http:insurance/insurers/ (PRWEB) October 27, 2012 -- Australia boasts a comprehensive health care system provided by both the government and private institutions. There are a range of choices available and, most importantly, it is accessible to all permanent residents and eligible overseas visitors.
Why do I need Private Health Insurance?
Medicare Levy Surcharge
Many Australians choose to take out hospital cover to avoid paying more tax. If you earn over $84,000 ($168,000 for couples, families and single parents) in the 2012–2013 financial year and you don’t have private hospital cover, you have to pay an extra 1% to 1.5% tax.
The Medicare Levy Surcharge (MLS) applies to income earners who earn over the MLS threshold and do not have hospital cover. By taking out hospital cover you will be exempt from paying this tax.
Lifetime Health Cover
Also, if you take out hospital cover before 1 July following your 31st birthday, you won’t get stuck with Lifetime Health Cover loading. Find out more about Lifetime Health Cover.
Choosi has a range of hospital covers to choose from to help you to avoid the MLS and the Lifetime Health Cover Loading.
Quicker Access to Treatment
Private health insurance members typically get into hospital faster than those who use the public system. If you want a substantially shorter waiting period, without incurring the large costs that private hospitals can charge then this is for you.
More choice: Choose your preferred doctor from your fund’s participating hospitals.
Covers extras that are excluded under Medicare
Dental, physio, chiro, optical and other day-to-day procedures are not covered by Medicare. If you use those services and need assistance with the costs, extras cover can help you out.
At Choosi we make it easy to compare, choose & buy health insurance to suit your needs. We have a range of health funds to choose from.
Types of Private Health Insurance Cover
Of course, private health insurance available in today's marketplace varies between each policy type and level of coverage (basic to comprehensive). There are three main types offered by providers in Australia:
Choosing the right private health insurance comes down to finding a policy that caters to an individual, couple or family’s lifestyle, needs and budget. You should note that if you are taking out health insurance to avoid the Medicare Levy Surcharge you will need to take out either hospital cover or combined cover to avoid the surcharge. The good news is that private health insurance in Australia is government regulated. This means that providers must charge people equal premiums for the same policy, regardless of their medical risk.
The federal government also offers several attractive tax incentives to encourage Australians to take out private health care in a bid to alleviate the growing population's burden on Medicare.
Choosi offers a free health insurance comparison service. Choosi makes it easy to - Compare, Choose & Buy Health insurance.
This is general advice only: Advice on this website is general only and does not consider your individual objectives or financial situation. Choosi Pty Ltd (ABN 15 147 630 886) offers insurance products from a range of Australian brands. Choosi does not provide information, or offer cover, for all products available in the market and there may be aspects to some products that we do not compare. Choosi is not an insurer and cover is issued by various underwriters. Your use of this website is undertaken in accordance with the full Terms and Conditions.