Private Health Insurance
May 15th 2005, 8:43 am
#1
Forum Regular
Thread Starter
Joined: Apr 2005
Location: Tapping
Posts: 104
Private Health Insurance
Hi All,
Does anyone have any information / comments upon the likely costs for private health insurance, it seems like it is a must have.
We have tried the internet but my searches provide useless information.
We have also heard a little about lifetime health cover.
Does this type of insurance also cover dental?
We are a family of three (dad 33, mum 35, daughter 3), hoping to make the move to the Perth area in 2006.
We have no experience of private health care just the "good old" UK NHS.
thanks
Does anyone have any information / comments upon the likely costs for private health insurance, it seems like it is a must have.
We have tried the internet but my searches provide useless information.
We have also heard a little about lifetime health cover.
Does this type of insurance also cover dental?
We are a family of three (dad 33, mum 35, daughter 3), hoping to make the move to the Perth area in 2006.
We have no experience of private health care just the "good old" UK NHS.
thanks
May 15th 2005, 9:20 am
#2
Guest
Posts: n/a
Re: Private Health Insurance
Heres a bit of info on the subject
A report on Channel Nine's A Current Affair quoted the following on April 12, 2005:
Health Insurance Ombudsman John Powlay has put Australia's 40 registered health funds under the microscope and says there are other issues to consider beyond cost.
One is service performance and how quickly a fund pays up.
The best performers are: HBF (Western Australia); HCF; GMHBA.
The worst: Australian Health Management; Grand United; Manchester Unity.
John also looked at who is best at paying out-of-pocket expenses.
The best: Australian Unity; HCF; HBF.
The worst: Westfund; Grand United; Healthguard.
The link: http://aca.ninemsn.com.au/stories/1855.asp
A good page to look at when considering different insurers:
http://www.phio.org.au/showbrochure.php?id=34
A company that compares different insurers for you to see which one may be best:
http://www.iselect.com.au/
No charge to the user, as they no doubt get commission from the insurer.
and
Some figures of those with Private Health Insurance, from http://www.tai.org.au/Publications_F...y%20income.pdf
While only 24 per cent of Australians who live in households with incomes below $25,000 per year are covered by private health insurance, the proportion rises steadily with household income; 69 per cent of those in households with incomes over $100,000 per year have private health cover.
Distribution of private health insurance cover by life-stage, 2004
Percentage of individuals with private health insurance
9% - Dependent Youth
13% - Young Single Parent
20% - Young Worker At Home
20% - Young Married Children earning less than $40,000
22% - Young Married No Children earning less than $40,000
26% - Older Single Non Worker
31% - Young Single Left Home
33% - Older Married Children earning less than $40,000
33% - Older Single Parent
43% - Older Married No Children earning less than $40,000
43% - Older Single Working
44% - Young Married No Children earning more than $40,000
48% - Young Married Children earning more than $40,000
65% - Older Married Children earning more than $40,000
68% - Older Married No Children earning more than $40,000
41% - Average
from link
A report on Channel Nine's A Current Affair quoted the following on April 12, 2005:
Health Insurance Ombudsman John Powlay has put Australia's 40 registered health funds under the microscope and says there are other issues to consider beyond cost.
One is service performance and how quickly a fund pays up.
The best performers are: HBF (Western Australia); HCF; GMHBA.
The worst: Australian Health Management; Grand United; Manchester Unity.
John also looked at who is best at paying out-of-pocket expenses.
The best: Australian Unity; HCF; HBF.
The worst: Westfund; Grand United; Healthguard.
The link: http://aca.ninemsn.com.au/stories/1855.asp
A good page to look at when considering different insurers:
http://www.phio.org.au/showbrochure.php?id=34
A company that compares different insurers for you to see which one may be best:
http://www.iselect.com.au/
No charge to the user, as they no doubt get commission from the insurer.
and
Some figures of those with Private Health Insurance, from http://www.tai.org.au/Publications_F...y%20income.pdf
While only 24 per cent of Australians who live in households with incomes below $25,000 per year are covered by private health insurance, the proportion rises steadily with household income; 69 per cent of those in households with incomes over $100,000 per year have private health cover.
Distribution of private health insurance cover by life-stage, 2004
Percentage of individuals with private health insurance
9% - Dependent Youth
13% - Young Single Parent
20% - Young Worker At Home
20% - Young Married Children earning less than $40,000
22% - Young Married No Children earning less than $40,000
26% - Older Single Non Worker
31% - Young Single Left Home
33% - Older Married Children earning less than $40,000
33% - Older Single Parent
43% - Older Married No Children earning less than $40,000
43% - Older Single Working
44% - Young Married No Children earning more than $40,000
48% - Young Married Children earning more than $40,000
65% - Older Married Children earning more than $40,000
68% - Older Married No Children earning more than $40,000
41% - Average
from link
May 15th 2005, 9:34 am
#3
Forum Regular
Thread Starter
Joined: Apr 2005
Location: Tapping
Posts: 104
Re: Private Health Insurance
Originally Posted by ABCDiamond
Heres a bit of info on the subject
A report on Channel Nine's A Current Affair quoted the following on April 12, 2005:
Health Insurance Ombudsman John Powlay has put Australia's 40 registered health funds under the microscope and says there are other issues to consider beyond cost.
One is service performance and how quickly a fund pays up.
The best performers are: HBF (Western Australia); HCF; GMHBA.
The worst: Australian Health Management; Grand United; Manchester Unity.
John also looked at who is best at paying out-of-pocket expenses.
The best: Australian Unity; HCF; HBF.
The worst: Westfund; Grand United; Healthguard.
The link: http://aca.ninemsn.com.au/stories/1855.asp
A good page to look at when considering different insurers:
http://www.phio.org.au/showbrochure.php?id=34
A company that compares different insurers for you to see which one may be best:
http://www.iselect.com.au/
No charge to the user, as they no doubt get commission from the insurer.
and
Some figures of those with Private Health Insurance, from http://www.tai.org.au/Publications_F...y%20income.pdf
While only 24 per cent of Australians who live in households with incomes below $25,000 per year are covered by private health insurance, the proportion rises steadily with household income; 69 per cent of those in households with incomes over $100,000 per year have private health cover.
Distribution of private health insurance cover by life-stage, 2004
Percentage of individuals with private health insurance
9% - Dependent Youth
13% - Young Single Parent
20% - Young Worker At Home
20% - Young Married Children earning less than $40,000
22% - Young Married No Children earning less than $40,000
26% - Older Single Non Worker
31% - Young Single Left Home
33% - Older Married Children earning less than $40,000
33% - Older Single Parent
43% - Older Married No Children earning less than $40,000
43% - Older Single Working
44% - Young Married No Children earning more than $40,000
48% - Young Married Children earning more than $40,000
65% - Older Married Children earning more than $40,000
68% - Older Married No Children earning more than $40,000
41% - Average
from link
A report on Channel Nine's A Current Affair quoted the following on April 12, 2005:
Health Insurance Ombudsman John Powlay has put Australia's 40 registered health funds under the microscope and says there are other issues to consider beyond cost.
One is service performance and how quickly a fund pays up.
The best performers are: HBF (Western Australia); HCF; GMHBA.
The worst: Australian Health Management; Grand United; Manchester Unity.
John also looked at who is best at paying out-of-pocket expenses.
The best: Australian Unity; HCF; HBF.
The worst: Westfund; Grand United; Healthguard.
The link: http://aca.ninemsn.com.au/stories/1855.asp
A good page to look at when considering different insurers:
http://www.phio.org.au/showbrochure.php?id=34
A company that compares different insurers for you to see which one may be best:
http://www.iselect.com.au/
No charge to the user, as they no doubt get commission from the insurer.
and
Some figures of those with Private Health Insurance, from http://www.tai.org.au/Publications_F...y%20income.pdf
While only 24 per cent of Australians who live in households with incomes below $25,000 per year are covered by private health insurance, the proportion rises steadily with household income; 69 per cent of those in households with incomes over $100,000 per year have private health cover.
Distribution of private health insurance cover by life-stage, 2004
Percentage of individuals with private health insurance
9% - Dependent Youth
13% - Young Single Parent
20% - Young Worker At Home
20% - Young Married Children earning less than $40,000
22% - Young Married No Children earning less than $40,000
26% - Older Single Non Worker
31% - Young Single Left Home
33% - Older Married Children earning less than $40,000
33% - Older Single Parent
43% - Older Married No Children earning less than $40,000
43% - Older Single Working
44% - Young Married No Children earning more than $40,000
48% - Young Married Children earning more than $40,000
65% - Older Married Children earning more than $40,000
68% - Older Married No Children earning more than $40,000
41% - Average
from link
Could I ask which search engine you are using, we tried google.com and got nowhere.
thanks again.
May 15th 2005, 9:35 am
#4
ah-beng
Joined: Aug 2004
Location: ^.^
Posts: 3,113
Re: Private Health Insurance
You can get quotes online from (for example ) www.hfc.com.au ( ABC has a link on his site to Health Co's (even tho he doesnt use them )
Some of the questions they ask you when doing the online qquote are a bit obscure unless you are here
Basically - family of 4 ranges between 100$ to 250$ pcm for basic care ( private hospital when things are needed like referrals @ 100$pcm) all the way to dental, maternity, optical, etc in the 250$ pcm.
If you earn over a certain amount (I think 101,K$ ) you get a(nother) tax if you dont have private health cover of 1.5% I think and if you do get health cover the govt reduces the premium by 30% which Ive inlcuded in the quotes above.
dont worry about it until you get here - and then stick it on your list of thing sto do. You may be able to get it from your work, or salary sacrifice and pay it out of your pre-tax income inwhich case the numbers above get reduced by XX% but then attracts fringe benefit tax... the whole thing is a cmplicated exercise unless you are really motivated ( ie here ! ) not something id attempt to wokr out from UK - but for budgeting if you want to then 150$ should see you right.
Some of the questions they ask you when doing the online qquote are a bit obscure unless you are here
Basically - family of 4 ranges between 100$ to 250$ pcm for basic care ( private hospital when things are needed like referrals @ 100$pcm) all the way to dental, maternity, optical, etc in the 250$ pcm.
If you earn over a certain amount (I think 101,K$ ) you get a(nother) tax if you dont have private health cover of 1.5% I think and if you do get health cover the govt reduces the premium by 30% which Ive inlcuded in the quotes above.
dont worry about it until you get here - and then stick it on your list of thing sto do. You may be able to get it from your work, or salary sacrifice and pay it out of your pre-tax income inwhich case the numbers above get reduced by XX% but then attracts fringe benefit tax... the whole thing is a cmplicated exercise unless you are really motivated ( ie here ! ) not something id attempt to wokr out from UK - but for budgeting if you want to then 150$ should see you right.
May 15th 2005, 9:43 am
#5
Guest
Posts: n/a
Re: Private Health Insurance
Originally Posted by spalen
You can get quotes online from (for example ) www.hfc.com.au ( ABC has a link on his site to Health Co's (even tho he doesnt use them )
Thanks for reminding me
