death, taxes and Aussies paying too much on health insurance. Over the past 10 years older Aussies have been hit by rising price increases and decreasing government rebates.
Since 2010, prices have skyrocketed over 52% on average, the government rebate has plummeted from 30% all the way down to 25.059% for under 65s, and from 35% down to 29.236% for 65-69 year old’s.
This means that if you were paying $275 per month 10 years ago for your hospital & extras, you could be paying $431+ per month today…or $1,872 more per year!
Older Aussies are turning to health insurance comparison services like Health Deal in their thousands each month to combat this. On average Health Deal helps customers save over $380* off their annual premium.