Private health insurance can be pretty confusing – especially if you’re buying it for the first time. So why get hospital cover when there's a public system? Here we outline some of the most common reasons.
The reasons for choosing Hospital Cover can be varied, however there are a few common trends that are motivating people to take out cover, even when they have access to a good public health system.
Jump the queue
With Hospital Cover you can avoid long public hospital waits, which can take months or even years, by choosing your own doctor and timing for treatment.
Recover in the privacy of your own room
All levels of hospital policies cover you for a private room, where one is available, giving you comfort and privacy during your recovery.
Have the same specialist care from start to finish
Continuity of care is something that can’t be undervalued.
Choose your own specialist
You get to choose your own specialist, as well as where and when you’ll be treated.
Taxes, loadings and discounts
Up to 10% off Hospital Cover for Members Under 30
We’ve made hospital cover more affordable for 18 to 29 year olds, and we couldn’t be happier. Youth Discount is added to all hospital products for new and existing members.
There are also government initiatives that are motivating people to take out cover.
The Lifetime Health Cover loading (LHC) – The LHC loading is designed to encourage people to take out hospital cover earlier in life. If you don’t have hospital cover by July 1, following your 31st birthday, you’ll pay an extra 2% for hospital cover when you decide to take it out. Each year you delay, your loading increases by 2%, to a max of 70%. For example, if you join at 35 you’ll pay 10% more for the same policy, compared to someone who joined at 30.
The Private Health Insurance Rebate – This other Government initiative is designed to make private health insurance more affordable. Based on your age and income, the Australian Government will pay a contribution to help you manage the cost of your premiums. You can claim the rebate as either a reduction in your premiums or through your annual tax return.
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Posted: May 20 2021
Disclaimer
The information contained here is of a general nature and does not take into account your personal medical situation. The information is not a substitute for independent professional medical advice and is not intended to diagnose, treat, cure or prevent any disease or used for therapeutic purposes. Should you require specific medical information, please seek advice from your healthcare practitioner. Health Partners does not accept any liability for any injury, loss or damage incurred by use of or reliance on the information provided.
While we have prepared the information carefully, we can’t guarantee that it is accurate, complete or up-to-date. And while we may mention goods or services provided by others, we aren’t specifically endorsing them and can’t accept responsibility for them.
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Your waiting periods switch with you
You won’t need to re-serve equivalent waits
30 day cooling off period
To make sure you’re happy
Not-for-profit, we’re in it for you
Caring for members’ health for over 85 years
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Health Partners is committed to providing quality and affordable health care, and we value our members and our obligation to protect your privacy. As part of our responsibility in protecting your privacy, from time to time we review our policies to ensure we are meeting our obligations. We have recently made some updates to our Privacy Policy. Please click here to view the Health Partners Privacy Policy.
© Copyright Health Partners. 2024 All Rights Reserved.
Health Partners is committed to providing quality and affordable health care, and we value our members and our obligation to protect your privacy. As part of our responsibility in protecting your privacy, from time to time we review our policies to ensure we are meeting our obligations. We have recently made some updates to our Privacy Policy. Please click here to view the Health Partners Privacy Policy.