Mediscare: Which major health insurer has a whopping 19% price rise?
Your health insurance premiums went up on April 1. Was your policy one of the biggest increases?
When I got my letter explaining my health insurance hike, I was pleasantly surprised to learn it was only increasing by $8 per month.
Not everyone received such welcome news. My friend's policy went up from $355 to $395, and someone else I know shared their family policy is now $800 a month – and they receive the full 24.6% health insurance rebate. Their policy would be well over $1,000 per month without it – a whopping $12,000 a year!
Not sure how your increase stacks up against the competition?
We're here to make it simple for you. Our data scientists at Finder took a look at thousands of data points from 45 health insurance providers, to uncover the difference in pricing between March and April.
- Biggest hike - AIA hiked their Silver Plus Family Hospital 750 by 19% for Singles in WA in the $501 to $750 Excess category.
- Biggest reduction - Phoenix Health Fund cut premiums by 45% for couples, single parent families, singles and families in the NT, for Bronze products in the $501 to 750 Excess category.
How do the biggest 5 health insurers fare?
Medibank
Biggest hike to an existing product was by 10.46% for their Medibank Gold Advanced Product for Single, Families and Couples in NSW in the $251 to $500 Excess category (Gold policy). The exact dollar amount looks different depending on single, family or couple policies, but in this example it would be between $29.60-$59.20 per month.
Biggest cut to an existing product was by 10.05% for their Medibank Basic Accident and Ambulance product for Singles and Couples in WA in the $501 to $750 Excess category (Basic Policy). Again, the exact dollar amount looks different depending on single and couple policies, but in this example it would be between $9.10-$18.20 per month.
Bupa
Biggest hike was 13.14% for their Silver Plus Intermediate Hospital Nil Excess product for single parent families in Tasmania (No Excess Silver Policy). This went up by $47.35 per month.
Biggest cut was 12.02% for their Silver Plus Intermediate Hospital $750 Excess in Tasmania in the $501 to $750 Excess category (Silver Policy). This went down by $36.35 per month.
What's the difference between Basic, Bronze, Silver and Gold? Health insurance tiers explained
HCF
Biggest hike to an existing product was by 9.53% for their HCF Hospital Bronze Plus $250 Excess product for single parent families in WA in the $1 to $250 Excess category (Bronze policy). This went up by $19.20 per month.
While there were no cuts to existing products, the lowest increase to existing products was by 1% for the HCF Hospital Saver Plus $750 Excess product for Single, Families and Couples in Queensland in the $501 to $750 Excess category (Silver Policy).
They also closed a line of products to new customers and opened a new range, explains Finder analyst Piyush Pillai. The new policies are up to 35% higher than their previous gold policy.
"HCF closed their Premium Gold offering to new customers in February 2025, and launched the Optimal Gold range. Their Gold Hospital policy can now only be taken out in combination with an Extras product," explains Pillai.
HBF
Biggest hike to an existing product was by 7.95% for their Gold Hospital Elevate $750/$1500 Excess Product for Couples in NT in the $501 to $750 Excess category (Gold policy). This went up by $27.32 per month.
While there were no cuts to existing products, the lowest increase to an existing product was by 0.28% for the Silver Hospital $250/$500 Excess product for Singles and Couples in the $1 to $250 Excess category in WA and Basic Hospital Plus Elevate $500/$1000 Excess product for Couples in the $251 to $500 Excess category in WA (Silver and Basic Policies).
NIB
Biggest hike to an existing product was by 11.61% for their Silver Select Hospital Plus $250 Excess product for couples in NSW in the $1 to $250 excess category (Silver policy). This went up by a substantial $60.06 per month.
The biggest cut was for the Bronze Hospital $750 Excess product which went down by 10.37% for singles and couples in NT in the $501 to $750 excess category (Bronze policy). This went down by $7.60 per month for singles and $15.20 for couples .
Health insurance premium hikes went live April 1: compare your policy and switch to save money today.
Note: this analysis is based on the products we have access to in our database.
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