Health Insurance

Private health insurance premiums will increase by an average of 4.41% from April 1, the largest rise in nine years. The increase exceeds inflation, and comes as insurers report strong profits. Here is how premium rises are approved, why claims costs matter, and what the recent numbers suggest about whether the increase is justified.

A practical overview of Australia’s leading private health insurers by market share in 2025, including how open vs restricted membership works, the difference between for-profit and not-for-profit funds, and what to check when comparing policies—especially portability rules around waiting periods.

Australia’s health insurance market is dominated by five big funds—Medibank, Bupa, HBF, HCF and NIB. Here’s a practical comparison using complaints ratings, out-of-pocket (gap) costs, and common discounts that can affect what you pay.

For freelancers, sole traders and small business owners, private health insurance can be a major line item—yet going without it can carry costs too. The right decision depends on your income, your health needs, and how much financial risk you can comfortably manage.

For freelancers, sole traders and small business owners, private health insurance can feel like a major expense. Whether it’s worth it depends on your income, your health needs, and how you want to manage risks like time off work and potential tax impacts such as the Medicare Levy Surcharge.

Life insurance can feel uncomfortable to think about, but it can also provide a financial safety net for you and your loved ones. Here’s a practical guide to comparing policies, understanding common types of cover, and checking key details like the PDS, medical disclosures, waiting periods, and inclusions and exclusions.