Posted by Michael Wonder on 11 Sep 2018
Health fund reforms: Parliament passes drastic changes, here is what they mean
11 September 2018 - Health funds will be able to close down your health fund policy and shift you to a new policy under major reforms approved by parliament that will take effect next April.
And some families will have to pay the first $1,500 of their private hospital bills before their insurer will provide a rebate under changes to control annual premium rises by allowing funds to charge a higher excess payment when you use your cover.
Young people aged under 30 will be eligible for discounts on health fund premiums of up to 10 per cent under other changes designed to turn around the exodus from private health insurance fuelled by successive premium rises more than twice the inflation rate.
