Episode Details

Private health insurance premiums in Australia are surging by an average of 4.41% from April 1st, affecting nearly half of Aussies who havent switched providers. Switching to the cheapest gold hospital cover could save you $1,387 annually. Not-for-profits like GMHBA are up 1.98%, while for-profits like AIA (5.98%) and NIB (5.47%) are steeper. Insurers cite rising hospital wages, medical tech, an ageing population, and increased mental health needs post-pandemic. The government approved hikes above last years 3.73% rise after multiple resubmissions. A Canstar survey found 36% switched in the past two years. Experts advise calling insurers to match new customer deals. Health Minister Mark Butler launched a new Medicare Mental Health Check In program, aiming to support 150,000 people annually amid cost-of-living pressures.

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