Time is running out to secure affordable health cover
Avoid extra taxes by securing a good deal on health cover before the end of the financial year
If you don’t have health cover by the end of the financial year, you could be liable for an extra tax or two. Now is a great time to compare health insurance and snap up an affordable policy, and it’s probably easier than you think.
HealthInsuranceComparison.com.au is a great service that helps you compare health insurance to find a better deal than what you’re on now. If you don’t have cover at all, it can help with that too.
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.
Health insurance can be complicated, especially if you’ve never done it before. What type of policy should you get? How can you be sure it will exempt you from unnecessary taxes? Get the answers to all of your questions by chatting to a health insurance expert over the phone; it’s all part of the free service so you won’t have to pay any extra.
As the financial year winds to an end, here are two taxes that could apply to you if you don’t have an appropriate level of hospital cover.
- Lifetime Health Cover Loading
If you’ve just turned 31, pay close attention. When you don’t buy hospital cover by 1 July after your 31st birthday, you’ll be hit with an extra 2 percent loading tax on your health insurance premium every year. Buy hospital cover before the new financial year and you can avoid this extra fee.
- Medicare Levy Surcharge
This one is for high income earners. If you earn more than $90,000 per year as a single or $180,000 per year for families and couples, you’re up for an extra tax if you don’t have hospital cover. Get the coverage before 1 July and you won’t have to pay the tax.
You may be tempted to calculate the cost of health cover and weigh it up against the cost of not having health cover, but that’s a false equivalency. The cost of not having health cover could be far greater than paying a tax once a year.
Not only could a lack of health cover cost you thousands of dollars in unplanned medical costs, it means that you won’t have flexibility in managing your treatment. On top of that, the mental and emotional stress that comes with a health scare can be compounded by a lack of coverage.
Fortunately, health care can be affordable when you shop around. Visit HealthInsuranceComparison.com.au today to find a great deal on health cover before the end of the financial year.
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.