Australia’s private health insurance and insurance products industry is a baffling and confusing minefield, where many pay through the nose for next to nothing.... Read More...
With elective surgeries, most dental procedures and many hands-on medical treatments such as physiotherapy, chiropractic and massage therapy drastically reduced... Read More...
Four of Australia’s biggest health insurers, Medibank, HCF, Bupa and NIB have scrapped plans to increase premiums on 1 April in light of many facing financial h... Read More...
With private health insurers set to increase premiums by an average 3.95 per cent from April 1, many are now asking the obvious question: “Is it worth it?”
... Read More...
It has been billed as the biggest health care shake-up in 15 years.
With health fund membership falling by about 10,000 people a month because of high premium... Read More...
Australia’s private health insurance and insurance products industry is a baffling and confusing minefield, where many pay through the nose for next to nothing.... Read More...
There are several reasons why private health insurance premiums rise every year on April 1 and there’s not much you as the consumer can do about any of them.
B... Read More...
If you have private health insurance, are you getting value for money?
Given that insurance is usually only used when things go wrong, it’s a difficult questio... Read More...
WHAT DO WE ACTUALLY USE IT FOR?
In the year ending March 2015, private health insurance funds paid over $17.6 billion for treatments including;
$13 billion of hospital treatments ($8 billion in private hospitals)
$4.5 billion of ‘extras’ health services including; $2.3b for dental, $778m for optical, $377m for physiotherapy, $287m for chiropractic, and $174 million for natural therapies.
MORE AND MORE OF US ARE GOING PRIVATE
Back in 1999, about a third of Australians had private health insurance, but the numbers have steadily increased since then.
Now, just under half of us have private hospital cover (47.3% according to the latest figures*) and just over half have private extras, or ‘ancillary’ cover (55.6%).
* As of March 2015 according to the Private Health Insurance Administration Council.
