Originally published: Insurance Asia, 03 September 2025
Gen Z respondents were the most likely to raise their excess at 30%.
Around 17% of Australians with private health insurance, or 2.4 million people, have increased their excess in the past year to reduce premiums, according to a survey by Money.com.au.
The study found that 72% of policyholders kept their excess unchanged, whilst 10% were unaware they could adjust it.
Gen Z respondents were the most likely to raise their excess at 30%, followed by Millennials at 21%, Gen X at 14%, and Baby Boomers at 9%.
The survey of 1,000 Australians was conducted by Pureprofile in July 2025.
