It's the time of the year again…….
We are with Medibank and had received Reminder about change to your premium on 1 April 2018
To save us $300 plus, would need to pay upfront over 5 grand!
We asked why the increase is over 3%. The reply was that there are others who have a reduction whilst some had an increase.
Love to know who's got a reduction!
Anyway, just a kind reminder to this Community to assess your private insurance now….
Good on you and Mum to switch.
Thanks
You're next :-)
just do some research, check if you taxable income is over the threshold or not, then decide if you really need hospital cover. unless you are over 60 years old i think we can save lots of $$$ by not taking hospital cover.
and avoid medibank they are the most expensive ones.
If you lose your job and dont need health insurance anymore for tax purposes can you cancel the insurance and get a refund of the premiums that you prepaid?
Yes. You are entitled to a refund from the date you cancel.
However, note that if you have received $90K+ YTD from the day you lose you job in the financial year 2017 - 2018
The real answer is that according to their dynamic pricing algo you aren't likely to leave if they increase the cost to you.
Looking for cousins family.
Any recommendations? They are paying $35 a fortnight ATM with 70% back. They are only want extras.
Family one is over 50 and other is over 40.
My mum was with Medibank too (Corporate Top Hospital) and received the new premium of $1613 PA.
- Did an online quote as a new customer for the best cover using my mum's credentials - Complete Hospital.
- Quote was $1540 PA which is cheaper (and higher level of cover) than the premium my mum received.
- Obviously as many insurance companies' pracitces, they look after new sign-ups and rip off existing "loyalty tax"
- Got a quote from Frank Health Best Cover ~ $1449 PA
- Changed over to Frank and gave Medibank the boot.
- After the changeover Medibank called my mum to ask why changeover. Gave the obvious reason.
- For some mysterious and unexplained reason, they can always do better with their premiums after the fact!
- They gave us a number to call to see what they can do.
- Too late … beat it!
Medibank has the worst number of complaints and terrible reviews.
I was with them too and I had to get the Ombudsman involved just to get a partial refund as I left them early LOL .. and it took 8 Weeks for me to receive.
Good riddance … Medifail!