Latest news with #privatehealth
News.com.au
27-05-2025
- Business
- News.com.au
Private health sector estimated to come out in ‘much better shape' following Healthscope crisis
Private Healthcare Australia CEO Rachel David says there has been 'tremendous growth' in the number of Australians using private health insurance. Ms David claims around 15 million Australians are equipped with the service. 'The reason it continues to grow is because of some of the struggles that the public hospitals have had … and people desire to have more control over when they have treatment and by whom,' Ms David told Sky News Australia. 'We think that the private hospital sector will emerge from this crisis in a much better shape than it was previously.'
Yahoo
26-05-2025
- Health
- Yahoo
Health insurance warning as dad forks out $1,200 bill: ‘So many people forget'
Around 15 million Australians are paying for private health insurance, but a sizeable portion haven't made a single claim in the past 12 months. With insurance costs rising and the cost of living continuing to pinch, many Aussies are considering ditching or downgrading their policy, but experts are warning people to think twice. Petrus Buys took out health insurance for his family in November last year but hasn't yet made a claim. The 29-year-old civil engineer told Yahoo Finance he had been putting off getting insurance, but the birth of his son, Caleb, kicked him into gear. 'We essentially came back home [from the hospital] and I realised now that I've got a kid, I'm not just caring for myself and my wife anymore,' he said. RELATED Simple way Aussie mum cut health insurance cost by $1,600 after price hike: 'Big opportunity' $3 million superannuation tax change sparks property warning as 'panic' selling begins ATO warning ahead of $1,288 cost-of-living cash boost: 'Shooting yourself in the foot' Buys, who moved to Australia two years ago from South Africa, ended up taking out a hospital and extras policy with HCF two days after his son was born in the public system. He used comparison site iSelect and is paying $100 a month for the cover, or $1,200 a year. Despite not needing to make a claim yet, Buys thinks paying for health insurance is worth it for his family. '$100 a month is not a lot considering that I'm sleeping a lot better knowing that I'm covered for all the critical things, especially dental, that are not covered by Medicare,' the Sunshine Coast dad said. 'It's just that peace of mind, really, and for that money, I'm comfortable.' New Finder research found two in five Australians with health insurance hadn't made a claim in 12 months, despite paying hundreds or thousands of dollars in premiums. That included 38 per cent who didn't use either their hospital or extras cover in the past 12 months and 32 per cent who only used extras like dental or physiotherapy. Only 17 per cent of the 1,013 people surveyed claimed on both hospital and extras in the past year. Finder health insurance expert Tim Bennett said millions pay for insurance but never claim. 'Health cover is a valuable safety net for unexpected illness or injury, but for many it feels like dead money,' he told Yahoo Finance. 'If you're paying for it, use it. So many people forget they're entitled to things like dental check-ups, physio visits or optical rebates — claiming just a few of these can make your policy far more worthwhile.' It comes as high premiums combined with cost-of-living pressures are also forcing some Aussies to put their health on the back burner. iSelect research found 33 per cent of Aussies were delaying routine check-ups like dental, hearing and cancer screenings, while 31 per cent were putting off GP visits. With private health insurance rising by 3.73 per cent on average in April, one in three policyholders were also considering cancelling or downgrading their cover. Buys said he was 'feeling the pinch' from the rising cost of living, especially after having his child and with his wife now working less. 'We bought a house about a year ago, and we probably are spending about 40 per cent of our income on the mortgage,' he said. Along with housing, Buys said the cost of groceries and household bills like electricity and water had also been rising. 'We are definitely cutting back a lot on leisure expenditures, so things like going on holiday, going to visit the family back in South Africa are happening less frequently,' he said. 'Myself being the main provider for the family, you're getting forced into a corner where you need to start considering doing second jobs and side hustles and ways of generating additional income.' Bennett said Aussies were facing a 'tough juggling act' but warned people against ditching their health insurance cover altogether. 'No one wants to be caught out without cover when they really need it,' he said. He said now was a good time to audit health insurance costs. 'Don't waste another 12 months paying too much for a policy that doesn't match your needs,' he said. 'Now's the best time to shop around for health insurance relief as insurers fight for business ahead of the new financial year.' Buys said he planned to compare his health insurance policy again once it comes up for renewal and was looking at claiming extras for a dental checkup and a visit to the optometrist.
