Older Australians paying bigger increases on Health Insurance
Consumers over 50 are paying an average increase of 9.8% on their private health insurance according to a FiftyUp Club health insurance survey of more than 5000 people.
That’s one-and-a-half times the national average of 6.2% published by the Federal Government.
The FiftyUp Facts Health Insurance Petition aims to:
- Collect 10,000 signatures at FiftyUpClub.com
- Ask the Federal Government to publish annual average premium increases for different age brackets, including over-50s
- Improve price transparency in private health insurance for consumers 50 and over.
The petition can be signed online at www.FiftyUpClub.com
Chairman of the FiftyUp Club John Mangos said it was now clear older Australians are bearing the brunt of health insurance increases:
“Our survey results speak for themselves: consumers 50 and over are paying bigger price increases for their private health cover.
“The FiftyUp Club is calling on the Federal Government to reveal the truth about price increases for older Australians, so they have the information they need to shop around.”
The FiftyUp Club will deliver the petition to the Federal Health Minister.