The latest consumer data results released today (April 30) has revealed that Australians are paying more for medical and health services.
According to the Australian Bureau of Statistics' Consumer Price Index (CPI) results for March, the cost of pharmaceutical products rose by 14.1 per cent in the three-month period.
While food, education and rent were all among the rising household costs recorded, the price of medical and hospital services also increased by 2.1 per cent.
This jump in expenses may lead some Australians to re-evaluate their family budget and consider where they might be able to save money.
One option may be comparing health insurance products to find a policy that better suits your family's needs.
Health insurance providers offer rebates for many health and medical costs, such as dental and optical, as well as pharmaceutical prescriptions and physiotherapy.
A specialised health insurance consultant can offer advice on the most appropriate cover for your needs and budget, helping to reduce your monthly household costs.
Families may also be prompted to assess their health insurance policies after the recent rise in premiums.