Top tips for health insurance

Video transcript

We'd encourage Aussies to first check if there's a better deal out there first before downgrading their level of cover or getting rid of it altogether.

So another tip, review your policy just in general because our health needs and our financial circumstances change all the time and you could be paying for cover you don't need, or indeed not paying for things that you do need. check for a higher excess.

So consider whether your fund will offer you lower premiums if you do pay a higher excess. check for offers, deals and freebies at the moment. So some funds may actually be offering deals and incentives around this time of the year.

But remember that a good deal, it's not necessarily the cheapest.

Make sure that policy is still suited to your needs.

And also some providers may actually allow you to prepay your annual premiums up front. So if you're able to pay a lump sum before that premium price rise kicks in, that could be a way to lock in your current rate for a further 12 months.

And finally, the extras. If you're not using them, then why pay for them?

Get stories like this in our newsletters.