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Missed out on EOFY health insurance deals? It’s not too late to save

Those looking to avoid tax penalties can still find good-value health cover.

Last-minute deals on health insurance are still available for those who missed out on the June 30th deadline. Australians over the age of 30 or over a certain income level are encouraged to purchase hospital cover before the end of the financial year to avoid tax penalties, but it’s not too late to save.

While it’s true that the end of the financial year is a good time to buy health cover, it’s not the only time you can find a great deal. Shopping around is the first step to finding affordable health insurance, no matter what time of year it is.

Here’s How You Do It:

Step 1: Select your current life stage below.
Step 2: Once you select your preferred coverage options, you will have the opportunity to compare quotes from multiple health funds.

There are plenty of good reasons to have private health insurance. It lets you choose your doctor and hospital, plus you can benefit from shorter waiting times for hospital procedures. It can also save you from tax penalties, but the fact remains that younger people have other financial priorities besides health cover.

Buying health cover isn’t a decision to rush into because you want to avoid a tax liability; that’s how people get stuck with junk policies that offer little value. When purchasing health cover it pays to think about what you expect out of your coverage, because not all policies are created equal.

Remember that the Lifetime Health Cover loading and Medicare Levy Surcharge apply to hospital cover, not extras cover. If you are interested in both types of cover, you are not required to purchase both from the same insurer. In fact, you may be able to save more money by buying them separately.

Visit HealthInsuranceComparison.com.au to compare deals on policies that are personalised to your requirements. The online search function will scour hundreds of policies to weed out the ones you don’t want and focus on the ones you do.

Having good health insurance doesn’t have to mean delaying your other financial goals, such as saving for a house deposit or paying down your debt. Shopping around can help you find affordable cover that fits into your budget without blowing it.

There are still great last-minute deals available on HealthInsuranceComparison.com.au, so don’t miss out. Finding a great policy is easy, and an expert insurance consultant will help you get set up. Compare today and you could save time and money on your health insurance.

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.

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