Almost 15 million Australians covered by private health insurance will see their premiums rise by more than 3 per cent in the largest increase in five years. On Tuesday, the Albanese government approved an industry average premium increase of 3.03 per cent, effective April 1. The decision comes after severalContinue Reading
Australians with private health insurance coverage have just four days left to potentially claim thousands of dollars in unused healthcare visits, from trips to the dentists to a session with a physiotherapist. Nearly all major health insurance companies will reset their “extras” cover from January 1, meaning if policyholders haveContinue Reading
Private health funds have hit back at the government after it rejected its request to deliver the biggest premium hike in at least six years. Health Minister Mark Butler declined the request from 31 insurers that could have delivered an average increase of up to 6 per cent, insisting theContinue Reading
More than one in four Australians do not have any savings in their bank accounts, while more than two-thirds are in debt, a shocking new survey suggests. The troubling figures come during a period of relative economic strength with unemployment below four per cent, but suggest cost of living pressuresContinue Reading
Nearly five million Australians will be slugged with another cost-of-living increase within weeks when major health insurers raise premiums. Bupa, NIB and GMHBA will increase prices on their policies from October 1, with the industry average increase pegged at 2.9 per cent. The specific increases will vary between policies, butContinue Reading
It’s difficult to underestimate the success of Novo Nordisk, the company behind “miracle” weight loss jab Wegovy. Such is the popularity of the revolutionary weekly appetite suppressant lauded by Elon Musk and Kim Kardashian that the company has become the most valuable in Europe. The company also produces Ozempic, aContinue Reading
A tax expert has quickly dismantled a woman’s TikTok rant about her $13,000 tax bill, claiming the figures are “basic maths”. Gold Coast woman Marina Askew-Panetta copped a huge backlash after she took to social media to vent her frustration over her massive tax bill from the Australian Taxation OfficeContinue Reading
Australians who are too eager to fill out their tax return could face delays and run the risk of being asked follow up questions, according to a fresh warning from the tax office. More than 14 million people are expected to lodge an annual income tax return with the AustralianContinue Reading
One of the nation’s largest health insurers is offering its customers cash back as part of a $266 million boost to its Covid-19 financial support package. Medibank customers who have had a policy with the insurer within the last seven months will enjoy a two-month pause to increases to theirContinue Reading
Medibank executives should have their pay docked over their recent cyber breach, the financial services watchdog has warned. In a statement the Australian Prudential Regulation Authority said they had “intensified” their supervision of Medibank in the wake of last month’s cyber attack, in which suspected Russian-based hackers stole 9.7 millionContinue Reading