Private health insurance premiums
Private health insurance premiums will increase by an average of 5.78% from 1 April 2010.
This year’s increase is lower than last year, lower than industry expectations and it is significantly less than the last five years of the Coalition Government where the average increase was 6.63%.
The Government is publishing the individual average premium increases to give consumers further choice and information.
The Federal Government is providing this detail to assist consumers to be more informed and empowered about their private health insurance.
This means that people are able to check and compare the average price rise for their fund, and to compare the relative costs and benefits of their cover.
This is available at http://www.health.gov.au
Consumers will shortly also be able to compare the coverage and costs of individual insurance products with the new premium information at http://www.privatehealth.gov.au
