Victorians still paying more for private cover
Victorian households are paying up to $1,000 more a year for private health insurance than their interstate counterparts for identical policies, a study has revealed. In Victoria, for example, Medibank Private's top hospital cover for a family costs $2,031 a year, while in NSW the same cover costs $1,568. In the Northern Territory an identical policy costs $975 a year. A Medibank combined hospital and extras package costs Victorian couples $2,533 a year, while in Tasmania they would pay $1,864. HBA's Start ‘n Save singles policy costs $506.40 in Victoria but only $373.20 in WA. Health funds put down the higher costs in Victoria to the state's older population, however analysis shows that the average age of a Victorian fund member is 38.49 years – lower than the national average of 38.96. Health fund members in Queensland, SA and Tasmania are all older on average than Victorian members.