Get 1 month free with combined cover plus waive 2 & 6 month waiting periods
Offer available when you join hospital + extras before March 31st.
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Health insurance helps you cover the cost of private hospital treatments as well as some out-of-hospital services, such as benefits for dental. When choosing your health insurance, you can pick hospital, extras cover or a combined policy with both.
There are some key differences between Medicare and private health insurance.
|Medicare||Private health insurance|
|Public hospital services||
|Private room or hospital||
|Everyday health (dentist, physio, etc)||
There are big changes to health insurance coming April 1. Here are 5 things you need to know.
Have peace of mind, whether you want choice over your hospital or your surgeon, or you just want to feel safe in the knowledge that you’ve got protection.
Just want a basic policy that means you don’t get penalised? We got you. Health insurance means you can avoid fearing that claim form at tax time.
Don’t want to sit on a public waiting list for surgery? Private health insurance can help. You’ll be able to receive treatment quicker, in a private room and from a doctor that you choose.
If you get regular massages, physio treatments or you just like keeping your teeth in great condition, these out-of-hospital treatments are only covered by private health insurance.
It's up to you to decide what type of private health insurance you'd like cover for:
A hospital policy covers you for hospital procedures and accommodation, you can also choose your doctor. Hospital cover is also what you need to avoid the Medicare Levy Surcharge (MLS).
Extras cover allows you to claim for out-of-hospital health services such as dental and physio. Extras pay either a set refund or a percentage refund.
A combined policy includes cover for both in and out of hospital services. They are often labelled as packages such as young couples - but you can also mix and match your own.
Private health insurance is community rated meaning that no matter how old you are or whether you have any pre-existing conditions, everyone pays the same amount for the same cover.
The cost of health insurance comes down to the choices you make. A basic hospital policy can start from $16 a week and an extras policy from just $3 a week with April 2018 pricing.
There are ways that you can save a few dollars:
The Australian Government has introduced a number of schemes to encourage people who can afford private health insurance to take it out. Private health care takes the burden off the public health system so people who really need it can access it when they need to. There are a few schemes that may impact you.
Yes, you can. Australian health funds offer a range of cover options for those moving to Australia. These policies are called Overseas Visitors Health Cover (OVHC) or Overseas Student Health Cover (OSHC). The type of cover you need will depend on your visa. However, people from countries that Australia has a Reciprocal Health Care Agreement with can access a certain level of subsidised treatment from Medicare. Be aware that the benefits are very limited, with anything but the most vital medical services likely not covered.
Reciprocal Health Care Agreement countries
Each health fund is different, policy prices, services covered, annual benefit limits, excess options and sign up offers can vary. Follow these key steps when comparing:
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