What impacts the cost of health insurance?
Health insurance is community rated which means you don't have to pay more for pre-existing conditions and the price you pay isn't impacted by your age.
However, here are a few things that can impact your quote:
- Lifetime Health Cover (LHC) loading. If you haven't taken out private health cover by the time you turn 31, you'll have to pay 2% extra for each year you were uninsured when you do eventually take it out.
- Medicare Levy Surcharge (MLS). This is an additional tax penalty ranging from 1–1.5% of your annual income, depending on how much you earn, and is applied every year that you do not have an adequate private health insurance policy.
- Private health insurance rebate. One of the major benefits of having private health insurance is being able to claim the private health insurance rebate. The rebate is determined by your age, your relationship status and your income.
- Your excess or co-payment. When you take out insurance, you can agree to take some responsibility for the health cover costs in return for lower premiums – this is your excess. You only pay it if you go to hospital. The higher your excess, the lower your premiums will be.
- Your location. If you live in a regional area of Australia, your insurance might cost you more due to poorer access to health facilities as well as potential travel and accommodation expenses.
- Which fund you choose. Use the new tiered structure – Basic, Bronze, Silver and Gold. If you shop around, you can find more affordable providers and better value for money.
What is the best health insurance that pays well for natural therapies that is needed weekly
Hi Maureen,
Thanks for your comment and I hope you are well!
You can compare and choose health insurance for natural therapies. You can use our comparison table that shows the amount of cover offered by each for natural therapy service. While choosing, don’t forget to read each insurer’s limit, type of policy, price and etc. You can press the ‘Go to site’ button which brings you to the provider’s official page to get a quote and start your application. If you need more options, you may utilize the online form that can be found further down the page. An insurer will contact you upon receipt of your inquiry. At this point, you can also let them know that you would need weekly therapy.
As a friendly reminder, carefully review the Product Disclosure Statement of the product before applying. You may also contact the insurance provider should you have any questions about their policy.
Hope this helps and feel free to reach out to us again for further assistance.
With care,
Nikki
Is there any available private insurance package that covers beauty and plastic surgeries? What package is the most applicable for those procedures?
Hi Maria,
Thanks for getting in touch with Finder. I hope all is well with you. 😃
In most cases, elective cosmetic procedures are not covered by health insurance policies. However, reconstructive plastic surgery is likely to be covered. We do have a guide about health insurance covering cosmetic surgery. On the page, you will know which health funds cover medically necessary plastic surgery.
If you are after health insurance that covers elective surgery, your options might be limited. You may want to fill out our health insurance search form. You can ask the insurers directly whether they cover elective cosmetic surgeries or not.
I hope this helps. Should you have further questions, please don’t hesitate to reach out again.
Have a wonderful day!
Cheers,
Joshua
Hi there , is there a health fund which allows me to use my total benefit where ever i like to spend ,instead of their own set breakdown ?
Hi Surinder,
You can look for a combined limit on many extras, as an example, AHM just give you one year limit to use. If you use the comparison above, you can see an individual breakdown of every funds policy limits – hope this helps!
Cheers,
Reggie
Do any funds cover the cost of Intraocular Lenses to cure Cataracts please?
Hi David,
Thanks for getting in touch!
We have a list of policies that cover cataract surgery and health insurance for major eye surgery. You can use our comparison table to help you find the insurer that suits you. There’s also a form on the page you can fill out to compare quotes from different brands side-by-side. When you are ready, press the ‘Go to site’ button to apply.
Hope this was helpful.
Best,
Nikki
Please give me health funds which have a policy for NO pregnancy or infertility cover.
Hi Pauline,
Thank you for reaching out to finder.
Yes – it’s only top-level hospital cover (Gold or the occasional Silver Plus) that include pregnancy in the policy, by comparing Silver policies, or below – these won’t include pregnancy.
Cheers,
Reggie