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Australian private health care is on the rise from Oct.1

Source: xkb.com.au
[Social News]     24 Sep 2020
Some of australia's biggest private health-care companies will raise premiums in a few days, and consumers may not be aware of that. Data from iSelect Australian health care comparison website to Taiwan 9 shows that from October 1, some consumers will have to pay 3.27 percent more premiums.
Australian private health care is on the rise from Oct.1

Since October 1, many Australian insurance companies have raised premiums for private health care. (Photo of Desk 9)

Some of australia's biggest private health-care companies will raise premiums in a few days, and consumers may not be aware of that.

Data from iSelect Australian health care comparison website to Taiwan 9 shows that from October 1, some consumers will have to pay 3.27 percent more premiums.

In general, Australian insurers raised premiums on April 1 each year, but this year, affected by the new crown epidemic, some have delayed adjusting premiums for at least six months.

The data show that only five insurance companies across Australia will not increase their prices this year, with HIF and MyOwn Health,, the two companies, raising premiums by 5.58 percent and 5.63 percent respectively from October 1.

Of large insurance companies, HCF、Frank and GMHBA have the greatest impact on customers.

The premium increase comes as Australians face increasing economic pressure and Australia is officially in a economic recession for the first time in 29 years.

As a result of the new crown pandemic, many states and territories have also suspended non-emergency surgery, which means some Australians can not use private health care that they have been paying.

Some of the good news for Australians receiving federal government JobSeeker and JobKeeper subsidies is that Bupa and NIB will not raise their premiums for the time being.

Medibank and AHM both said they would allow recipients of JobKeeper or JobSeeker to apply for a further half of the premium for at least six months after 1 October.

But the federal government will slash both subsidies from friday to urge people to return to work, which means many millions of australians will not be eligible and will therefore have trouble enjoying the benefits of insurance companies.

Australian private health care is on the rise from Oct.1

Australian health care is usually up in April of each year. (Photo of Desk 9)


How does your premium change?

  • The Medibank: rose 3.27 percent, and customers who receive JobKeeper or JobSeeker, can apply to halve the premium by six months
  • Bupa: increase 3.26%, customers can be exempted from 6 months' premium if they receive JobKeeper or JobSeeker,
  • HCF: 3.9 per cent
  • The NIB: rose 2.9% and the client was exempted from paying a six-month premium if he received JobKeeper or JobSeeker,
  • All clients' premiums will remain unchanged until March 31, HBF: 2021 yea
  • The AHM: rose 3.27 percent, and customers who receive JobKeeper or JobSeeker, can apply to halve the premium by six months
  • Australian Unity: increase 2.79 per cent
  • Frank: 3.34 per cent
  • GMHBA: 3.34 per cent
  • All clients' premiums will remain unchanged until March 31, HBF: 2021 yea
  • AIA: No price increases
  • Health.com.au: At least until December 31,2020, there will be no change in premiums for all customers
  • TUH: at least until December 31,2020, there will be no change in premiums for all customers
  • ACA Health Benefits Fund: 3.94 per cent
  • CBHS Corporate Health: increase 2.37 per cent
  • CBHS: 3.91 per cent
  • Hunter Health Insurance: 3.96 per cent
  • CUA: 3.99 per cent
  • Defence Health: increase 3.49 per cent
  • Doctors'Health Fund: increase 3.29 per cent
  • Health Care Insurance: 3.75 per cent
  • HIF: increase by 5.58 per cent
  • Health Partners: increase 2.77 per cent
  • Latrobe Health Services: increase 3.49 per cent
  • Mildura Health Fund: increase 4.68 per cent
  • MyOwn Health Insurance: 5.63 per cent
  • Onemedifund: increase by 2.99 per cent
  • Navy Health: increase 3.49 per cent
  • Nurses &Midwives Health: 3.74 per cent
  • Peoplecare: 3.48 per cent
  • Phoenix Health Fund: 3.10 per cent
  • Police Health: 3.14 per cent
  • Queensland Country Health Fund: 3.56 per cent
  • RT Health: increase 2.91 per cent
  • Reserve Bank Health Society: 3.08 per cent
  • St Luke's Health: increase 2.90%
  • Teachers Health: 3.24 per cent
  • Transport Health: 2.59 per cent
  • Westfund Health Insurance: increase 4.32 per cent

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