New kid on the block announces rate increase well below industry average
Nurses & Midwives Health members will receive one of the lowest rate increases across the industry on 1 April, following Health Minister Greg Hunt’s private health insurance contribution rate increase announcement.
As a health fund that is all about its members, Nurses & Midwives Health is proud to deliver an average rate increase of 3.22%, which is below the industry average of 3.95% and ahead of the big health insurers BUPA (3.99%), NIB (3.93%) and Medibank (3.88%).
Mr Brad Joyce, CEO of Nurses & Midwives Health, said the announcement shows the fund’s ongoing commitment to its members.
“As one of the newest health funds, we’re proud to have one of the lowest rate increases in the industry.”
“We know that affordability is becoming an increasingly bigger challenge for members, so our aim has been to keep this year’s premium increase as low as possible,” said Mr Joyce.
While rate increases have been announced, the Government hasn’t confirmed any changes to the Australian Government Rebate on Private Health Insurance.