Tag: Switching Health Insurance Australia
Private Health Insurance Price Hikes: Why Your New Plan Costs More Than Expected
The cost of premiums is increasing due to loopholes in the private health care sector, and the cost of hospital insurance is rising. November is when private health insurance providers need to lodge their plans for premium rate increases in 2026, but not all companies follow regulations. For instance, funds seeking to make adjustments in […]
Health Insurance at a Crossroads: Is Cancellation the Right Move?
The global economy is not in recession, but it can be said without any reservation that volatility in finances has become the new norm these days. Many Aussies are experiencing the effects of inflation as a result of sky-rocketing prices of commodities, energy costs and many more issues. Alongside all this economic turmoil, the escalation […]
Smarter Health Insurance in a Cost-Crunch Economy
In today’s economic climate, many Australians are feeling the pinch-from increased grocery bills to higher mortgage repayments. When every dollar is counted, discretionary spending is hard to resist and for a few, Smarter health insurance gets the axe. But hold your cancellation button, because these are the reasons why maintaining your cover and keeping it […]
Switch & Compare Health Insurance Without Losing Waiting Periods
Most Aussies think they overpay for health insurance but still stick with their current policies. Why? One big reason is the myth that changing health funds means starting over with new waiting periods. At Utility Market, we hear this concern daily. Thankfully, it’s based on a misunderstanding. The truth is that the government has rules […]
Why Health Insurance Comparison Should Be Part of Your Utility Checklist
When Australians think about comparing utilities, their minds often jump to electricity, internet, or gas. But there’s another essential service many overlook, health insurance. Just like your energy bills and broadband plans, health cover is a recurring cost that can vary widely in value and affordability depending on your provider inclusions and life stage. Embracing […]
Don’t Compare Blindly: 5 Private Health Insurance Pitfalls to Watch Out For
If you have never purchased private health insurance before, the amount of tasks involved in this may seem overwhelming. From the search for the huge variety of policies available in Australia to the understanding of tiers and, of course, to the study of the fine print in the Product Disclosure Statement, which most people skip. […]
How Waiting Periods Work in Private Health Insurance Plans
A waiting period is a certain period of time that you have to complete before making a claim for a specific service under your private health insurance. Awaiting periods may be associated with both the hospital and extras parts of private health insurance, but what differs them is that the Australian government stipulates maximum awaiting […]
Why do private health insurance premiums rise at the start of each financial year?
Private health insurers in Australia are required by law to raise premiums no more than once a year, as stated by the Department of Health, Disability and Ageing. Every year, these insurers need to apply for permission from the Federal Government to increase their premiums, typically before mid-November. After being granted permission, such increases can […]
Don’t Overpay: 5 Simple Tips to Compare Health Insurance Plans in Australia
Looking for health insurance comparison tips in Australia? You’re not alone! Comparing health insurance plans for Australians is becoming increasingly popular each year, as more people look to compare private health insurance Australia options and find better value cover. Selecting the right health cover may prove tricky at times, considering the large number of funds, […]
