The government has announced it will investigate health insurers for using a loophole to raise their prices. In December last year, Minister of Health Mark Butler warned health insurers to stop ‘phoenixing’ policies after a Commonwealth Ombudsman report brought the practice to light. By law, health insurers can only raise prices once a year, but...
Most Australians will pay more for health insurance next week due to a reduction in a rebate designed to make health cover cheaper. Cuts to the Private Health Insurance Rebate take effect on April 1 at the same time as most policies are increasing in price by an average of 3.7% – which adds up...
Out-of-pocket payments for Private Health Insurance claims continue to rise, putting more pressure on Australian households during the cost-of-living crisis. New data from Australian Prudential Regulation Authority (APRA), which regulates the health insurance industry, found a 7% increase in Gaps paid for Hospital Cover claims for the quarter finishing December 2024, compared with the same...
Health insurance will increase by an average of 3.7% in April – the highest premium increase since 2018. Every year health insurers are allowed to raise their premiums only once. This year, Minister of Health Mark Butler rejected insurers’ proposed increases (reportedly up to 6%) at least twice before agreeing on an average premium increase...
Australian private health insurers have been criticised for using a loophole to raise the prices of Gold Cover policies. This week the Commonwealth Ombudsman found evidence some insurers have been raising prices through ‘product phoenixing’ – closing existing policies to new customers, and creating almost identical policies at a higher price. As a result, new...
Australians with Private Health Insurance are paying higher out-of-pocket payments for hospital treatment than a year ago, new data shows. The latest statistics from Australian Prudential Regulation Authority (APRA), which regulates the health insurance industry, show out-of-pocket fees for private hospital treatment increased by 8% in the 12 months from October 2023 to September 2024....
If you’ve used health insurance to pay for surgery in a private hospital or clinic, check your bill to make sure you haven’t been charged a Gap incorrectly. That’s the advice from Private Healthcare Australia, the peak body for the health insurance industry, after allegations that some specialists (including surgeons and anaesthetists) have been ‘double...
A ‘health tax’ passed by NSW government last week means NSW residents could face higher premiums for health insurance in 2025. The new legislation means the state government can increase its existing tax on private health insurance if insurers do not agree to pay a higher ‘bed rate’ of $892 for private patients in public...
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In 2022-2023, 7.5 million Australians claimed the Private Health Insurance Rebate and paid $6.7 billion to private health insurers. According to Services Australia, the number of Australians claiming the Private Health Insurance Rebate has increased slightly over the past 3 years. Key indices 2019-2020 2020-2021 2021-2022 2022-2023 Private health insurance memberships registered 6.9 million 7.1...
No. If you are an overseas visitor or overseas student, you are not eligible for the Private Health Insurance Rebate because it is only available on Private Health Insurance for Australian residents. You may have Overseas Visitors Health Cover or Overseas Student Health Cover. Unfortunately, the Private Health Insurance Rebate does not apply to these...
Yes. The amount of your Private Health Insurance Rebate changes each year because: For current rates, please see: How does the Private Health Insurance Rebate work?
There are two ways to claim your Private Health Insurance Rebate:
To calculate your Private Health Insurance Rebate, you can use our healthslips.com.au Calculator. You will need to answer the following questions:
The Private Health Insurance Rebate is calculated based on your: If your income is higher than the income threshold, you may not receive the Private Health Insurance Rebate. To check whether you are eligible for the Private Health Insurance Rebate, use the tables below to find your Rebate. The percentages listed are the rebates you...
In this Guide, we explain the Private Health Insurance Rebate, which is one way the Australian Government encourages you to take out private health insurance. The Rebate can help you save money on your private health insurance, including: This Guide will help you work out whether or not you are eligible for the Private Health...
The Private Health Insurance Rebate, also known as the Government Rebate, is a rebate the Australian Government pays to help cover the cost of your private health insurance. If you are eligible, it is calculated as a percentage of the cost of your health insurance for: