There's just one day left before the federal government begins means testing its 30 per cent private health insurance rebate, but the latest survey results reveal many Australians who will be affected by the policy are adopting a '"sit tight and she’ll be right" approach.
According to a Galaxy Poll released today (June 29), almost 45 per cent of Australians who fall under the income thresholds that will see the rebate reduced are planning to stay with their current health cover policy.
The survey also found more than 20 per cent were still unsure as to whether they will downgrade their policy, swap to a different provider or continue with their current arrangements.
From July 1, singles earning more than $84,000 and couples year earning over $168,000 a year are set to experience changes to their private health insurance rebate.
The rebate is being reduced by increments of 10 per cent, meaning that many Australians will be paying more for their policies.
Some policyholders may be prompted to compare health insurance plans, and discover where they can minimise costs without having to reduce their level of health cover.
A specialised health insurance broker can offer assistance in helping you find the policy that best suits your needs and budget once the rebate changes are implemented.