As announced by the Federal Minister for Health the Hon. Sussan Ley, an increase in health insurance premiums will take place from 1 April 2015. For St.LukesHealth members, premiums will increase by an average of 6.27%, which is in line with the industry average.
At St.LukesHealth we continue to build on our strong member focus to deliver you innovative benefits and services. For example, we have added OPSM to our list of optical partners and we are building on our gap free preventive dental initiative by including services focused on children’s dental health.
Members have also given us overwhelming positive feedback on the mobile claiming app and we are looking towards more services to enrich member communication and engagement. For more information on these initiatives and other fund news download our newsletter.
While building on benefits and services, we are also mindful of the need to preserve the long term financial viability of the health fund. It is important we maintain premiums with the increasing cost of services and increased member utilisation. You can read more about why premiums need to increase in our newsletter.
Last year the Government made changes to the way they index the Private Health Insurance Rebate, which again will mean a reduction in the rebate percentage for those members who are eligible for a rebate. If you are claiming the rebate as a premium reduction, this change will also affect your premium from 1 April 2015. Read more about this government change at Indexing the Australian Government Rebate on Private Health Insurance.
St.LukesHealth is proud to be a ‘not-for-profit’ fund which means your premium stays within the fund for the benefit of members. If you have any enquiries, our friendly customer care staff will be happy to talk to you. Call us today on 1300 651 988.