How to "lock
in" your health insurance premium
If you can afford it consider paying for your health insurance in
Do this before the rebate changes takes effect and you will lock in your
premiums at the current rate for the next 12 months.
Did you know that you can choose to pay a full 12 months in advance or
just a couple of months? – Its up to you and what you can afford.
And you won’t be
locked in to any contract….You’ll still have the freedom to switch funds and
get a refund on any advance payment made.
The rebate change occurs on 1 July 2012.
You Choose to “lock in” your annual
premium at the current rate:
Your policy must start before 1 July 2012
Your advance payment must be processed by the
bank before 30 June 2012.
Please note, banks can take days to
process your payment so don’t leave it too late!
Your premium is protected (at the current
rate) until July 2013.
Call 1300 232 884 to discuss with us and ensure payment is processed in time before June 30th. All funds have different pre-payment deadlines
Just so you know, 'locking
in your premium' does not mean that funds cannot make changes in specific
policy details and coverage; including changes to rebates or annual limits, or
in the services covered.
Means Testing Health Insurance Rebates
The Federal Governments proposal to “means test” the 30% private health insurance rebate from July 2012 has recently been approved by Parliament’s House of Representatives. This means that if you are a single earning more than $84,000 per year or a Couple or Family earning more than $168,000 per year your rebate will be changing. Read More...
Got questions? Want to learn more about avoiding rising costs?
- Call 1300 232 884 and speak to one of our
health insurance experts
- Request a call back, and we’ll chat to you soon
- Visit our compare for yourself first