Tag: blue cross health insurance

UAE: Health insurance premiums to increase as new mandatory scheme announced – News

Zain
Published: Wed Mar 20 2024, 6:00 AM Last updated: Wed Mar 20 2024, 7:41 AM Health insurance premiums in the UAE are likely to go up following a surge in demand prompted by the introduction of a new mandatory scheme announced on March 18. Under this scheme, employers must provide insurance to their employees. Industry executives say that insurers will have to calibrate their offerings to ensure that the pricing remains fair and balanced. All employers in the UAE must provide and pay for their employees’ health insurance from January 1, 2025 – including domestic workers. Employers will have to…Continue Reading

Health insurers jump on ASX as premiums go up, gold and bitcoin push toward record highs — as it happened

Zain
The Australian Bureau of Statistics have just dropped the last “partials” that were released ahead of the National Accounts (GDP) data out tomorrow. Following yesterday’s shock 1.7% drop in inventories, which would wipe a full percentage point off GDP, today brought some better news on the trade front. “The $3.9 billion rise in net trade (seasonally adjusted, chain volume measure) is expected to contribute 0.6 percentage points to the December quarter 2023 GDP quarterly movement,” the ABS noted. So that offsets a fair chunk of the inventory hit. Goods exports rose 3.1 per cent, mainly reflecting higher prices. Coal and…Continue Reading

Premium rates skyrocket for millions of Aussies, here is the damage to you

Zain
Aussies will be hit with the biggest price hike to private health insurance premiums in five years, the federal government has confirmed. Premiums will increase by 3.03 per cent, on average, with federal government approval, and will come into effect from April 1. This is higher than the 2.9 per cent increase policyholders were dealt in 2023 and marks the highest increase since 2019. Singles can expect to pay an extra $81 per year with the average increase, while families will have to fork out an extra $153 per year to cover. Many insurers also choose to increase beyond the…Continue Reading