Choosing healthcare in Australia
Healthcare is one of those services that we simply can’t do without – and when we need it, it can cost a fortune.
Choosing the right health insurance is the key to avoiding unexpected hospital bills and doctor’s accounts – but just how do you select the policy that suits you best? Here are some strategies that every Australian woman can use in selecting the best healthcare for herself and her growing family:
Let LHC work for you
Lifetime Health Cover is a government program that helps Australians over 30 to find health insurance at rates they can afford.
If you’re in your late 20s, 30s, or early 40s, it’s definitely time to sign up – and the sooner you do, the less your monthly premium will be.
- LHC premiums rise with age – if you take out a policy at 40, you’ll be paying 20% more each month than if you began yourcover at 30.
- Your risk of illness may be lower in your 20s and 30s, but accidents and diseases affect people of all ages. It’s never too soon to be covered.
Circle April on your calendar
Each April, the Federal Health Minister approves health insurers’ requests for premium increases – and that means higher monthly payments.
The good news is, you can change your insurer and benefit from lower premiums. Keep the following in mind:
- You can split your hospital insurance and doctor’s consultation insurance between two providers, depending on how competitive their premiums are for each type of insurance.
- If you are switching to the same or a lower level of cover, there shouldn’t be exclusion periods where you can’t claim on your policy.
Use an online comparison tool
Sifting through dozens of insurance websites isn’t anyone’s idea of fun, and fortunately there’s an easier way to compare health care providers. Websites like Choosewell will help you find the best-priced health care that suits your needs.
Still have questions about health insurance? Feel free to schedule a consultation with one of our expert advisors. Contact us today on 1300 LYFEGROUP or visit our website lyfeacademy.com.au.
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