I pay my premium by direct debit – do I need to do anything for the premium increase? No, the new payment amount will be updated automatically on 1 April 2018. Related articles What can I do to save on health insurance costs? Can I prepay my health insurance premium? Will the Australian Government Rebate change on 1 April 2018? I pay my premium from payroll deductions – do I need to do anything for the premium increase? What will my new premium be from 1 April?