With health insurance premiums going up on 1 April 2019, many people are wondering if it’s time to change providers.

The April increase in premiums is always a good time think about whether your health insurance is right for you and if what you’re paying feels justified. Here are a few things to think about if you’re considering making the switch.

Is your plan meeting your needs?

You may have signed up at a time when certain things were essential to you – perhaps pregnancy care – and others didn’t seem as critical. As we get older, and our families grow, our health cover needs change, so it’s a really good idea to do a review at least every two years.

Make sure that your current policy covers you for those things that are important to you and your family at your current life stage. Consumer advocate Choice has a helpful health insurance buying guide.

Ask yourself why you have health insurance, what is crucial to you, and what you could possibly do without. For example, perhaps you’re paying for top extras cover but not really using most of it. Could you reduce this cover to obtain lower premiums in the year ahead?

Can you get a better deal elsewhere?

If you are considering switching, this is a good time of year to do it, as many health insurance providers are offering incentives.

Combine life, health and wellness with myOwn with AIA Vitality

Although we don’t offer health insurance, we can recommend a product: myOwn health insurance with AIA Vitality is a health insurance brand with a difference.

Most of us see health insurance as something we get for when things go wrong, but myOwn health insurance cover offers great incentives and discounts to proactively keep you healthy. It comes with AIA Vitality, which rewards you for everyday healthy choices. As a member, you get discounts and specials offers, including up to 50% off gym memberships, 25% off selected fitness devices, and up to 50% off travel with AIA Vitality’s flight partner.

You can also combine MyOwn with an eligible AIA Priority Protection (life insurance) for a full life, health and wellness package.

If you want more information about myOwn or would like for us to book a time with an advisor from myOwn to discuss, call us anytime on (02) 8268 2900 to talk about how we can help.

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