The short answer is it depends. The longer answer is it depends on your health fund, your current policy and the amount they will put your premiums up by.
If you’re on a basic level of cover and a health fund that’s putting up premiums by less than the 2.90% average, you may not notice much difference.
It’s worth keeping in mind that these rate rises happen every year for most health funds. Over the course of a few years, your health insurance costs can creep up significantly while what’s contained in your policy remains largely the same.
Reviewing your policy regularly is a good idea to make sure you know how much you’re paying and what you’re covered for. And, like any purchase, shopping around can help you get the best value for money on your health insurance policy.