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Here's how much your private health premiums will rise next month



Many health insurers froze or deferred premium increases during the pandemic but soon the cost for private health care will increase.

The change in costing will come into effect in on June 1, outside of the traditional April 1 hike date, with most health insurers will be lifting premiums before the year is out.

Canstar has put together a list of sign up offers for deals and discounts to be found.

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AAMI is offering up to $500 off if you take up hospital and extras cover before July 4.

Bupa is offering six weeks free to new members who join on some products.

NIB is offering new eligible customers who sign up for hospital and extras cover before June 25 up to $600 off, which will also allow skipping some waiting periods on extras.

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And there is a $450 "switcher's bonus" for families and couples as part of a deal between consumer group One Big Switch and HCF  to switch from your insurance provider to HCF's combined hospital and extras policy.

It's important to look at the policy, check the fine print and make sure you're covered for what you need.

If a short term incentive works for you then that's a bonus.

Below is a list of 2023 health insurance premium price rises.

Name Number of insured persons 2023 premium change average 2023 premium change effective
Medibank (includes ahm) 3,755,092 2.96% 1 June
Bupa 3,637,148 3.39% 1 October
HCF 1,876,685 3.33% 1 September
NIB (includes AAMI, Apia, ING, Priceline, Qantas, Suncorp) 1,255,265 2.72% 1 September
HBF (includes CUA Health) 1,099,478 4.49% 1 April
GMHBA (includes Frank Health) 330,988 2.33% 1 October
Australian Unity 298,291 3.76% 1 November
Westfund 132,798 2.65% 1 April
HIF 102,396 3.10% 1 April
Health Partners 96,209 2.93% 1 October
Latrobe Health 91,940 2.15% 17 April
St Luke's Health 82,699 2.86% 1 July
Peoplecare 71,055 2.79% 1 April
Queensland Country Health Fund (includes Territory Health Fund) 68,182 3.17% 1 April
AIA Health Insurance 52,063 1.69% 1 July
Mildura Health Fund 35,751 2.48% 1 July
Phoenix Health Fund 24,613 3.72% 1 July
onemedifund 14,375 2.86% 1 April
HCi 11,818 No change
Transport Health (division of HCF) 7,947 2.49% 1 September
Hunter Health Insurance 5,334 3.93% 1 April
CBHS Corporate 2,579 5.38% 1 April

The information provided on this website is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information on this website you should consider the appropriateness of the information having regard to your objectives, financial situation and needs.

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