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February 2018 News

26/02/2018 - 9:24am

On February 19 it was announced that the two largest not-for-profit health funds in Australia, HBF and HCF, were in talks to complete a merger. This momentous agreement could change the country's health insurance landscape and fundamentally shift the market position of these two funds.

With that in mind, what are the details of the health fund merger and what exactly could it mean for health insurance customers?

21/02/2018 - 10:04am

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.

19/02/2018 - 9:06am

The Labour party has come out swinging at health insurance funds. They called yearly premium increases aggressive and claimed health funds made billions in profit every year. Firstly, Australian Prudential Regulation Authority statistics put total profits of all health funds at just over $1.2 billion. Secondly, premium increases aren't an aggressive move to increase profit - they're quite the opposite.

07/02/2018 - 8:56am

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.