Medibank and ahm have launched new reform compliant products ahead of the introduction of the Government reforms to private health insurance.
The reform compliant products give customers the opportunity to choose the most suitable cover ahead of 1 April.
Chief Customer Officer David Koczkar said Medibank and ahm are committed to making premiums more affordable through the adoption of the government’s optional recommendations.
“Medibank and ahm are proud to be one of the first health insurers to offer its customers new reform compliant products.”
“We know that our customers want peace of mind ahead of the introduction of the reforms on 1 April.”
“These new product offerings give customers clarity on what they are covered for and means they can avoid any changes to their cover later in the year,” Mr Koczkar said.
In addition to the new products, most Medibank and ahm customers will be transitioned onto Gold, Silver, Bronze and Basic products from 1 April.
Medibank and ahm will automatically apply a discount of up to 10 per cent on the majority of hospital products held by young adults from 1 April.
“Allowing our customers aged 18 to 29 to access the young adult discount of up to 10 per cent on hospital cover, depending on their age will result in lower premiums for them. This is good news for our younger customers who take out their own hospital cover.”
Customers can now choose a higher excess on most of our products in return for a lower premium.
“From 1 April, most of our customers will have the option to choose a higher excess on their existing hospital policy of $750 for singles or up to $1,500 for couples or families.”
“We are reaching out to our customers about these changes and encouraging them to contact us if they have any questions about the potential impact of the Government’s reforms and to review their level of cover if needed.
“We have added extra resources to our contact centres to support our customers through the reforms,” Mr Koczkar said.