Ever thought about getting private health insurance but never quite got round to it? Perhaps you have been tempted to get private health insurance, only to be put off by the choice or the cost? Choosing private health cover can be tricky, and for some, it can seem unnecessary.
However, there are some very good reasons why you should put aside your doubts, and apply for private health cover today!
No one has a crystal ball. Well, some fortune tellers obviously do, but it’s debatable whether they work. For this reason, no one can predict a trip down the stairs, a slip on the pavement, or something more serious.
Something that needs a ride in an ambulance or a long stay in hospital. If you don’t have private healthcare to cover these eventualities, you could find yourself seriously out of pocket – at a time when you should be concentrating on recovery. Then you don’t need to use your emergency fund – if you have one – on this type of emergency.
Nice smiles rarely come for free. From regular check-ups and fillings, to cleanings and braces, going to the dentist is a must. It can also be expensive – especially if the whole family needs to go. Private healthcare can cover extras such as dental, which can greatly reduce your out-of-pocket costs in the dental chair. The same goes for optical extras, physio extras, and so much more.
Anyone who has kids knows you can’t wrap them in cotton wool. They get in scrapes, they break things, they get sick, they need glasses, they need braces, they need jabs, and they fall over a lot.
If they require a trip to the doctor, the dentist, the orthodontist, the optician, or even the hospital, those costs can really stack up. Private health insurance can cover the whole family, so no matter who needs treatment, they can get it!
There are various government-related reasons to invest in private health cover as well. First up is the Private Health Insurance Rebate, which offers up to 30% rebate on private health cover costs.
There is also Lifetime Health Cover loading, which encourages you to get private health insurance by the time you are 31 (or it starts getting more expensive). And if you earn over a certain amount and don’t have private healthcare, you may have to pay the Medicare Levy Surcharge.
If you have been put off buying private health insurance because you think it’s too expensive, it might be time to think again. There are a number of basic options to choose from, and you can mix and match hospital and extras cover with different providers to get the best deal.
When making your decision, be sure to compare all your options and choose the option that gives you the coverage you need, at a price that suits you. Always read the small print and ask your insurer questions if there is anything you are unsure about.