Health Insurance

Health insurance is a type of insurance coverage that covers the cost of an insured individual’s medical and surgical expenses. Depending on the type of health insurance coverage, either the insured pays costs out-of-pocket and is then reimbursed, or the insurer makes payments directly to the provider.

In health insurance terminology, the “provider” is a clinic, hospital, doctor, laboratory, health care practitioner, or pharmacy. The “insured” is the owner of the health insurance policy; the person with the health insurance coverage.

No matter what the reason, it makes sense to have health insurance. Whether you want to be prepared for whenever you may need it or if you simply want to take advantage of the government rebates – either way, it will save you money as well as give you huge peace of mind. Everybody at some time in their life, and often on many occasions, will need some kind of medical attention and treatment. When medical care is required, ideally the patient should be able to concentrate on getting better, rather than wondering whether he/she has got the resources to pay for all the bills.

What Is Covered By Private Health Insurance?

Private health insurance cover is generally divided into hospital cover, general treatment cover (also known as ancillary or extras cover) and ambulance cover. Ambulance cover may be available separately, combined with other policies, or in some cases is covered by your state government.

There are different types of cover that offer different benefits. Check with your health fund to be sure of exactly what you are covered for. It will not only save you a lot of money but in quite a number of cases you will be able to get coverage for services that will give you a high level of convenience when you need it most. These include:

  • Choice of hospital
  • Choice of doctor
  • Ambulance cover
  • Lower, and in some instances, no waiting periods

So if you have the misfortune of ending up in hospital for whatever reason, health cover can make your hospital stay so much less stressful especially when saving on those hidden costs such as using the ambulance service.

By using our comparison quote service you can also compare and select the best health insurance extras to suit your present needs. These optional extras include:

  • Optical
  • Acupuncture & other natural therapies
  • Chiropractor
  • Physiotherapist
  • Dentist

The cost savings can be quite significant per year when you add up all the extras that you can save on. For example, if you wear glasses then the cost of frames or contacts combined with your six monthly regular dental check-ups, may in fact cover the cost of your private health cover. That way you won’t have to face any extra expense.

Do I Really Need Health Insurance?

But what if you are young and healthy? Do you still need health insurance? Well you may not feel as though you do but by doing a comparison on health cover you may find that by cutting back on things like hospital costs and opting for a wider gap cost, you will most likely be able to get more extras and still be able to save money!

Another thing to consider is the Medicare Levy Surcharge, which is a government initiative that taxes individuals with incomes over $84,000 an extra 1%. That means that depending on your choice of medical cover combined with your taxable income, the price of the Medicare surcharge could end up being the cost of your private health insurance! So why not get the benefits of private health insurance as well as saving on your annual tax bill!

So why not use our health insurance comparison service lets and grab the best deals on health cover in Australia.

Don’t wait any more – get the best deal on your health insurance. Once you’ve filled out our easy online form, we’ll get back to you with a range of quotes to suit your needs.

We’ve got you covered!