’ve outlined the full list of funds and their fund-wide averages to give you a bit more info about how YOUR Health Fun compares to others.

Here's where your fund sits compared to the others (but be sure to check your own increase, as these are also just averages):

Insurer 2017 increase
   
health.com.au Pty Ltd 8.53
Health Insurance Fund of Australia Ltd 7.99
Queensland Teachers’ Union Health Fund Ltd 7.3
Cessnock District Health Benefits Fund Ltd 6.57
Health Care Insurance Ltd 6.06
HBF Health Ltd 5.96
Mildura District Hospital Fund Ltd 5.95
Phoenix Health Fund Ltd 5.93
Railway & Transport Health Fund Ltd 5.54
Defence Health Ltd 5.51
National Health Benefits Australia Pty Ltd 5.41
Queensland Country Health Fund Ltd 5.15
Health Partners Ltd 5.1
Peoplecare Health Ltd  5.09
Reserve Bank Health Society Ltd 5
St Luke's Medical and Hospital Benefits Association Ltd 4.99
CUA Health Ltd 4.97
Teachers Federation Health Ltd 4.96
Westfund Ltd 4.96
GMHBA Ltd 4.94
Navy Health Ltd 4.94
Transport Health Pty Ltd 4.93
Bupa HI Pty Ltd 4.9
INDUSTRY WEIGHTED AVERAGE 4.84
ACA Health Benefits Fund Ltd 4.7
Police Health Ltd  4.63
Medibank Private Ltd 4.6
Latrobe Health Services Ltd 4.49
NIB Health Funds Ltd 4.48
Australian Unity Health Ltd 4.46
Grand United Corporate Health Ltd 4.11
HCF 3.65
Doctors' Health Fund Pty Ltd, The 3.54
CBHS Health Fund Ltd 3.29
CBHS Corporate Health Pty Ltd 2.98

Don't just accept the increase! The FiftyUp Club has over 240,000 members, so we are able to negotiate a members offer on Health Insurance with the country's biggest not-for-profit Health Fund. Join the Club for free to get a quick quote on the offer here.

 

Originally posted on .

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How does YOUR Fund stack up on Premium Increases?

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Caroline
Caroline from VIC commented:

Ahm are slugging us 8%, told them we will move and they said go ahead 

johanna
johanna from NSW commented:

very happy with my CBHS healthfund increase (second lowest) 

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