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GRAND UNITED,
HBA,
HCF,
IOOF,
MANCHESTER UNITY,
MBF,
MEDIBANK,
NIB
Health insurance may be defined as an insurance policy that will pay
specified sums for medical expenses or treatments. Health policies can offer
many options and vary in their approaches to coverage.
It may provide payment of benefits for covered sickness or injury. Included
under this heading are various types of insurance such as
- accident insurance
- disability income insurance
- medical expense insurance and
- accidental death insurance.
You never know what's around the corner and what will happen in the
future.
Buying
affordable heath insurance isn’t a purchase that can be made lightly given the
importance our state of health has on our quality of life. As a young person
you might not give much consideration to the importance of health and
dismiss the need for
private health insurance out of hand which is fine as long as
you have the money to pay for medical care as and when the need arises.
As you get older you feel far more mortal and begin to understand how
important decent health care is. As your health deteriorates or when you
start to need medical care is the point you actually give serious
consideration to taking out health insurance but unfortunately for some the
decision is made too late.
Questions To Ask About a
Health Insurance Policy:
- What waiting periods apply?
- What excess/or co-payment applies?
- Are any treatments excluded?
- Are any treatments restricted to public hospitals?
- Does the policy limit you to being treated as a private patient in a public
hospital?
- What hospitals are covered by your fund?
- Are you covered at your preferred hospital by your preferred health
practitioner?
- What are the out-of-pocket expenses?
As with all insurance, health insurance is a gamble. You may or may not need
it but the important thing is that you can get health care when you do.
The following are health issues where you would most
need a high level of Health Insurance:
- Hospital aftercare
- Community services & support
- Women's & Men's health
- Aged care
- Allergies
- Infant welfare
- Post natal support
- Conditions such as diabetes, heart problems, high/low blood pressure
The really annoying thing about health insurance, and pet insurance for that
matter, is that pre-existing conditions are excluded and that often includes
conditions that have materialised whilst you are insured (the next year they
are excluded).
Before being accepted by a health insurance company you generally have to
complete quite a lengthily questionnaire. You have to disclose such things
as your weight, how much you drink, if you smoke, if you take exercise and
if you have any chronic illnesses or other long term health issues. If you
live a healthy lifestyle you are likely to be offered discounts on your
health insurance.
The types of insurance such as accident insurance,
disability income insurance, medical expense insurance, and accidental death
insurance can all help you survive financially in your time of greatest need. |
