Health insurance premium change 2025
These little tips could help you save a lot
No matter what those changes might be, these little tips could help you save a lot.
Pay in advance to ‘lock in’ your current premium
If your HBF premium is changing, it will change on 1 April 2025.
At HBF, you can pre-pay amounts to ‘lock in’ the 2024 rate provided your payment is received by us on or before 31 March 2025. Get the details about this and more on our Frequently asked questions page.
Minimise your out-of-pockets with HBF Member Plus
Member Plus is a network of providers who have partnered with us to help minimise your out-of-pocket costs.
- Thousands of HBF Member Plus providers nationally
- Great benefits for dental
- Also for optical, hospital and more
Save on hospital bills
When it’s time to visit hospital, follow these steps.
- Choose an HBF Member Plus hospital
- Talk to us before your treatment
- Stay in-the-know with the info below
You could save on taxes
The Medicare Levy Surcharge (MLS) is a tax applied to people who don’t have an appropriate level of hospital cover and from July 1 2024:
The tax is designed to encourage Australians to get hospital cover and use private hospitals. This reduces demand on the public health system.
You can avoid this tax by getting hospital cover. It's good to note that the cost of the Medicare Levy Surcharge often exceeds the cost of getting hospital cover.
Review your excess
You may be able to reduce your hospital insurance premiums without reducing what you’re covered for by increasing your excess.
More ways we can help
