People who have private health insurance have the peace of mind that comes with knowing they are covered for the best available medical treatments if and when they become necessary. And with public hospital waiting lists at record highs, you may be risking a long wait to gain the treatment you need if you’re not covered privately.
Private health insurance has many advantages that could well come in handy should you run into bad health including:
- Giving you the option of being treated by your doctor of choice
- Shorter waiting times for elective surgery
- Allows you more control over when and where to be treated
- Helps with services not covered by Medicare such as dental, optical, chiropractic, physiotherapy, m etc.
In the last few years the Australian Government has introduced initiativesdesigned to make private hospital insurance more attractive to the everyday Australian.
The Medicare Levy Surcharge
The Medicare Levy Surcharge (MLS) is levied on Australian Taxpayers who do not have private hospital cover and who earn above a certain income. To be exempt from the surcharge, your hospital cover must be held with a registered health fund and cover some or all of the fees and charges for a stay in hospital. General treatment cover without hospital cover will not provide an exemption from the Medicare Levy Surcharge.
Federal Government 30% Rebate
The Federal Government 30% Rebate on private health insurance makes it more affordable by reducing your contributions. For every dollar that you contribute to your private health insurance premium, the Government will give you back at least 30 cents as a Private Health Insurance Rebate.
So as you can see, there really are great reasons to take up private health insurance and with the added benefit of government inventive, there’s no better time to join.
For more information, call our friendly team on Freecall 1800 028 817