Mythbusting: The truth about private health cover

Separating facts from fiction following the health insurance price hike announcement

Health insurers have announced their annual price rise, which has prompted Australians to take a closer look at their health insurance requirements. SBS reports that one in four Aussies are ready to get rid of private cover, while one in three are thinking of shopping around for a better deal.*

Before you take drastic action with your health insurance, it’s important to separate the facts from fiction. Here are five common myths about private health cover, and the facts that can help you compare and save.

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.

  1. If I switch policies I will lose my cover

    Portability laws are in place to protect consumers who want to find a lower price on health cover. If you switch to a hospital policy with equal or lesser coverage, you don’t have to re-sit any waiting periods. It’s in your best interest to find a policy that offers the best value, and the law is on your side.

  2. To lower my health premium I need to downgrade my insurance

    It may be tempting to cut corners on your health cover in order to save money, but ultimately this can backfire. There are so many products on the market that you can often find the level of coverage you want at a lower price. Talk to an insurance expert at HealthInsuranceComparison.com.au for help with comparing policies and finding great ways to save without sacrificing quality.

  3. Insurance agents can’t be trusted because they just want a commission

    The consultants at Health Insurance Comparison do not charge a fee for their services and are obligated to provide unbiased information about health cover. Their aim is to help you save money and feel good about doing it, not push you to sign up with a particular insurer.

  4. It’s too late to switch – my insurer has already said that my premium will go up

    It’s never too late to find a better deal on health cover. In fact, this year you are in a better position to save because the premium increases were announced earlier than usual. If you shop around now, you may be able to lock in a lower deal before the price rise is implemented on 1 April.

  5. Health insurance is only for wealthy people
  6. Health care is not a luxury item. It’s an essential purchase for many everyday Australians, no matter what their income level. By comparing offers from different insurers, you can have peace of mind that you’ve found a low price on cover that will protect you and your family.

Don’t let misconceptions inform your health decisions. Contact HealthInsuranceComparison.com.au today for guidance on finding a policy that gives you great value for money.

*SBS, One-in-four plan to drop health insurance, http://www.sbs.com.au/news/article/2017/02/13/one-four-plan-drop-health-insurance

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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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