What now for health insurance?

With a major deadline for those aged 35 or over looming this week, the future hangs in the balance for the health insurance market

The clock is ticking for consumers who want to purchase health insurance and beat strict new rules that will make cover more expensive. From Friday, people who are 35 or over when they first take out health insurance will face a loading of 2 per cent per year.

The new rules are designed to re-balance the demographics of the health insurance market and stabilise the cost of private health insurance. The government’s bid to ...