#1 out of 7
business1d ago
Millions of Aussies have just WEEKS to claim huge benefits
- Millions of Australians could lose unclaimed health fund extras as benefits reset on December 31.
- Money.com.au found about 15 million people have one month to use their extras before expiry.
- The extras being wiped include optical, physio, and dental services.
- Older Australians are more likely to be unsure about unclaimed benefits, the study shows.
- About 19% of Millennials admitted not using their extras in 2024, costing their generation.
- Private health premium hikes were reported as the largest since 2018, averaging 3.73%.
- Money.com.au Health Insurance expert Chris Whitelaw warned people will lose thousands in benefits by year-end.
- The report notes a gap in awareness about annual limits among older generations.
- The study links end-of-year benefit expiry to the general cycle of private health insurance.
- About 31% of Aussies left some benefits unused in 2024 according to the study.
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