As premiums rise,more Australians are considering self-insurance,setting aside money to cover time off work or unexpected medical bills.
New data reveals how stressed households are grappling with the cost of living crisis caused by inflation and higher interest rates.
The ASX-listed private health insurance company has dubbed the time off as a “gift”.
Australians with health insurance are being reminded to shop around following a long-awaited rise in premiums this month.
Despite younger,health-conscious customers helping keep claims under control,Australia’s largest private health insurers are split on the need for a big hike in premiums this year.
Changes to health insurance income thresholds,the first in eight years,take effect from July 1.
My generation is often stereotyped to be wasting money,but there’s little understanding of the financial costs of young people’s mental health.
Managing director Mark Fitzgibbon agrees there needs to be a focus on making the insurance scheme effective and sustainable.
Shopping around for health insurance and taking advantage of a better deal can shave hundreds of dollars a year off premiums.
Your health fund should be helping,not hindering you. And it may prove priceless.
Private health insurers are giving money to members with one hand while taking it back with the other.