WHITEPAPER DOWNLOAD
What are the proposed reforms to private health insurance, and what will they mean for you?
The government’s proposed reforms to private health insurance in Australia will affect all consumers. Here’s what you need to know.
Get your free copy of our whitepaper now.
How will the proposed reforms to private health insurance impact you?
Easier access to mental services, age-discounted premiums and greater consumer protections – the extensive reforms to private health insurance announced by the Australian government in October 2017 will impact consumers and insurers alike. While there is cause for optimism in many of the government’s proposals, the measures could have unforeseen consequences for some sections of the population.
In the ‘What are the proposed reforms to private health insurance, and what will they mean for you?’ white paper, we focus in on the key aspects of the government’s private health insurance reforms.
What’s inside the whitepaper?
The whitepaper provides an easy-to-follow explanation of what the changes will mean for you once they are put into practice.
In addition to examining the government’s desired outcomes from each proposal, the white paper provides commentary from HICA CEO Suzanne Still on whether the different aspects of the reform package are likely to run into practical difficulties, or create unintended problems.
We divide the reforms package into its individual initiatives and give detailed analysis, touching upon the implications for private individuals, families, and businesses involved in the private health system.
The white paper by section:
- Mental health reforms
- Aged-based discounts
- Increased customer protections
- Categorisation of health insurance products
- The removal of some natural therapies from extras covers
- Changes to maximum excesses, and reduced premiums for
implanted prostheses - Going forward
Key figures from this white paper:
- 13 million Australians hold some form of private health
insurance in 2018. - 10 per cent premium discounts could be available for 18-25 year olds buying hospital cover for the first time.
- $188 billion already saved by insurers since February 2018
due to changes in benefits for implanted prostheses.
With over half of all Australians covered by some form of private
health insurance, according to statistics from the Australian
Prudential Regulation Authority (APRA), it’s crucial that these
measures are presented in an accessible format.
Why work with HICA?
Health Insurance Consultants Australia PTY Ltd (HICA) has over 30 years experience delivering healthcare advice and solutions to a wide range of clients: Corporate, SME, professional groups and associations as well as individuals.
Our services are based on our comprehensive understanding of the health insurance market, and our aim is to provide Australians with appropriate, affordable health insurance. At the end of the day, it’s all about what you need, and delivering the solution that works for you is our first priority.
For more information, get in contact with our expert team.
