A premium is the amount of money paid by a member or on behalf of a member for their health insurance policy with Accuro.
Premiums are based on:
•the number of plans you choose – the more extensive the cover you select, the higher your total premiums will be
•whether or not you have chosen to pay an excess on claims – the higher the excess, the lower your premiums will be
•the total number of people on your plan (for example, a partner and/or dependent children)
•your smoking status.
Our application process includes a medical questionnaire, but this assessment does not affect the premiums you pay. So don't be concerned about paying higher premiums because you have a pre-existing condition, it just may mean an exclusion will be placed against this condition on your policy. Our premiums are based on age and are the same for males and females.
Premiums will rise between the ages of 20 and 80, but they won't increase just because you have made a claim. We review our premium structure annually and take into consideration factors such as the increasing cost of medical technology and the rising number of claims when calculating a premium increase.