PHI 62/22 2023 Private health insurance premium round applications

Private health insurance announcement.

Date published:
PHI circular type:
PHI announcement
Health sector

Annual premium round

This circular provides information about the 2023 private health insurance (PHI) premium round. Arrangements for the application process requesting PHI premium rate changes have been determined in consultation with private health insurers and the Australian Prudential Regulation Authority (APRA).

The Department of Health coordinates the annual premium round. The Department of Health will consult with APRA throughout this process. APRA’s role in relation to the premium round is to advise the department whether premium increase requests from private health insurers would result in an adverse prudential outcome for individual insurers.


Private health insurers requesting changes to premiums are to submit their application form no later than 3pm AEST on Tuesday 15 November 2022.

The timetable for the 2023 Premium Round is as follows:

Tuesday, 15 November 2022

3pm AEST deadline for applications

From 15 November 2022

Department of Health and Aged Care and APRA assessment of applications

By the end of December 2022 (Indicative only – Subject to assessment of applications)

Insurers notified of outcome outside business hours

1 April 2023

Premium changes take effect

Submission of applications

Applications are to be submitted to APRA via SecureDoc (a cloud-based APRA owned file transfer system). APRA will provide the applications to the Department of Health.

Private health insurance premium application form

Applications are to be submitted in the forms provided and consistent with the detailed guidance at Attachment A and B.