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At a time when the economic system is sagging and family budgets are being squeezed by excessive inflation and rate of interest hikes, the Government accepted rise in personal medical health insurance premiums on April 1 was the very last thing Australians wanted.
The truth the announcement was delayed till simply three weeks earlier than the will increase flowed via is proof that even the Government is aware of how delicate these premium rises are to the citizens.
If you’re one of many 14.7 million folks lined by personal medical health insurance, you should have simply began to see the rise take impact.
But there are some methods to scale back the ache of those premium will increase.
First of all, perceive the three.03 per cent rise in premiums is a mean — it’s not a blanket rise. Some personal well being insurers have lifted premiums larger, whereas others rolled out decrease will increase. Even inside the well being insurers, some plans have risen greater than others. I’ve heard of some funds notifying purchasers of a ten per cent rise in premiums.