| Publication: | The Daily Telegraph |
|---|---|
| Date: | 19 May 2009 |
| Section: | Breaking News |
WHAT price do you put on your health? It's a question many Australians will be asking themselves as they face yet more health insurance price hikes.
Last month, premiums jumped by up to 12 per cent and now they are set to rise again - by between 10 and 30 per cent, depending on your taxable income.
Under budget changes, the 30 per cent private health insurance rebate will be reduced or scrapped for middle- to high-income earners - singles on more than $75,000 and families on more than $150,000 per annum.
If the proposed legislation goes through, it will doubtless force people to revise their private health cover.
Article summary:
For those who will be affected by the budget changes to health insurance, there are ways to reduce your health insurance premium. First, review the extras you are paying for to ensure value for money. Second, consider an excess or a co-payment to reduce your upfront premium.
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