What Price For Your Health?

What Price For Your Health?

Baby Boomers, those people born before 1964, make up the largest segment of Australia's population and the demand for health services will increase considerably as they age.

The changes after July 1 have meant increases in health care contributions if you're over 30. There is a 2 per cent impost per year until you are 65 years of age, with the maximum impost being based on a 65-year old.

Get in early and you retain the benefits of no impost.

For example both a 65-year old and a 75-year old will both have a 70 per cent impost. This only applies to hospital cover and there is no impost on ancillary cover. This provides an incentive for people below 30 to buy private health insurance and retain it for life.

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