Is Private Health Insurance Worth Having?

More control over your health care

With private health insurance, you can choose your own doctor and hospital from those who participate with your fund without having to worry about astronomical fees.

If you have a serious medical condition, it can be extremely reassuring to know that you are getting the very best care in a great facility. And many people like the option of being able to have a private room in hospital – which is something that private health insurance is much more likely to provide.

No waiting in queues for treatment

When it comes to your health, you don’t want to be waiting for months to fix something. Yet on the public system, there can be lengthy waiting lists – particularly for elective surgeries.

Yes, the public system provides great care in emergency situations. But if your condition isn’t life-threatening, then you may need to resign yourself to a few months – or longer – of discomfort while you wait for your name to reach the top of the list.

More money back on other health services

Health insurance can give you great bang for your buck if you take out an extras policy. Depending on your policy, you could get money back every time you visit the dentist, physio, chiro, and more. So, if you’re proactive about your health and view these types of preventative treatments as a priority, then you’ll be glad you’ve got a health insurance policy behind you.

Pay less tax

Many people are financially better off by taking out health insurance. With hospital cover, you can dodge the Medicare Levy Surcharge if you earn over $90,000. For some people, basic hospital cover could be cheaper than paying the surcharge. Plus, if you take out private health insurance before you turn 31, you can avoid paying the Lifetime Health Cover loading.

Enjoy greater peace of mind

There’s one thing that you can’t put a price on. And that’s peace of mind. The a level of health insurance gives you the peace of mind that you and your family are covered, no matter what’s around the corner.

Taking out private health insurance can seem like a big step. If you need some more guidance, call us on 1800 784 772 for expert advice.