Private Health Insurance

What is a Hospital Cover excess?  An excess is the lump sum you must pay if you have Hospital Cover and are admitted into hospital as a private patient. It is your contribution towards a claim you make on your Hospital Cover. Generally, if you agree to pay a higher excess for your Hospital Cover,...

When you take out private health insurance, you cannot make a claim immediately.  Private health insurers impose waiting periods before you can make a claim under your new Hospital Cover or Extras Cover policy or when upgrading your policy. Waiting periods for Hospital Cover The Australian government sets the maximum waiting periods that can be...

About private health insurance premiums A private health insurance premium is the amount you pay each month or year for: How do increases in health insurance premiums work? Your private health insurance premium may increase when hospital, medical or other health costs rise. They can also increase if health insurer members increase their use of...

A Private Health Information Statement (PHIS) is available for every private health insurance policy in Australia. Under Australian law, private health insurers are required to provide these statements so you can review your existing policy and compare policies. There are 3 types of Private Health Information Statement: Type of cover What does it include? Hospital...

Questions to ask to find the right health insurance policy for you When choosing a private health insurance policy, it pays to do your research and understand whether a policy will actually serve your needs. Consider the following questions: Who do you need cover for? Health insurers offer different policies for each of these categories....

The best way to compare private health insurance policies is to use our healthslips.com.au Calculator. Unlike other private health insurance comparison websites, we: We can also help you compare your existing policy with other similar policies on the market. Finally, our Calculator can help you calculate whether you:

Two ways you can save paying tax by taking out private health insurance There are 2 ways you can save paying tax by taking out private health insurance: Private Health Insurance Rebate If you earn under a certain income and take out private health insurance, you can claim the Private Health Insurance Rebate. The Rebate...

Australian government private health insurance surcharges  The Australian government imposes 2 private health insurance surcharges: These are designed to encourage you to take out private health insurance. Medicare Levy Surcharge  The Medicare Levy Surcharge is a levy you have to pay if you do not have Hospital Cover and earn above a certain income. The...