Best Health Insurance with low Premium

Ministry of Health - Lowest premium adjustment in 17 years for privately funded health insurance

The health insurance companies will have an annual increase in premiums of 3.95 percent as of April 1, 2018. As of April 1, a lone individual will be paying an additional $1.40 per additional weekly wage on an average, while a family will be paying an additional $2.75 per additional weekly wage on an additional $2.75 for their personal health insurance.

Over 13 million Australians have privately health insurance and it is important that insurance coverage is affordably priced. The extensive privately financed health insurance reform we already introduced in October last year has already had an effect and will further reduce our expenses. Each and every $1.1 billion in prosthesis list replacement cost saved will be transferred to the consumer, which has already led to this lower premium adjustment this year.

Clearly â" this reforms alone will save Australians $1.1 billion with privately funded health insurance. In addition, we invest around $6.4 billion a year in the discount for our personal health insurance to keep our premium rates reasonable. It is in sharp contradiction to Laborâ's plans to cut back on political decisions and raise bonuses by around 16 percent â" which makes it prohibitively expensive for many Aussie people.

Labour hate personal health insurance. That would be a catastrophe for the health system and for every Australian inpatient. In the context of the reform measures heralded at the end of last year, we intend to streamline our health insurance system by obliging insurance companies to classify our insurance premiums in the gold/silver/bronze/basic categories. Those amendments also necessitate insurance companies to use standardized treatment definition to clarify what is and is not included in their insurance coverage.

We encourage younger Australians to take out personal health insurance by permitting insurance companies to reduce premium rates for 18-29 year-olds by up to 10 percent. Persons with full health insurance that does not provide full coverage for the care of psychiatric disorders can update their coverage and have one-off recourse to psychiatric health care without having to wait.

That will significantly increase the value of privately funded health insurance for many individuals. In order to assist Australians in local and countryside areas, insurance companies may provide travelling and lodging services to those in local and countryside areas who need to go for medical care. In Australia there are 37 privately funded health insurance companies and I am encouraging the consumer to look around to get the best deals for themselves and their family.

Health insurance â " commission-free â" is available on-line on the personal health website.