Teachers Health announces lowest rate increase in over a decade
Teachers 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 today.
With an average rate increase of 2.84%, Teachers Health is well below the industry average of 3.95% and is ahead of the big health insurers BUPA (3.99%), NIB (3.93%), HCF (3.39%) and Medibank (3.88%).
Mr Brad Joyce, Chief Executive Officer of Teachers Health says the announcement today shows the value of being with a health fund that’s member-focused.
“At Teachers Health, our members are our priority and we make decisions based on their best interests. That’s why we’ve announced today our lowest rate increase in over ten years.”
“We’re proud to be able to support and give back to our members. It means we can focus on the important things like investing in the health and wellbeing of our communities,” Mr Joyce said.
While rate increases have been announced, the Government has not yet confirmed any changes to the Australian Government Rebate on Private Health Insurance.