PHI 58/15

This circular issued by the Private Health Insurance Branch contains information about Premium round application submission date

Page last updated: 01 September 2015

Printable version of 58/15 (PDF 130 KB)

1 September 2015

Amendment to 2016 Premium Round application submission date

This circular provides updated information in relation to the 2016 private health insurance premium round. Arrangements for dealing with applications for changes to premium rates for 2016 have been determined in consultation with the Australian Prudential Regulation Authority (APRA). Administrative arrangements will closely reflect those of recent years although in 2016 APRA will be assisting the Department of Health with the technical analysis of applications.

The Department of Health will be the principal body responsible for collecting and analysing premium change applications lodged by insurers and for providing advice to the Minister for Health. The Department of Health will consult with APRA throughout the process.

Timetable

Private health insurers seeking changes to premiums must submit an application in the approved form by no later than 3:00pm Friday 13 November 2015. Early submission of applications is encouraged.

The timetable for the premium round is:
13 November 2015
Deadline for applications

19 January 2016

Deadline for revised submissions

Early February 2016

Insurers notified of outcome

1 April 2016

Earliest date of application of changes

Submission of Applications

Applications must be submitted via the PHI Premium Round inbox. APRA will provide the applications to the Department of Health.

Form of Application

Each application must be in the approved form. Attached to this circular are the approved application form, Attachment A (Excel template), and Attachment B (guide to premium application compilation).

Applications not consistent with the approved form cannot be accepted for determination under section 66-10(1)(a) of the Private Health Insurance Act 2007.

If you require further information please telephone: (02) 6289 9853/24 hr answering machine or email the enquiry to Private Health Insurance Branch.

For more information visit 2015 Private Health Insurance (PHI) Circulars.

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