Have you ever thought about getting private health insurance, but never quite got around 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 get private health insurance coverage today!
5 Reasons You Should Get Private Health Insurance
1. Emergency Issues
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.
Unfortunately, there are some medical emergencies that need a ride in an ambulance or a long stay in the hospital. If you don’t have private healthcare to cover these eventualities, you could find yourself paying steep medical bills out of pocket at a time when you should be concentrating on recovery. However, if you have private health insurance, then you don’t need to use your emergency fund to pay for these expenses.
2. Nice Smiles
Nice smiles and good dental insurance 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. One of the reasons to get private health insurance is because it can cover extras such as dental. Having these insurance extras can greatly reduce your out-of-pocket costs in the dental chair. The same goes for optical extras, physio extras, and so much more.
3. Family Coverage
Anyone who has kids knows you can’t protect them in a plastic bubble. They get in scrapes, break things, and occasionally get sick. Additionally, they need glasses, they braces, vaccinations, and regular check-ups.
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!
4. Saving Money
There are various government-related reasons to invest in private health coverage as well. First, the Private Health Insurance Rebate offers up to 30% rebate on private health coverage costs.
There is also Lifetime Health Cover loading, which encourages you to get private health insurance by the time you are 31 (before 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.
5. Cheaper Options
If you have 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. Best of all, you can mix and match hospital and extras coverage with different providers to get the best deal.
Where to Shop for Private Health Insurance
If you are looking into purchasing private health insurance, there is more to consider than just the premiums and deductibles. Many employers offered sponsored plans, but there are other options out there.
For those who do not qualify for employer-sponsored plans, you can visit the Health Insurance Marketplace established under the Affordable Care Act to compare your coverage options. Not only can you see if you qualify for a subsidy, but the site also provides information about private plans as well.
When making your decision, be sure to compare all your options. You can learn more about the different types of insurance plans here. Be sure to 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 uncertain about. When it comes to your health, you don’t want to leave anything to chance.