RATE REVIEW 2007...

Peoplecare Health Insurance has received approval from the Government to implement our new rates from 1 April 2007.

All health funds review their premiums and benefits on an annual basis and are subject to assessment by an independent actuary and then approval by the Federal Government. This process ensures that any premium increases are appropriate to ensure the fund remains financially viable into the future, while remaining competitive.

We are proud that we have managed to keep the average premium increase significantly lower than the health insurance industry average of 4.52% this year.

Here are the highlights of the 2007 rate review:

•  a small average increase of just 3.47% (compared with the 2007 industry average of 4.52%)

•  some premiums have not increased

•  the introduction of Single Parent rate for hospital cover (due to changes to Government policy regarding the calculation of rates)

This is possible due to the ongoing strong financial performance of the fund in 2006/2007 and despite some benefit costs increasing by 8% or more. We have also continued our focus on efficient and cost-effective management and we have one of the lowest overheads in the health insurance industry.

As you may already know, Peoplecare is a not-for-profit fund, which means that we calculate our rates based on the claims experience for each product along with the cost of operating the fund. Peoplecare remains committed to providing you with excellent value, competitive premiums and exceptional service.

We are mailing all members week beginning 5 March to advise of the new rates from 1 April 2007, so members should receive your personal notification by mid-March. Our new rates have been updated on this website.

The Family & Friends Campaign for July to December 2006 has just ended, and the prize draw was undertaken on 2 January 2007. We are pleased to announce that the winner was member Mr Richard Brown, of Cabbage Tree Point in Queensland.

Our congratulations go to Richard, who was delighted with his win, and will receive his iPod 30gb very soon.

The campaign is again available for the period January to June 2007.

If you would like to enter in our Family & Friends competition for January to June 2007 you can do so here

ANNUAL REPORT? NO THANKS...

We're encouraging members who don't need a paper copy of the Annual Report from 2007 to let us know. This will help us reduce our administration expenses.

An electronic copy of the Annual Report is available for download from our website, or we can email it to you if you'd prefer. You'll still be entitled to vote at the Annual General Meeting and will continue to receive AGM materials in the mail every year, but we won't send you a paper copy of the Annual Report from 2007 onwards. If you ever change your mind, just let us know.

If you don't want to receive an Annual Report by mail, you can click here to let us know or choose one of the following options:

Email:          info@peoplecare.com.au

Phone:         1800 808 690

Fax/Mail:    (02) 4224.300 or by using our Reply Paid address

                          (no postage stamp required):

Peoplecare

Reply Paid 83743

Wollongong DC NSW 2500

 

TRAVEL INSURANCE...

Peoplecare offers our members discounted travel insurance through QBE Travel Insurance.

Competitive policies are available for both international and domestic travel, and we also offer an Annual Multi Trip policy for those members and family who travel frequently during a 12 month period.

For details of the policies available and a product disclosure statement you can visit the Travel Insurance pages on this website, or call us on 1800 808 690 to discuss your requirements and arrange a policy.