Posted by Michael Wonder on 16 Jan 2019
The slow death of our health insurance system
16 January 2019 - Attention, please, all those out there among the 44.9% (and sliding) of Australians with private health insurance.
You should immediately call or fire off an email to your insurer asking what benefits may be axed from (or added to) your hospital or extras cover after April 1, and what the impact will be on your premium in dollar terms. (This is so you’ve got a fighting chance of working out whether the value for money of your policy has improved or not.) You should also ask about the size of this year’s annual premium hike — separate and apart from any premium changes associated with your benefits being reformed.
I’ll wager a lot of us will be hit with increases higher than the 3.25% touted last month by Minster for Health Fund Profits, Greg Hunt.
