October 19, 2018

Health Insurance Policy for Couples

It goes without saying that having a health insurance policy provides great peace of mind. But if you’ve had a policy as a single person and you’ve transitioned into a couple relationship, is it better to have separate single policies or join in a couples policy?

What extra does health insurance policy for couples cover? Is it worth considering? What do you need to know about health care plans like this?

Couples who are in a de facto relationship or in a registered marriage can access a health insurance policy for couples. Compared to having two individual policies, there is often little difference in premiums. However one of the good things about couples policies is that it’s more convenient than having two separate singles policies.

Couples health insurance policies can include hospital cover, hospital and extras, or extras only. There are a wide range of policies available, so it’s important to keep your needs and preferences in mind when choosing a policy. For instance, a young couple may get just the basic hospital cover that suits their budget.

They can just get extras cover for specific health requirements such as eye or dental care. Couples who are planning to start a family may want to get coverage for obstetrics and childbirth.

What are the benefits of getting health insurance policy for couples?

The obvious answer is that is offers peace of mind and provides a safety net in case there is a need to go to the hospital. Here are the other benefits:

You can avoid the Medicare Levy Surcharge

This is a surcharge between 1% and 1.5% if your combined income is over $180,000 annually. This can be expensive when you need to pay your taxes. But with health insurance, you may not have to pay this surcharge.

You can avoid Lifetime Health Cover loading

This is a 2% loading on the cost of your health insurance policy for each year, 31 years of age and above, that you don’t have adequate cover. The surcharge will be reduced when you take out health insurance.

Cut your health insurance paperwork in half

Getting health insurance policy for couples will cut the paperwork in half. How? Aside from having only one premium to pay, there’s only one policy to maintain. And in the event of a claim, you have to fill out only one form.

Do you have other cheap health insurance ideas? Share your insights in the comments section.

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Understanding Family Health Cover

Raising kids is an exciting experience. A lot of people find joy in having children and watching them grow up to be great individuals. But it is also a huge responsibility. There are so many aspects that come into play when you have kids.

One of the most important ones is to ensure that they’ll have protection in case something unfortunate happens to them.

While there’s no way to know when your kids will get ill or have an injury, you can prepare for it by getting health insurance. Different insurers offer a wide range of health care plans, each caters to a specific individual’s lifestyle or status.

And as much as you want to save money, refrain from getting cheap health insurance as soon as you see it. Check your options first and weigh the pros and cons.

As for health care plans for families, here are some things that you need to know:

  1. In general, most insurers allow your kids to be part of your policy until they reach 25 years of age, if they’re full-time students, they still live with you and are single.
  2. Hospital cover includes in-hospital treatment, accommodation, and other costs when you are being treated as a private patient at a private or public hospital.
  3. The extras cover can include dental and orthodontic treatment, optical services, physiotherapy, podiatry, as well as chiropractic treatment. It may be called extras cover but it should also be a priority since the costs of these services can add up through time. Extras cover has three categories:
  4. Basic cover – minimum services; keep in mind that these can be different depending on the insurer
  5. Medium cover – dental (general, major), endodontic, and any five of these: orthodontic, optical, non-PBS pharmaceuticals, physiotherapy, podiatry, psychology, as well as hearing aids
  6. Comprehensive cover – as the name implies, this covers more services as well as higher benefits when you make claims. The services include dental (general, major), endodontic, orthodontic, optical, non-PBS pharmaceuticals, physiotherapy, podiatry, psychology, naturopathy, and acupuncture
  7. Take note that Medicare does not include costs of ambulance services or emergency transport. You can get your own ambulance cover as part of your extras cover or hospital cover. You can also purchase it as a separate cover.

Do you have other ideas on health care plans and cheap health insurance? Share your insights in the comments section.

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Health Insurance for Seniors Over 65

Health insurance is essential, no matter how old you are. In this article, let’s take a look at the features and things that you need to know when it comes to health insurance for seniors over 65:

What is seniors health insurance?

As the name implies, this is designed to cover common ageing conditions of mature singles and mature couples who are over 50 years of age and those who are at the retirement age of 65 and up. Seniors health insurance can put you at ease knowing that you are being taken care of, and that your life savings won’t be greatly affected should there be medical bills.

  • Australia has a great public healthcare system where appointments to a GP can be bulk-billed.
  • Seniors can get discounted prescription medications on the PBS list.
  • They have additional benefits, if seniors have The Commonwealth Seniors Health Card.
  • If a senior is a high income earner, and does not have hospital cover, the Medicare Levy Surcharge of 1.5% will apply as an extra tax on his income.
  • To maximise the senior’s health insurance, you must choose the cover that suits your lifestyle now.
  • If you are a professional and at the peak of your career, there’s an insurance policy for you. There’s also a policy for you, if you’re someone nearing retirement or someone who’s living with family members.

What does senior’s health insurance cover?

Seniors health insurance policy can include hospital cover, hospital and extras cover, or extras only depending on your choice. A good seniors health insurance policy covers all common conditions that affect seniors and are not covered by the insurance policy of a young individual.

Hospital cover includes benefits like intensive care fees, blood tests, cardiothoracic surgery, non-cosmetic eye surgery, and organ transplant. Extras cover may include benefits like optical, dental check-up, hearing aids, chiropractic, blood pressure monitors, and occupational therapy. These are some of what may be included in the policy, and these may vary for every insurer.

You don’t have to re-serve any waiting periods that you have served under your old policy. However, if you are upgrading your cover in a new policy, you will have to serve waiting periods for the new coverage.

Do you have other ideas on health insurance for seniors as well as cheap health insurance? Share your insights in the comments section.

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What is Reciprocal Health Cover in Australia?

When it comes to health care plans, you may have come across certain terms that you’re not familiar with and chances are, you need to understand what these are to ensure that you’re not missing anything as far as your policy is concerned. One of these terms is reciprocal health cover. In this article, learn what it is and its coverage:

The reciprocal health cover in Australia or commonly known as the Reciprocal Health Care Agreement or RHCA, is an agreement that involves allowing Australians to go to a hospital in certain countries and be covered by their own version of Medicare.

In other words, whatever treatment that you would receive if you’re in Australia should be given to you. It is designed to provide subsidised health care services for Australians who travel out of the country.

One important thing to remember about reciprocal health cover is that it shouldn’t be a substitute for travel insurance. Those are two different things. That’s why when you travel overseas with a Reciprocal Health Care Agreement, you should also consider getting travel insurance. This is because the RHCA will not cover all medical expenses in other countries. Also, it doesn’t provide coverage for people who travel out of the country for the purpose of getting medical treatment abroad.

Here are some of the medical services and treatments that are not covered by the RHCA:

  • Ambulance cover
  • Dental care
  • Elective treatment
  • Medical evacuation to your home country
  • Paramedical Services
  • Treatment and accommodation in private hospitals
  • Treatment and accommodation as a private patient in a public hospital
  • Pre-arranged treatment before arrival in Australia
  • Treatment that is not seen as an immediate need
  • Funerals

If you are traveling to Australia, visit a service centre of the Department of Human Services and enroll for Medicare. This is necessary so you will be eligible for medical treatment under the RHCA.

When looking for health care plans, it’s not wise to just go for the first cheap health insurance that you’d find. Always check the coverage and what’s not covered. Also, read the fine print to avoid any inconvenience later on. By understanding your health cover, you will know when to make claims and how to do it, as well as what you’re eligible for. You can ask help from a qualified individual if certain terms are not clear to you.

Do you have other ideas on cheap health insurance and reciprocal health cover in Australia? Share your insights in the comments section.

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Understanding Different Types of Health Care Cover

While you strive to stay healthy through proper diet and exercise, there may come a time when you get sick and need to be confined in a hospital. Everybody knows that hospital and other medical-related costs can be expensive. That is why it is important to have health insurance. It serves as your security blanket, knowing that there’s something you can depend on in times of sickness.

Who doesn’t want to get cheap health insurance? But we need to understand that affordability is just one of the deciding factors. Look at several health care plans and choose what meets both your needs and budget. It is likewise important to know the different types of health care cover. In this article, learn more about hospital cover, extras cover, ambulance cover, overseas visitor cover, and corporate plans.

Hospital Cover

When you have hospital cover it will help cover the costs of in-hospital treatment and other related expenses. Make sure to check the Medicare Benefits Schedule as medical services are usually listed in it. There are hospital services that are not covered under the MBS. Hospital cover falls under four categories: top private hospital cover, medium private hospital cover, basic private hospital cover, and public hospital cover.

Extras Cover

The extras cover or excess is what you agree to pay for the cost of hospital treatment in exchange of lower premiums. The amount you need to pay depends on your private health insurance policy, and you will pay that amount for each day that you stay in the hospital. It can also be paid the first time you go to the hospital.

Ambulance Cover

This health care cover covers costs related to treatments by paramedics as well as ambulance transport. Medicare doesn’t cover emergency transport and ambulance services, and the ambulance insurance cover will provide the assistance that you need for urgent medical care. Ambulance cover comes in two types: emergency ambulance and comprehensive ambulance.

Overseas Visitor Cover

An Overseas Visitors Health Cover is designed for those who are visiting Australia with a temporary visa. This provides coverage for costs incurred when you need to consult a doctor or stay in a hospital. In some instances, one of the visa requirements is a health insurance.

Corporate Health Policy

This refers to the health care plan that an employer gets for their employees. There are three ways this policy is paid for. It can be fully funded when the employer offers a corporate plan as an employee benefit. It can also be partially funded wherein employees and employer share the cost. Another method of payment is voluntary wherein the employees have the option to join a policy and pay for it themselves.

Do you have other ideas on health care plans and cheap health cover? Share your insights in the comments section.

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Understanding Extra Lifestyle Policies Covered by Your Health Insurance

“You can’t pour from an empty cup.” Indeed, it is important to take good care of ourselves, especially our health.  You cannot buy the things that you want or provide for your family if you’re sick and cannot go to work. Health insurance is helpful in covering medical bills and other expenses as a result of certain illnesses. But did you know that there are some health care plans that offer extra lifestyle policies? In this section, let’s delve into the different extras you can get from your health insurance:

  • There are health care plans with extras that cover memberships to various health and lifestyle programs. These include memberships to gym or exercise classes including yoga, Pilates or swimming, skin cancer screenings, programs on weight management and how to quit smoking, as well as health assessments. Ask your insurer about the gyms and fitness centres that they recognise.
  • Check the percentage benefits. In some cases, policies cover 60% or even 100% of your bill on a certain service. To get the most out of the percentage benefits from extras, check different policies and compare their annual limits for various services.
  • Ask about loyalty bonuses. There are health care plans that reward loyalty by giving long-time members higher benefits.
  • Know more about provider schemes. Extras can come with provider schemes, wherein the insurer will agree on a price, which is generally lower than the normal price, for a particular service. You will also get a higher benefit.
  • Why do insurers offer extra lifestyle policies? At first glance, it may be hard to believe that some extras policies cover a percentage, if not the full amount, of certain services. If you maintain a healthy lifestyle, you will have fewer claims on your policy. You rarely get sick, and the insurer will not have to spend anything on claims.
  • The amount that you can claim should be in your policy brochure. Bear in mind that not all policies are created equal, so the way some insurers treat extra lifestyle policies is different from how other insurers do it.

These are just some of the things you need to know about extra lifestyle policies covered by your health insurance. As always, remember that cheap health insurance doesn’t mean you can get significant cost savings. It really depends on your lifestyle and coverage. Don’t treat the cost as the sole deciding factor when looking for the right health insurance for you.

Got other ideas on extra lifestyle policies and cheap health insurance? Share your insights in the comments section.

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Physiotherapy Cover in Health Insurance

We all know that it is important to get health insurance. Life is so uncertain that having insurance will at least give us some peace of mind and protection when something unfortunate happens with our health. One of the things to look into is physiotherapy cover. At some point in your life, you may need physio treatments to manage certain conditions that affect your mobility. With physio cover, hospital costs can be one less thing to worry about.

Here are some things that you need to know about physiotherapy cover in health care plans:

  • Why do you need to have physiotherapy cover? It can save you money. Initial consultation from a physiotherapist costs a lot of money. When you have physiotherapy cover, you may not need to pay for a diagnosis and treatment plan.
  • Physio treatments may include functional exercise, massage, taping, heat, dry needling, manipulation, electrotherapy, postural correction as well as mobilisation.
  • Complex physiotherapy is usually needed by those who have severe and extensive burns, chronic pain or acquired brain injuries. Make sure to check if your policy covers these treatments as well as the annual limits.
  • What are the medical conditions that usually require ongoing physiotherapy treatments? These include musculoskeletal problems such as back pain, arthritis, muscle strains, sprains, bursitis, and other sports-related injuries, cardiothoracic conditions such as asthma, chronic bronchitis, and emphysema, as well as neurological conditions including stroke, injuries to the head and spine, multiple sclerosis, and Parkinson’s disease.
  • When do you need to visit a physiotherapist? Your physician or healthcare professional will refer you to a physio if you’ve developed a movement disorder. Bear in mind that you can still see a physiotherapist even without a referral. There are instances wherein a quick consultation can do wonders to your overall health.
  • Medicare will cover physical therapy costs incurred if you were confined in a public hospital. But when you have a private health insurance with extras cover, you can get benefits on some or all of the costs incurred for out-of-hospital physiotherapy treatment. Of course, it depends on the level of coverage you have.

Bear in mind that while we want to have cheap insurance, there are other deciding factors when it comes to choosing the right policy. Check the coverage and extras. Read the fine print and understand the terms to avoid inconvenience later on especially when you need to make a claim.

Got other ideas on physiotherapy cover and health care plans in Australia? Share your insights in the comments section.

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Private Health Insurance – Why Do I Need it?

Life is full of uncertainties. We may not want to think about it but the reality is, we can get hospitalised at some point in our lives. To ensure that you’ll be prepared for whatever life throws at you, get an insurance. There are so many health care plans available nowadays, catering to a wide range of markets. One type to consider is the private health insurance.

Do you need a private health insurance? Here are some things to think about:

  • In general, those with private health insurance are given a chance to choose their doctors, room, hospital, and even the time of the procedure, depending on the availability.
  • Cheap health insurance may not be the best one for you. Who wouldn’t want to get cheap health cover? But this should not be the sole deciding factor. By comparing the offerings of several insurers, you will be able to find a private health insurance that offers both good coverage and affordability.
  • Waiting periods can be shorter for private patients who will undergo elective surgery. The same goes for certain hospital procedures which are not considered medical emergencies.
  • You can actually save money with your health insurance. For instance, you can avoid paying the Lifetime Health Cover of the Australian Government if you manage to take out the hospital cover before July 1 after your 31st birthday. Otherwise, you may need to pay an extra 2% up to 70% for hospital cover every year.
  • You can also get rebates from the government. This amount will depend on your age and income. For instance, a single individual who is below 65 years of age and earns $90,000 or less will get a 26.791% rebate.
  • People who reach an age when serious illnesses can occur get private health insurance. This applies even if they’re considered fit and healthy. Again, you never know what’s going to happen so it’s best to be prepared.
  • You can save money come tax time. The Medicare Levy Surcharge is an additional 1% in tax for single individuals who have a taxable income of more than $90,000, or $180,000 income for couples, single parents, and families. You will need to pay this extra tax if you don’t have private health insurance.

Getting the best private health insurance can be helpful in giving you some peace of mind, knowing that you have something to depend on in case an unfortunate event arises. Look at different health care plans, weigh their pros and cons, and choose the best deal.

Got other ideas on health care plans and how to get cheap health cover? Share your tips in the comments section.

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Why You should Review Your Health Insurance Policy Regularly

Aside from maintaining a healthy lifestyle, there’s no better way to provide protection than to get a health insurance. This ensures that you’ll have something to depend on in case of illness that may affect your capability to work, and even death.

Review Health Insurance on a Regular Basis

As we age, you’ll notice several changes in your lifestyle needs, as well as activities that may affect your health. That is why it is very important to review your health insurance policy on a regular basis. You need to make sure that your coverage, extras, and other details are updated based on your requirements to avoid any inconvenience should you need to file claims. If your health cover comes with restrictions or exclusions, make sure to understand them as well.

Also, having an annual health insurance check-up will serve as a refresher so you don’t miss out on latest offerings that may be suitable for you. This is likewise an ideal time to catch up with your insurer and maintain a good working relationship with them.

Aside from reviewing your health insurance every year, it pays to check all materials sent to you by your insurer. Read all emails and updates so you are aware of everything there is to know about it.

Choosing the Right Health Insurance Policy

There are a lot of different health care plans being offered nowadays, catering to a wide range of needs and preferences. For the money-conscious, you may look at several options and choose the cheap health insurance. Bear in mind that the key to finding the right policy is to look for one that offers greater value for your money and better coverage. Keep an eye on policies that offer lower premiums especially if you maintain a healthy lifestyle.

Restrictions and Exclusions

Part of your annual health insurance check-up is reviewing the restrictions or the agreed benefits for certain services, as well as the exclusions or services that are not covered by your health insurance. Some of the common procedures that may be restricted or excluded are cardio-thoracic services, plastic and reconstructive surgery, psychiatric services, cataract and eye lens, services related to pregnancy and childbirth including assisted reproductive services, hip or knee replacements, and obesity surgery.

Don’t be worrisome when an unfortunate event happens. Take time to look at your health insurance policy every year to keep your records updated and make the necessary changes based on our lifestyle and preferences.

Got other ideas on how to get cheap health insurance? Share your tips on health care plans in the comments section.

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About Health Insurance in Australia when You have a Working Holiday Visa

We all know that health insurance is very important. You’ll never know what will happen in your life so it’s best to always be prepared for anything, especially in an unfortunate event that you got sick or injured. Having a health insurance is likewise essential when working overseas. Obviously, different countries vary in insurance policies that they offer.

Do you have plans of working or taking a working holiday in Australia? Overseas working visitors need to obtain proper working visa for employment eligibility. Aside from that, you need to get health insurance since medical costs can be expensive when you get sick or injured, unless your home country is under a Reciprocal Health Care Agreement. In that case, you may get some benefits from Medicare which is the public healthcare system that offers health services at discounted prices for most Australians.

Here are other things to consider when it comes to health care plans in Australia for overseas working visitors:

Know what is covered by the health insurance

Coverage of health care plans varies depending on the insurer but in general, a working holiday insurance covers manual and non-manual work, guide work, retail, teaching, childcare, tourism, and work on cruise ships. Of course, there are types of work that working holiday insurance policies don’t cover. These include personal liability, working at heights of at least five metres above ground, offshore work, as well as mining or work underground. Make sure to ask what a certain health insurance covers before signing any document.

Compare several options

There are several insurance providers so when looking for cheap health care plans, do your research. The options available may be overwhelming but take time to check the features and offerings of a few insurers and see which best suits your needs.

Look beyond the cost

While we’re all for saving money, it does not mean automatically getting the cheapest health care plan there is. Your health and safety are of utmost importance and we all know that insurance can be expensive, so strike a balance between what you can afford and what meets your healthcare requirements so you’ll be covered throughout your stay in Australia. Besides, it’s better to have comprehensive coverage that having to deal with medical costs when something unfortunate happens during your stay in the country.

Do you have other tips on cheap health insurance in Australia and working holiday visa? Share your ideas on health cover in the comments section.

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