From 1 April 2019 health funds will have the option to offer discounts to Members aged 18-29 years to help get more younger Australians into health insurance early on. Insurers have the option to offer premium discounts on Hospital cover of 2% for each year that a person is aged under 30 when they first purchase hospital insurance, to a maximum of 10% for 18 to 25 year olds.
It's important to note though, that this is optional and may not be adopted by all insurers or applied to all products.
Will HIF be offering age base discounts?
At this stage, we're still unsure if we will be offering these discounts but please rest assured that if we do implement the discounts this will be communicated on our website. We encourage you to check
hif.com.au/changes to keep up to date will all changes relating to the private health insurance reforms.