Rate Rise Encourages Aussies To Re-evaluate Health Insurance Policies

As if to underline the tough times we're going through, the Federal Government has announced it will allow an average 6.02% increase to the cost of private health insurance cover, bringing more challenges to people already battling the financial gloom. End Quote

(1888PressRelease) March 04, 2009 - At first glance, the average $3 a week increase would seem to be a fair compromise between the Health Funds' need to be in a position to pay claims when they are needed, and the Government's need to limit any increases to the minimum. It also recognizes some of the inescapable truths about health care in general, most significant of which is that our population is ageing, and will need more care through their longer lifespan.

Even though the amount of the increase is not entirely unexpected in the prevailing conditions, it will undoubtedly focus attention on the value offered to individuals and families by Private Health Insurance. Given the range of options available, this is not as straightforward as, say, insuring the car or the house.

"Undoubtedly, many will take the opportunity to re-evaluate their choice of private health cover, and will join the wave of people going online to research, evaluate and choose a level of health cover that represents the most relevant and best value for their particular needs."

David Miller, a principal of moneytime, is an experienced commentator on Australia’s private health insurance industry. Moneytime is the only Australian website that allows people to research, compdare and buy private health insurance online. Eight of Australia’s leading private health insurance brands have joined moneytime’s platform for people to easily survey, compare and purchase the policies that best suit their needs.

About Moneytime
Moneytime offers Australia’s largest selection of private health insurance funds where people can compare, buy and save online. http://www.moneytime.com.au/

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