Almost five million Australians will be hit with another cost of living blow when some of the nation’s largest health insurers raise their prices.
Bupa, NIB, GMHBA, Qantas and Frank have confirmed they will raise their premiums by an industry average of 2.9 per cent on October 1 following a temporary pause.
Compare the Market Head of Health Insurance Lana Hambilton said the price hike comes after six months of delay to help ease the cost of living pressures on Australians. One customer told Compare the Market their Qantas Gold Complete Hospital Plan with $750 excess will increase by only $2.75 a month – or $33 a year.
“If your circumstances and health needs have changed, also ensure you’re on the right policy to suit your needs.
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