Like all Australian health funds HIF annually reviews its premiums.
Following the Australian Government’s approval of the average cost of private health insurance premiums at 3.73%, HIF has delivered an average rate projected increase of 1.91%1.
Nikesh Hirani, Chief Data and Proposition Officer at HIF said, “This is the lowest average rate increase of all Private Health funds across Australia.
“We’re conscious many of our members are feeling the impact of the current cost of living crisis, and as a Not-For-Profit health fund, we’ve done all we can to keep the increase as low as possible – especially in comparison to other forms of insurance, and even against overall inflationary impacts.”
HIF members will receive the details of the rates relating to their specific policy from 10 March with the 2025 premium increase coming into effect on 1 April.
“It is important the 15 million Australians who hold private health insurance see value in their insurer’s products, pricing and services.
“We are doing our part to continuously instil confidence in our industry by putting our members first. We do this by striking the right balance between keeping premiums as affordable as possible, and providing adequate funding for hospitals and health workers to deliver the quality care Australians deserve,” concluded Hirani.
HIF encourages members to visit the Online Member Centre here to access product factsheets about the benefits of their membership and to find out more about partnerships and programs by visiting Health & Wellbeing Programs.
For more information visit hif.com.au/premiums
1 Exact premium increase dependant on policy type and level of cover.