Fri, November 29, 2024
Thu, November 28, 2024
[ Thu, Nov 28th 2024 ]: Phil Bruner
Bay Athletic Club to relocate
Wed, November 27, 2024

Young people pile into private health insurance

  Copy link into your clipboard //health-fitness.news-articles.net/content/2024/ .. g-people-pile-into-private-health-insurance.html
  Print publication without navigation Published in Health and Fitness on by Phil Bruner
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
A surge in young people taking up private health cover drove membership to a record high in the September quarter, despite a cost-of-living crisis.
The article from the Australian Financial Review discusses a significant trend where young Australians are increasingly opting for private health insurance, driven by the rising costs of public healthcare and the desire to avoid long waiting times for treatments. This shift is particularly noted among millennials and Gen Z, who are not only seeking coverage for immediate health needs but also for future financial planning, including tax benefits and avoiding the Lifetime Health Cover loading. The surge in private health insurance uptake is also fueled by innovative marketing strategies by insurers, targeting younger demographics through social media and offering tailored, affordable plans. This trend reflects a broader societal shift towards proactive health management and financial prudence among younger generations.

Read the Full The Australian Financial Review Article at [ https://www.afr.com/companies/healthcare-and-fitness/young-people-pile-into-private-health-insurance-20241128-p5kubf ]