Premiums are set to change on 1 October
Every year, health funds across Australia review their premiums to keep pace with the rising cost of health care, the ageing population and increase in chronic conditions. Premiums reflect the 1.3 million hospital admissions and more than 500,000 surgical procedures that we supported last year, and the benefits we paid towards more than 24 million Extras services.
Premiums are calculated by looking at the benefits we’ve paid against each product in the past as well as what we think we’ll pay in the future. Your specific premium change depends on several factors, such as the state you live in, the type of cover you’re on, and the general claiming pattern of members.
If you’re on overseas health cover (such as Overseas Visitors or Working Visa health cover) your premiums are worked out differently. Find out more here.
If you’d like to know more about health cover premiums, plus some tips to help you make the most of your current cover, visit our health cover premium page.