You might be fit and healthy but there’s more reasons than just a pending hospital admission for taking out and maintaining private hospital cover. To make it easy to know if hospital cover is right for you, here’s 5 reasons you should consider making the jump.
Reason 1: You’re under 30
There are more exciting things to spend your money on in your 20s than health insurance but take out cover now, and your future self will thank you.
Introduced in 2019 by the Australian Government, the Age-Based Discount is designed to encourage younger Australians to take out and maintain private health insurance by offering up to 10% discount when taking out eligible hospital cover before the age of 30.
Phoenix Health has extended the government Age-Based Discount to all hospital covers for members under the age of 30, saving you up to 10% on your hospital premiums.
Plus, by taking out hospital cover earlier in life and maintaining it, you’ll avoid the Lifetime Health Cover Loading later.
Reason 2: You’re earning over $90,000
In addition to the Medicare Levy that all Australians are required to pay, individuals earning over $90,000 and couples and families earning over $180,000 annually are required to pay the Medicare Levy Surcharge based on their income if they don’t have hospital cover.
So say for example you’re a single person living in NSW and you earn $100,000 annually. If you don’t have private hospital cover you would be required to pay a 1% Medicare Levy Surcharge, which works out to $1,000 annually. Wouldn’t you prefer to invest in your hard-earned money in your own health and wellbeing instead?
Reason 3: Starting a family is something you can see in your future
You might not be quite ready for the pitter patter of tiny feet, but if starting a family is something you can see in your future, taking out or reviewing your hospital cover sooner can mean you’re ready to claim when the time comes.
If you’re new to health insurance or haven’t previously been covered for pregnancy and birth related services, you will need to serve a 12 month wait before you’re eligible to make a claim.
Reason 4: You like adventure or play contact sport
All levels of Phoenix Health hospital cover include Australia-wide emergency and non-emergency ambulance cover with a 1 day waiting period – so take out cover today and get out on the field tomorrow!
Plus, if an accident occurs before you’ve finished serving your waiting periods, we’ll waive the waits for the treatment of that condition when you’re admitted to a private hospital.*
Reason 5: You like to be being prepared
If you’re someone who likes to have all their bases covered and feels a sense of calm knowing you’re ready for whatever life throws at you, then hospital cover is a great way to achieve peace of mind. You also get the freedom of choice; if you do have to be admitted to hospital, then it’s your choice to be treated as a private or public patient, your choice of doctor and you can even when and we’re your treated.
Why Phoenix Health?
There are so many reasons to choose Phoenix! Read the blog from Member Service Manager Lisa Grice or check out these 8 reasons to love Phoenix Health.
Follow the link below to join today or to chat with a member of the Phoenix Health team about the right cover for your lifestyle, call 1800 028 817; we’re here to help.
* More information about waiting periods.