Why do premiums change
Why do premiums change
To put it simply, premiums are reviewed each year to help cover the cost of providing medical care to all Aussies.
There are lots of factors that influence why premiums change. These include:
Rising healthcare costs
Every year it gets more expensive to deliver healthcare in Australia because of things like higher doctors’ fees, increased wages for hospital staff, and the growing cost of medical equipment and procedures.
The increasing number of claims we pay out each year
Australia’s population is ageing, and with that comes more health conditions, which means more claims for us to cover.
New advances in medical technology and treatments
These breakthroughs can be life-changing, but they’re usually more expensive to provide.
Review your cover
Review your cover
Life changes, and your health needs might too! So, it’s good to make sure you’re on the right cover to suit you. Log in to your account online or via the ahm app to check out your current cover inclusions and review your cover to see if there’s a better fit.
Pay in advance
Pay in advance
You can lock in your current premium by prepaying before the 1 April premium increase takes effect. You can prepay up to 12 months of premiums.
If you’re paying with BPAY, just make sure you allow up to three business days before 1 April for the payment to go through.
Find out more about how to prepay your premiums.
Paying your premiums
Paying your premiums
If you pay by direct debit, your new premium will be automatically updated with your first payment on or after the change takes effect. For BPAY payments, you’ll need to make sure you update the amount you are paying.
If you pay your premium from payroll deductions, we'll make sure your pay office updates the amount deducted.
Find out more about easy ways to pay your premiums.
Need extra support?
General enquiries
General enquiries
Need to chat? We’re here to help.
Financial hardship
Financial hardship
If you're dealing with financial hardship, we're here to help.