Almost 14 million Australians with private health insurance will face a price hike come April 1 – the second in just six months. The federal government will also decrease its rebate slightly from 25.059 per cent for under 65s on the base tier to 24.608 per cent on April 1, making premiums a little more pricey.
This latest price hike of an average 2.7 per cent will add around $122 a year on average to the family policy – the second in six months. Singles will pay around $60 a year more.
The latest APRA report published last month found out-of-pocket expenses for hospital treatment was up 13 per cent on the previous year.
Private health insurers increase their premiums on April 1 each year. But as the pandemic hit last year, many deferred their annual increase to October 1.
Read the full article originally published in News 9 here.
READ MORE: Private Health Insurance changes for 2021 explained
Image credits: Health workers collective
