Private health insurance premiums surge in biggest hike

Private health insurance premiums in Australia will increase by an average of 4.41% from April 1, marking the largest rise in nearly a decade. The four major providers are implementing even steeper increases, with NIB leading at 5.47%, while some smaller providers are only raising rates by 1.9%. Consumers can save money by comparing providers, reviewing their coverage extras, paying annual premiums before April 1, and understanding that switching between providers with equivalent cover doesn't reset waiting periods.See omnystudio.com/listener for privacy information.See omnystudio.com/listener for privacy information.