Health Insurance News

Employee turnover is expensive - more so than you'd think. In fact, a business of 50 employees can expect a turnover of roughly 10 staff per year, according to estimates from Harrison Human Resources. They also stated that the costs of hiring and retraining, as well as loss of productivity for replacing one employee could cost as much as their yearly salary. 

The Australian Taxation Office (ATO) will soon investigate more than 20 million international visa holders and foreign students, according to a recent media release from the organisation. Over the next three years they'll use data-matching techniques to identify tax avoidance, superannuation non-compliance and other related incidences.

Basic cover is an essential part of the complex private health insurance market, and a product of high value to those who use it. Despite that fact, it has come under fire in the media recently with some industry commentators questioning it's value.

With that in mind, let's have a closer look at why the market needs basic health insurance, and why so many customers value it.

In just a couple of months, some 13 million Australians are going to be looking at their private health insurance premiums to decide what cover they want moving forward. Insurance providers have been spending the later part of last year working out their insurance premium proposals to get approved by the Australian government. You may also know that these premiums are set to take affect on April 1, 2018.