No worries Australia
• 新闻首页
• Social News
• Current News
• Economic News
• Immigration News
• Education News
• Life Information
• China News
• International News

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

Source: xkb.com.au
 24 Sep 2020

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


How does your premium change?

*This article does not represent the views of us.

Post a comment

Review(s)

No More

Recommended