Rise in cost of private health insurance prompts a closer look at policies

A rise in private health-insurance costs may prompt some people to take a closer look at their policy's fine print. On April 1st premiums across the board rose on average by 5.6 per cent, or around 200-dollars-a-year. At the current rate, fees are increasing at twice the rate of inflation, with costs for some fund members up by as much as ten per cent.

A sign seen at a Medibank branch in Sydney Source: AAP