Private health reform and premiums: An insight!
The reforms to private health insurance mean that premium round applications are a bit different this year. Here’s our insight for the uninformed.
What are the benefits of private health insurance?
There are many benefits to private health insurance. It allows you to choose from a wider selection of hospitals, treatment options and specialists. Private health care also offers decreased wait times and peace of mind by helping to pay for treatments in the event of unexpected health issues.
The explanation behind the rising cost of health insurance
Health insurance premiums are are set to increase on April 1 and some industry commentators have taken this chance to criticise health funds, labelling them greedy and the increases excessive. Is this really the case, and what’s driving these premium increases?
Basic cover is essential to the functioning of the health insurance market
Basic health insurance cover has recently garnered considerable media attention, with some commentators questions its value. In response we look at the reason why some consumers prefer basic cover, as well as the essential role it plays in the proper functioning of the health insurance market.
Preparing for 2018’s premium increases
You might be hearing talk about how Australia’s premium increases are going to be at a record low in 2018. But what does this mean for you, and how should you be preparing for it?