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How does your health fund compare on 2021 price rises?


Some funds are raising prices by less than 1% but others aren't being quite so generous.

It's that time again. Health funds are putting their prices up on April 1, with an average increase of 2.74%.

While that might be the lowest increase in 20 years, it's still above the inflation rate of 1.34% so everyday Australians are going to be out of pocket.

However, not all funds are putting up their prices by 2.74%. In fact, several funds are putting their prices up by less than 1%, while one fund is raising prices by more than 5%.

St.Lukes, a fund which is open to everyone, is putting prices up by just 0.5% while CBHS Corporate has announced a 5.47% increase. Ouch.

What it means in real terms

On average, a single person will pay an extra $59.28 a year and a family will pay an extra $126.88 a year. But compare online, and you could score a better deal.

For example, gold policies typically cost $150-$190 a month. The average increase will see you paying roughly $48 to $60 more a year.

However, an increase of 0.5% would see singles paying just $9 to $11.40 more a year. Even a 1% increase would only be an extra $18 to $22.80 a year. Much more palatable.

On the other end of the scale, if you happened to be hit with the maximum 5.47% increase, you could be looking at a bill which is $98.40 to $124.68 more expensive per person.

You can avoid it though

The easiest way to avoid the price rise is by paying for your health insurance in advance. You'll lock in last year's prices for the next 12 months. Hooray!

If you don't want to pay in advance, you can compare funds and choose one which is raising prices by a minimal amount. Or, you can consider dropping down a tier in your hospital insurance to save money. Just double check what's covered in the tier below.

See how your fund stacks up

FundOpen or restricted?IncreaseLearn more
ACARestricted3.54%Learn more
Australian UnityOpen1.99%Learn more
BUPAOpen3.21%Learn more
CBHS CorporateOpen5.47%
CBHS HealthRestricted4.26%Learn more
Cessnock DHBOpen4.14%Learn more
CUAOpen2.99%Learn more
Defence HealthRestricted3.93%Learn more
Doctor's HealthRestricted2.85%Learn more
GMHBAOpen3.24%Learn more
HBFOpen0.94%Learn more
HCIOpen2.91%Learn more
HIFOpen3.78%Learn more
Health PartnersOpen3.35%Learn more more
HCFOpen2.95%Learn more
LatrobeOpen3.42%Learn more
Medibank and ahmOpen3.25%Learn more
MilduraOpen4.07%Learn more
Navy HealthRestricted4.46%Learn more
NIBOpen4.36%Learn more
Nurses and MidwivesRestricted3.38%Learn more
PeoplecareOpen3.9%Learn more
PhoenixOpen3.47%Learn more
Police HealthRestricted3.1%Learn more
Queensland CountryOpen4.43%Learn more
Queensland Teachers' UnionRestricted1.11%Learn more
Railway and Transport HealthRestricted3.19%Learn more
Reserve BankRestricted3.74%Learn more
St Luke'sOpen0.5%Learn more
Teachers FederationRestricted2.88%Learn more
Transport HealthOpen2.61%Learn more
Westfund LimitedOpen4.3%Learn more

Compare health insurance

Use our easy tool below to compare health insurance. It'll only take a few seconds and you could find yourself a better deal.

Why compare health insurance with Finder?

  • We don't ask for your phone or email to see prices.

  • With 1 click, you can open your results to nearly every fund in Australia.

  • You pay the same price as going direct – we charge no fees.

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