Private health insurance rates tipped to rise

22/01/2015 - 15:20

Australians with private health insurance could be hit with premium increases of up to 7 per cent from April 1.

Australians with private health insurance could be hit with premium increases of up to 7 per cent from April 1.

That’s in addition to facing a potential $5 co-payment when visiting general practitioners from July.

Insurance, energy and home loan comparison service HelpMeChoose.com.au is urging Australian’s to review their existing health insurance policy ahead of the price rise.

Spokesperson Sarah Cannata said the increases were inevitable and out of people’s control, however the company was working hard to engage with policy holders before the April rise.

“Factors such as the increased use of services and rising care costs all contribute to the yearly price hike,” Ms Cannata said.

There are around 11 million Australians with private health cover.

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