Sweeping changes to the Medicare rebate are set to roll out on 1 July 2021. But experts are warning that thousands of Aussies, particularly the over 60s, may be left out of pocket due to higher gap fees.
Fortunately, there are health insurance policies with no-gap and known-gap schemes that may reduce the risk of getting caught up in the government’s MBS mess.
They’re not always easy to find though, which is why it can be worth using the service at Health Insurance Comparison to compare cover and switch to a provider with better protection.
Despite doctors saying more time is needed before overhauling the Medicare Benefits Schedule (MBS)** the government is pushing ahead with changes that could put numerous Australians with health insurance out of pocket.
Older Australians, in particular, are expected to be disproportionately affected.
This is because the overhauls mainly relate to general surgery, orthopaedic surgery and cardiac services.
At the time of writing, it’s still not clear exactly what the impact will be as many private clinics are still trying to work out the new billing system.
But given the average gap fee in 2020 was $319* anything that adds to that, even in the short term, will make a serious dent in the average retiree’s pocket.
The service that’s slamming the door on gap fees
The good news is there’s a way to avoid soaring gap fees: by reviewing your current health insurance policy, and then comparing and switching for a better value deal.
Checking whether you have a no or known-gap policy can help cut any gap fees that you’ll need to pay on top of your current health insurance costs.
Out-of-pocket expenses are already out of control for many Australians with health insurance but thankfully, the experts at Health Insurance Comparison can help you find an affordable policy from our panel of insurers and ensure you have a great option to minimise out-of-pocket gap fees.
Get Started Now:
Step 1: Select your state below .
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.
*APRA, Quarterly Private Health statistics, Feb 2021
**ABC, Medicare rebate changes for surgeries kick in next month, but doctors say more time is needed, 7 Jun 2021
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