Premium Price Changes
Your health cover premium is increasing on 1 April 2025
Every year, all private health insurers across Australia review their premiums and can submit changes for approval to the Federal Minister for Health and Aged Care. Find out more about the reasons for this change.
Why are premiums increasing?
We understand that premium increases can be challenging. We want to reassure you that we’re committed to keeping increases as low as possible while managing the rising costs of healthcare in Australia and continuing to find ways to provide even greater value for our members.
Rising costs of healthcare
Healthcare costs are increasing, with the price of treatments and hospital charges continuing to rise. This puts pressure on the healthcare industry to manage the rising costs of private care.
Supporting claims
While we work hard to keep premium increases as low as possible, this year’s adjustment is necessary to keep pace with rising claims.
Industry pressure and higher operational costs
The Australian healthcare sector is seeing significant cost increases, with health sector inflation reaching 5.7% in FY24. This increase makes it harder for health funds to cover rising expenses.
How can I reduce my premium?
We understand that rising costs are making it harder to balance expenses, and we’re here to help. There are a few ways you might be able to reduce your premium while still getting value from your cover.
Not all options may apply to everyone, but we’re happy to help you explore what works best for you.
Contact us, opens in a new tab to learn more about your options.
Here are all the ways we help you save
Make the most out of your cover
Your cover comes with a range of tools, discounts and benefits designed to help you get the most value for your membership.
Visit our partnered providers
Our First Choice network brings together dentists, opens in a new tab, optometrists, opens in a new tab and physios, opens in a new tab who offer quality care at set prices (also known as agreed rates)¹. Access discounts and special offers, to make your healthcare more affordable and easier to access.
Reduce your hospital costs
With thousands of Medical Gap Network, opens in a new tab-registered specialists, you could benefit from reduced or eliminated 'gap' costs for in-patient treatments nationwide including anesthesia, general practice, obstetrics and gynaecology, paediatrics and child health, surgery, ophthalmology and psychiatry².
Get rewarded for being a member
Unlock, opens in a new tab even more value from your membership with discounts on everyday expenses like groceries and petrol, along with exclusive offers on major brands, dining, movie tickets and more. Plus, earn points on selected offers to save even more.
Enjoy convenient health services
Get the support you need, whenever and wherever it suits you with access to discounted pricing with GP Telehealth, medical certificates and prescriptions delivered to your door, thanks to our partnership with hub.health.
Get a discount on nib Travel Insurance
Get 10%³ off nib travel insurance plans to protect your trip and travel well.
Consider the PDS & TMD. T&Cs apply, opens in a new tab.
Access free health and wellbeing tools
Explore a range of health and wellbeing resources to help you lead your healthiest life. Access personalised health insights with our free online skin or health checks.
You could pay less at tax time
Having hospital cover can help you save at tax time by avoiding the Medicare Levy Surcharge, opens in a new tab (MLS), which applies if you earn above a certain threshold. Plus, with private health insurance, you can access the Australian Government Rebate, opens in a new tab (AGR), further reducing your premiums and making health cover more affordable.
Skip long public hospital wait lists
Our Hospital cover gives you more control over your care, letting you choose your doctor, your hospital and the timing of your treatment, so you get the care you need, when it suits you.
Save on everyday health
Our Extras cover helps you stay on top of your health and wellbeing without breaking the bank on dental check-ups, physio sessions and optical care.
Be prepared for the unexpected
The last thing you’ll want to worry about during an emergency is paying for the cost of an ambulance. Depending on the state where you live, our covers give you access to unlimited emergency Ambulance cover, so you’re protected when you need it most.
Frequently asked questions
We’re here to help
We’re committed to being here for you, offering guidance and support at every step of your journey towards better health and wellbeing.
Disclaimers
1nib First Choice providers offer competitive fees for many commonly claimed treatments and consultations. These fees are reviewed at least annually and are subject to change. Always check guhealth.com.au/find-a-provider, opens in a new tab, or the GU Health App, opens in a new tab before booking to see if your provider participates or simply ask your provider if they are part of nib’s network at the time of booking. Providers occasionally leave the nib First Choice network so it’s important to check before booking to avoid disappointment. Annual limits, waiting periods & T&Cs apply.
2Coverage may differ depending on your level of cover and policy exclusions, waiting periods, hospital excess and limits and whether you go to an nib Agreement Hospital, a non-agreement private hospital or a public hospital. Out-of-pocket expenses may apply.
3 nib Travel Insurance Distribution Pty Limited, ABN 40 129 262 175, AR 336467 is an authorised representative of nib Travel Services (Australia) Pty Ltd (nib), ABN 81 115 932 173, AFSL 308461 and act as nib's agent and not as your agent. This is general advice only. Before you buy, you should consider your needs, the Product Disclosure Statement (PDS), Financial Services Guide (FSG) and Target Market Determination (TMD), opens in a new tab available from us. This insurance is underwritten by Pacific International Insurance Pty Ltd, ABN 83 169 311 193.
*The discount applies to the total nib travel insurance premium and is for customers that currently hold an Australian health insurance product, an Overseas Student Health Cover product or an Overseas Visitors Health Cover product with nib. Discounts do not apply to the rate of GST and stamp duty or any changes you make to the policy. nib has the discretion to withdraw or amend this discount offer at any time. This discount cannot be used in conjunction with any other promotional offer or discount