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Insuring your health

Insuring your health

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Date Published : Tuesday, May 13, 2008

Health insurance is a unique product for Australians - it's something that we all need to buy but rarely want to use.

Alongside Medicare, 45 per cent of the population have some sort of health insurance policy. Often a contentious item in the household budget, it can be tempting to cut it out altogether due to rising premiums and the fact that many people will never be in the position to need the cover,

However, now could be as good a time as ever to look at what cover is being paid for and whether better deals can be found elsewhere.

A number of bargain deals can be found in the market if consumers shop around for them, a recent report by the Courier Mail found.

Whether signing up online or through an insurance broker, it is important to make sure consumers fully understand exactly what is included and covered in the insurance policy.

Tracy de Vries, sales manager for John Small Health Advisory, told the publication: "Health insurance is a very complicated and often confusing insurance, with many different funds and products that have restrictions and differences in service.

"We often find people are in completely the wrong product for their needs."

Currently, GMBHA Health Insurance offers savings of more than $800 a year when consumers take out the Gold Hospital cover, compared with other funds.

Compare insurance providers and apply for the best deals online.ADNFCR-1411-ID-18591304-ADNFCR

 

 

 

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