- Bupa - Health insurance
- Nib - Health insurance
- Ahm - Health insurance
- Hcf - Health insurance
- Media Bank - Health insurance
What do you need?
We’ve assessed top hospital plans combined with a high level of cover for extras. Such policies should represent the cream of private health insurance.Some people may consider this comprehensive level of cover unnecessary; for others, it could easily blow the family budget. Selecting the right private health cover really is about the art of compromise. If you’re young, healthy and/or single, and earn under the income threshold for the Medicare levy surcharge, you may decide to do without hospital cover.
You may, however, want assistance to cover expenses such as prescription glasses, physiotherapy or dental care. If so, you’re in the market for a stand-alone extras or ancillary health policy.
It’s always worth thinking ahead. Even if you can’t imagine ever needing obstetrics or a hip replacement, Australia also has another government incentive, Lifetime Health Cover, which was introduced in 2000 to encourage more people to take up private health insurance. If you don’t purchase private hospital cover before your 31st birthday, you will pay a 2 per cent loading for every year you are aged over 30.
In other words, if you’re a late bloomer and decide you need insurance at 40, it will cost you 20 per cent more than someone who has been insured since they were 30.
Still Confused?
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