Which States Pay The Highest Premiums
When it comes to health insurance, there’s a rule that says two people buying the same policy can’t be charged a different premium – no matter what their health and habits are. 
It’s called community-rating, and it’s designed to protect the old and sick from having to pay more. But there’s one loophole in the rule, and that’s geography.
Victorians, Queenslanders and NSW residents pay the highest premiums of all the states, in that order. And WA is the cheapest place in the country to buy health cover
A FiftyUp Club analysis of quotes for top family cover from the 4 biggest health funds found that:
- Victorians pay up to $1,470 more than WA
- Queenslanders pay up to $1200 more than WA
- New South Wales policy holders pay up to $1000 more than WA
- South Australians pay up to $830 more than WA
This doesn’t mean West Australians have it easy! Many of our members from very state and territory around the country are feeling the pinch, especially considering premiums;
- Have risen by 72% in a decade,
- Have risen by 3 times inflation over the decade, and
- Will hit an average $4500 for top cover for a family this year.
The turn of the financial year is when health insurers spend big on advertising trying to attract new customers, particularly younger Australians. However, this also creates opportunities for FiftyUps to switch and save.
Right now, the FiftyUp Club has exclusive health insurance offers available to you. They’re only made possible by the 270,000 plus members who have already joined us in every state and territory of Australia.
We encourage anyone interested in saving on their health cover to check out the offer and switch or use it to shop around.
