Medical insurance premium changes – what you need to know
Kirk Hawkins | Wed Oct 15 2025
Starting this month, medical insurance premiums are increasing across the industry. I understand that any change to your premium can raise questions, especially when everyday costs are already rising. This update is designed to help you understand what’s driving the change - and how we can make sure your cover still works for you.
Why premiums are rising
Premiums can increase when the cost of paying insurance claims goes up. This is being driven by factors such as:
Premiums can increase when the cost of paying insurance claims goes up. This is being driven by factors such as:
- The rising cost of consultations, medical treatments, and equipment
- An increase in the number and type of treatments being claimed
- New technologies and techniques are improving healthcare - but also increasing costs
- A growing number of surgical procedures across all age groups
How premiums are calculated
Medical insurance premiums are based on factors like age, gender, smoking status, and your chosen excess level.
Medical insurance premiums are based on factors like age, gender, smoking status, and your chosen excess level.
As we age, the likelihood of requiring medical treatment increases, and premiums are adjusted to reflect this risk. Annual updates also include a component for medical claim inflation, which tends to rise faster than general living costs due to medical advancements and increased demand for healthcare.
What this means for you
I recommend taking this opportunity to review your policy to ensure it still provides the right protection and value for your current needs. If you’re concerned about affordability, I can help explore ways to manage your premium - such as adjusting your excess or cover level - without losing essential benefits.
I recommend taking this opportunity to review your policy to ensure it still provides the right protection and value for your current needs. If you’re concerned about affordability, I can help explore ways to manage your premium - such as adjusting your excess or cover level - without losing essential benefits.
Staying proactive helps ensure you and your family remain well protected, while keeping your cover sustainable for the future.
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