Did you know that we’re about to be hit by the biggest health insurance increase in more than seven years?
On April 1, 2025, health insurers are set to raise premiums once again, with the average annual increase going up 3.73% on April 1, 2025.
Some insurers, like AIA, Bupa and NIB are going up by more than 5%, while Police Health is rocketing up by a huge 9.56%.
Yes, the actual premium change differs between health funds and their individual policies, which isn’t such great news for our hip pockets.
At Your Money & Your Life, we constantly hear from readers and viewers that health insurance is one areas that feels needlessly complicated areas, making it virtually impossible for the consumer to untangle and sort out. It’s like comparing apples with oranges – you get this, you don’t get that. Your excess is this, your extras cover that.
But we are not powerless when that renewal letter lands in our inboxes. As consumers, we have the power to be savvy and shop around.
There’s a lot you can do to get a better deal – and we’re going to provide you with the tips and tricks you need to know to get a better deal for you and your loved ones.
Join Your Money & Your Life’s David Koch at 1PM (AEDT) on Tuesday 11 March for our live online Q&A on Facebook: How To Beat The Health Insurance Price Hike: Live Q&A with David Koch and Stuart Omodei. Register now.
We’ve partnered with Compare the Market to give you a crash course in health insurance and how to understand your policies better as prices go up. Bring your burning questions for our experts
THE EXPERTS:
- David Koch is the host of Your Money & Your Life TV series on the Seven Network, publisher of the weekly My Money Digest newsletter, and the economic director at Compare the Market.
- Stuart Omodei is the Head of Health Insurance at Compare the Market. Stuart has worked in the private health insurance industry for more than 10 years, and serves as a Board Member of Private Health Insurance Intermediaries Association (PHIIA).
DATE: 1PM (AEDT) TUESDAY 11 MARCH
RSVP: Hit ‘Going’ on the Facebook event page and we’ll see you there.
On the day, you can watch on Facebook, our YouTube livestream or Compare the Market AU’s TikTok.
Got a specific question for our experts to answer? Email us at [email protected]. We can keep your questions anonymous if you would prefer.
This event is brought to you by Your Money & Your Life and Compare the Market. Compare health insurance today at Compare the Market’s website.
