| Publication: | Courier Mail |
| Date: | 12 May 2008 |
| Section: | Money |
By Justine Davies
Article excerpt:
Online comparison sites can help you find best insurance. Health insurance is often a contentious item in the household budget and never more so than when premiums are increasing. With an average increase of 4.99 per cent taking place from April 1, now may be a good time to review your current health fund to ensure that you are getting value for money.
There are several online health insurance brokers available including iselect.com.au and moneytime.com.au. "Using online comparison sites is very much par for the course in many countries,'' says David Miller, managing director of Moneytime. A relative newcomer to the market, Moneytime enables users to compare five of the top 10 private health insurance funds, with a sixth fund due online soon. "We provide information to educate users about their options and we allow them to compare the features of the participating funds.''
Like iSelect, Moneytime is free to use but makes its money by receiving commissions from the participating health funds. "(But) we don't play favourites,'' Mr Miller says. "There is no material difference between the commissions we receive from each fund.''
