The rate of health fund price increases over the last 10 years have left some Australians in a desperate situation, and often unknowingly paying substantially more than they need to for their health insurance.

Shockingly, health insurance rates increased by up to 9.56%¹ in 2025. But did you know, there are a few health funds that decided to NOT increase their rates at all!

The results may be surprising, according to the data and as summarised below, GMHBA has reduced their premiums by the smallest percentage over the last 10 years. Whereas Police Health Limited, increased their premium by the most!

Based on Department of Health data on average annual premium changes, GMHBA recorded the lowest average increase (3.7%) over the last decade.

Other strong performers in terms of consistent pricing increases include HBF, Medibank, and HIF, all under 4.1%.

Some of the other larger national funds, such as BUPA and NIB, averaged 4.5% and higher. See the full ranking table below.

The answer is simple, they do not want you to compare their policy against the others available in the market, and in doing so for you to find out that you can potentially get a better deal elsewhere. The cost of people comparing and switching is huge for them but for you it could be even bigger not to.

Many customers often remain loyal to brands for years, but loyalty comes with a price tag. You could be getting the same (or better) coverage for cheaper elsewhere.

Billy Explores launched in 2018 to help older Australian customers compare health insurance based on their needs. This is done by connecting consumers to a free health insurance comparison service with the the ability to compare health insurance policies from some larger and smaller funds*. By looking at both the premiums and inclusions side by side, it’s easy to see what better value options may be available, as well as how much money you might be able to save by switching to a different provider.

Based on Department of Health data from 2016–2025, average premiums have increased by approximately 45%. Billy Explores Health Insurance helps to connect Australians with a free comparison service to compare multiple health insurance brands, cover options and pricing all in the one place. The service saves time, but the biggest benefit for many could be potential dollar savings.

Step 1: Confirm the type of policy you are interested in.

Step 2: Confirm a few basic details and you will have the opportunity to hear about a range of health fund special offers*.

Many money smart Australians are thanking Billy Explores and Compare the Market for providing such an amazing service with an honest effort to help potentially save money for families across Australia. You can click here if you would like to compare to potentially enjoy the benefits of this free service.

Since launching, thousands of Australians have already jumped on board. Over 300,000² Australians have contacted Billy Explores to compare their household expenses, with the possibility of reducing their costs being referenced as their number one reason for using the site.

Billy Explores is a partner of Compare the Market which has years of experience comparing health insurance. Billy Explores’ customers have been able to take advantage of a comparison service which was designed to serve everyday people all over Australia with the aim of helping them reduce their household expenses and as a result, help improve their quality of life.