Money

According to recent data from the ATO, record numbers of Australians are now paying the Medicare Levy Surcharge at tax time. If that’s you – or you think you might be at risk of being charged it next year – here’s what you need to know.  Do I have to pay the Medicare Levy Surcharge? ...

It’s one of the most common mistakes we hear about at healthslips.com.au – people taking out the cheapest health insurance to avoid the Medicare Levy Surcharge (MLS), but not checking what the policy includes. As a result, they end up with a ‘junk policy’ – one that provides so little cover it’s ineffective. The good...

Lifetime Health Cover Loading (LHCL) is one of the most misunderstood areas of health insurance. It’s a penalty the government created to encourage Aussies to take out Hospital Cover before the age of 31. After that age, if you’re starting Hospital Cover you’ll pay an extra 2% on Hospital Cover for every year over 30...

Whatever amount you’re spending on health insurance, you naturally want to make sure you’re getting good value for your money. If you’re looking at the amount of money you’re claiming and wondering whether you’re getting enough back, here’s what you need to know.   Like any form of insurance, health insurance is there to help you...

Hearing aids can make a world of difference if you’re experiencing hearing impairment, but unfortunately, they aren’t cheap to buy or get fitted. The Australian government subsidises the cost of hearing aids for certain people, but if you don’t qualify, you may be able to claim some of the cost on private health insurance. So,...

There’s no two ways about it – braces are expensive. If you, or your child, might need braces in the near future, you might be wondering whether taking out health insurance for braces is worthwhile. Here, we crunch the numbers.  Are braces covered by health insurance?  Yes, braces are covered by health insurance – but...

So, you’re having a hospital procedure as a private patient, and you’re covered by private health insurance. That means your treatment is free, right? Unfortunately that’s probably not true. There are 4 types of costs you might face for Hospital Cover claims. Here’s what they are, and how to prepare for them: 1. Excess  Most...

If you’re looking for cheaper health cover, corporate health insurance policies are definitely worth considering. Depending on the policy and what’s on offer, taking out a corporate health insurance policy could save you money and get you benefits that might not be available to the general public.   Here’s everything you need to know about corporate...