What are you paying for when you buy health insurance?
Staying informed on health cover purchases helps Aussies make better choices.
A recent survey has revealed that 20 percent of Australians who have health insurance do not know how much they are paying for it.* With premiums due for a yearly price hike on 1 April, people could be paying too much for health cover without even realising it.
To stop overpaying on health cover, consumers must first know much they are paying. The next step is to understand your policy. When you don’t know what you’re paying for, it’s natural to feel like you’re not getting value for money.
The true value of private cover comes from a balance of quality and price. Visit HealthInsuranceComparison.com.au to compare your policy against the others out there. If you find a lower price or a better policy, a consultant will help you make the switch.
It’s a good idea to check in on your health policy once a year to make sure you’re paying for a policy that continues to suit your life stage. Here are three things to look at to stay informed on what you’re paying for.
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.
Choose the right policy type
People’s health requirements differ, and health insurance is designed to reflect that. Recently married couples may want to consider moving to a couple’s policy as opposed to two individual policies. Parents with children who have moved out may want to change from a family policy back to a couple’s policy. Life changes, and health insurance can change with it. Know what type of policy you have, and think about whether that is the best one for you.
Cherry-pick your extras coverage
Extras are out-of-hospital services that are typically not covered by medicare, but can be included under private health cover. Extras coverage is a significant benefit of private cover, but it can also increase costs if you don’t know what you’re paying for. When you compare with HealthInsuranceComparison.com.au you can choose the extras you want and leave out the ones you don’t, so you never pay for a service you don’t need.
Get hospital cover
If you have private cover, you should have hospital cover. This is what gives you an expanded range of choice in your healthcare, allowing you to choose your doctor and hospital as well as cutting down on your wait time for surgeries. Hospital cover also gives you a tax break, because you can avoid the Medicare Levy Surcharge.
This list is just a starting point, but increasing awareness about your health cover can help you keep your costs down while still remaining covered. If you have any questions about health insurance or are ready to find a better price, contact a consultant at Health Insurance Comparison today.
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.