Reduce insurance pain
YOU can snare hundreds of dollars in savings on private health just by demanding a better deal — but you need to hurry as insurers prepare to rake in an additional $654.2 million from the upcoming April 1 price increases.
Families will be slugged an additional $200 a year when the average premium increase of 3.95 per cent kicks in but desperate insurers will do almost anything to keep customers.
Many have rolled out a suite of incentives, including up to six weeks’ free cover, gift cards, trendy activewear, dining vouchers and even movie tickets to grab market share. But industry experts are urging consumers to pick up the phone and demand a better deal or vote with their feet.
Canstar’s general manager of wealth Josh Callaghan said existing customers can be rewarded as well as new members signing up.