According to Laura Crowden, spokeswoman for comparison website iSelect, anyone struggling with the cost of private health cover should consider switching providers rather than cancelling it altogether. Saving money doesn t have to mean compromising your level of cover, with many customers able to ease the budget strain by switching to a similar level of cover with a different fund for a cheaper price, she said. Your health fund should notify you of exactly how much your policy will increase from April 1 and this should be your prompt to shop around to see how your current policy stacks up. It s estimated that only 1 in 5 Australians switch health funds each year but there are consumer protections in place to make it easier.
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