FREQUENTLY ASKED QUESTION

How is my premium calculated?

To calculate a premium, we use claims and service cost data from previous years and forecasted future costs to estimate the amount we’ll need to spend in the coming year. This is adjusted across each State, so we can safely cover the estimated costs.

We calculate your premium based on your cover’s premium change, your Australian Government Rebate , and if applicable, any Lifetime Health Cover loading. If you receive a direct debit, corporate, or other discount, this will also be applied to your premium calculations.