The days of getting very cheap group-discounted Life Insurance through your super fund are looking numbered, as funds raise premiums and regulators warn they are repeating the mistakes of the past. Senior insurance regulator  Ian Laughlin, who is deputy chairman of the Australian Prudential Regulation Authority, warned this week that this sector of life insurance has been losing money and was […]

In just 3 days more than 10,000 FiftyUp Club members have signed our petition calling on the Federal Government for greater transparency in health Insurance. With such a huge response from members, we’ve had to set a new target of 15,000 signatures. FiftyUp Club members have been signing the petition and heading to the forum to share their extensive experience […]

The FiftyUp Club is today launching a national petition calling on the Federal Government to reveal the real cost of health Insurance for over-50s. 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% […]

With health insurance premiums about to be hit by the biggest increase in a decade, the federal government has confirmed it plans to sell health insurer Medibank Private, the country’s largest fund, in the next financial year. 1. The government says there is “no reason” why the sale of Mediabnk would push prices up, according to a “scoping study” it […]

More than 3000 members of the FiftyUp Club have already answered our 2-minute Health Insurance Survey in less than 24 hours, to help us unearth some sorely-needed Facts about premium increases for the over-50s. It’s a fantastic response and it means we will soon have enough data to scrutinise the real cost of premium increases for FiftyUps. The concept is […]