UNDERSTANDING private health insurance cover is annoying for many of us as we are mostly unsure how to compare apples with apples.
In the year 2015 premiums were jacked up by an industry average of 6.18% and when this year’s hikes kick in on the month of April 1 policy costs will be pushed even greater.
But most premium holders have no concept why their premium increases every year, in accordance to financial comparison site compare the market.
And a majority claimed their health fund gave no explanation to why the increase occurred.
That is why it is significant to understand your own policy before seeking out a better deal, states Comparethemarket.com.au spokeswoman Abigail Koch.
“It is worth getting to grips with what your policy involves and what you have claimed over the 12 months,’’ she states.
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