Average annual premium price change by insurer

This page provides information about average annual private health insurance premium change by insurer.

Page last updated: 07 December 2019

The average premium change for each insurer and the industry, which will apply from 1 April 2020, is provided below. Information on the formula to calculate the changes can be found on the private health insurance premium round process page.

While the figures represent the average premium price change, this is not indicative of what every consumer may experience. Some products may be offered with either a lower or a higher price change when compared to the industry or their insurer’s average. Insurers must inform their members in writing of the exact premium price change for their particular policy.

The Australian Government provides around $6.3 billion annually to support consumers with the price of their private health insurance premiums. Each year the rebate is adjusted following the release of the December quarter Consumer Price Index figures by the Australian Bureau of Statistics in late January. Because of this, insurers are unable to provide definitive information to their policy holders regarding changes to premium levels until February 2020, for effect from 1 April 2020.

Premium Round Individual Insurer Average Premium Increases – 1997 to 2020 (PDF 215 KB)

Insurer
Average increase (%)
2014
2015
2016
2017
2018
2019
2020
ACA Health Benefits Fund Limited
5.78%
4.96%
6.19%
4.70%
2.72%
3.23%
3.94%
Australian Unity Health Limited
6.62%
6.26%
5.05%
4.46%
3.89%
3.35%
2.79%
BUPA HI Pty Ltd
6.35%
5.59%
5.69%
4.90%
3.99%
2.99%
3.26%
CBHS Corporate Health Pty Ltd
2.98%
2.38%
3.68%
2.37%
CBHS Health Fund Limited
5.61%
6.58%
5.92%
3.29%
2.73%
3.67%
3.91%
Cessnock District Health Benefits Fund Limited
5.36%
6.99%
6.19%
6.57%
6.40%
3.90%
3.96%
CUA Health Limited
5.47%
6.35%
8.95%
4.97%
3.29%
4.19%
3.99%
Defence Health Limited
5.34%
5.62%
5.48%
5.51%
5.97%
4.50%
3.49%
Doctors' Health Fund Pty Ltd
4.23%
3.98%
3.76%
3.54%
2.28%
2.94%
3.29%
GMHBA Limited
5.94%
6.43%
5.44%
4.94%
4.34%
3.31%
3.34%
HBF Health Limited
3.72%
5.96%
4.94%
5.96%
3.75%
1.94%
1.98%
Health Care Insurance Ltd
5.34%
6.12%
6.90%
6.06%
8.90%
5.53%
3.75%
Health Insurance Fund of Australia Limited
2.98%
4.49%
6.55%
7.99%
5.35%
4.77%
5.58%
Health Partners Limited
3.14%
5.76%
7.14%
5.10%
3.95%
3.18%
2.77%
health.com.au Pty Ltd
6.13%
6.81%
8.81%
8.53%
5.87%
3.96%
3.94%
Hospitals Contribution Fund of Australia Ltd
6.89%
6.57%
5.42%
3.65%
3.39%
3.20%
3.39%
Latrobe Health Services Limited
5.98%
6.15%
5.52%
4.49%
4.25%
3.85%
3.49%
Medibank Private Limited
6.49%
6.59%
5.64%
4.60%
3.88%
3.30%
3.27%
Mildura District Hospital Fund Ltd
3.65%
6.14%
6.74%
5.95%
5.68%
3.89%
4.68%
MO Health Pty Ltd
3.90%
4.45%
5.63%
National Health Benefits Australia Pty Ltd
4.50%
6.26%
5.28%
5.41%
3.97%
3.62%
2.99%
Navy Health Ltd
4.53%
4.50%
5.50%
4.94%
3.94%
4.94%
3.49%
NIB Health Funds Ltd
7.99%
6.55%
5.55%
4.48%
3.93%
3.38%
2.90%
Nurses & Midwives Health Pty Ltd
3.22%
5.91%
3.74%
Peoplecare Health Limited
5.82%
6.08%
4.38%
5.09%
4.19%
4.90%
3.48%
Phoenix Health Fund Limited
6.52%
6.48%
5.72%
5.93%
4.19%
3.26%
3.10%
Police Health Limited
4.81%
4.48%
4.81%
4.63%
3.72%
3.58%
3.14%
Queensland Country Health Fund Ltd
5.85%
4.77%
4.91%
5.15%
4.39%
3.95%
3.56%
Queensland Teachers' Union Health Fund Limited
4.50%
6.36%
7.15%
7.30%
4.40%
3.18%
2.66%
Railway & Transport Health Fund Ltd
4.80%
6.17%
5.61%
5.54%
4.47%
3.36%
2.91%
Reserve Bank Health Society Ltd
4.39%
4.88%
5.37%
5.00%
3.97%
3.73%
3.08%
St Luke's Medical and Hospital Benefits Association
6.33%
6.27%
5.89%
4.99%
4.23%
3.56%
2.90%
Teachers Federation Health Ltd
5.42%
6.86%
4.97%
4.96%
2.84%
3.94%
3.24%
Transport Health Pty Ltd
5.90%
4.84%
6.49%
4.93%
5.16%
3.41%
2.59%
Westfund Limited
3.25%
7.92%
5.94%
4.96%
3.43%
1.64%
4.32%
INDUSTRY WEIGHTED AVERAGE
6.20%
6.18%
5.59%
4.84%
3.95%
3.25%
2.92%

Emergency Services Health members - The premium rate change for Police Health Fund incorporates premium rates for Emergency Services Health, as the subsidiary of Police Health Fund. It is expected that by 30 June 2020, Emergency Services Health will no longer be a registered insurer but rather a brand operating under the Police Health Fund.

GU Health members - The premium rate change for nib incorporates premium rates for GU Health, as the subsidiary of nib. It is expected that from 1 January 2020, GU Health will no longer be a registered insurer but will continue as the brand representing nib’s corporate segment.

Note: The insurer and industry weighted average include the impact of the savings from rate protection and age-based discounts.

  1. If you can pay your health insurance premiums in advance, some insurers will offer a rate protection. With rate protection, if premium rates are increased within the period you have already paid for your insurance, you will not have to pay increased rates until that period ends. If you do not have rate protection, the insurer will ask you to pay the balance owing on the new rates, or reduce the length of time your advance payment covers.
  2. From 1 April 2019, insurers are able to offer premium discounts on hospital cover of two per cent for each year that a person is aged under 30 when they first purchase hospital insurance, to a maximum of 10 per cent for 18 to 25 year olds. For a consumer on a $1,500 policy the savings is up to $150 and for a young family on a $3,000 policy the savings is up to $300.