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Over 55's are being hit by larger-than-average premium increases

Over 55's are being hit by larger-than-average premium increases

New evidence suggests the Over-50s are once again getting bigger premium increases than the general population as the April 1 deadline approaches for Health Insurance price rises.  The national average increase might be 4.8%, but a new FiftyUp Club poll of 500 people revealed: 65% of us will face a health premium rise greater than 5 per cent 45% are planning on dropping or downgradin... read more>
How can an 82yo afford a 13% premium increase?

How can an 82yo afford a 13% premium increase?

With health insurance premiums set to rise by an average of 4.84% from April 1, the government says the increase will cost the average couple or family about $200 extra per year. But imagine my surprise when I received a notification from my 82 year old mother’s health fund saying her premium was going up 13%! Health Funds argue that they do not discriminate against older consumers but co... read more>
Hospital waiting times still a shocker

Hospital waiting times still a shocker

One of the main reasons our members take out Private Health Insurance is their fear of public hospital waiting times. Take for example a recent report that said over 2200 people in NSW alone died on the waiting list for elective surgery in the 2015-16 period. More than half of these patients had been waiting more than 55 days, which is 18 days greater than the Australian average! Up to 10... read more>
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 av... read more>
Health Premium Increases: How does your fund compare?

Health Premium Increases: How does your fund compare?

Health Minister Greg Hunt has approved federal government plans to increase health premiums by 4.84 per cent, that will add an average $200 a year to the cost of family cover.  The latest increase comes as private health coverage is going backwards for the first time in 15 years, with 1 in 5 policyholders reportedly considering dropping or downgrading their cover. The price rise will depend ... read more>