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List of historical premium increases by Insurer for 2021

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Publication date: 
7 December 2019
Last updated: 
22 December 2020
Publication type: 
Dataset
Intended audience: 
General public
Description: 

This publication provides the average annual increases in private health insurance premiums from 1997 to 2021, for each insurer and the industry.

The average premium change for each insurer and the industry, which will apply from 1 April 2021, is provided above.

While the figures represent the average premium price change, this is not indicative of what every consumer may experience. Some products may be offered with either a lower or a higher price change when compared to the industry or their insurer’s average. Insurers must inform their members in writing of the exact premium price change for their particular policy.

The Australian Government provides around $6.3 billion annually to support consumers with the price of their private health insurance premiums. Each year the rebate is adjusted following the release of the December quarter Consumer Price Index figures by the Australian Bureau of Statistics in late January 2021. Because of this, insurers are unable to provide definitive information to their policy holders regarding changes to premium levels until February 2021, for effect from 1 April 2021.

For information on the formula used to calculate the change in private health insurance premiums – see the Apply to increase private health insurance premiums page.