Health insurance – it’s often viewed as a necessary expense, especially as we enter our golden years. But for those aged 50 and over in Victoria, a shift in perspective is occurring. Aussies are turning this necessary expense into a tool for financial savings and better health coverage. How? By making informed choices and comparing their health cover with alternative health funds.

Shrewd Comparisons Yield Significant Savings

Health Deal has uncovered a powerful trend among VIC’s over-50s community. Those who’ve compared their current health cover with other options are making a significant dent in their annual premiums. On average, Aussies in VIC who switched their cover via Health Deal have saved $253.55 per year – a big boost to your budget!

Best of all, you don’t need to cut corners on your health cover. It’s about making smarter decisions and eliminating the cost of excess cover you might not need. By comparing health insurance policies, you can ensure you’re only paying for what truly serves you.

Maximising Savings with the Big Players

Victoria’s health insurance market is dominated by three big players: HCF, Medibank, and Bupa. If you have a policy from these major providers, your potential savings can be even greater.

Over 50’s in VIC who’ve switched their health funds through Health Deal have saved an average of $245 per year for HCF customers, $260.39 for Bupa customers, and a considerable $356.97 for Medibank customers*. These numbers highlight the immense value of comparing your cover.