Private Medical???
Aug 18th 2005, 2:46 pm
#1
Forum Regular
Thread Starter
Joined: Mar 2005
Location: Reading, Berkshire
Posts: 46
Private Medical???
Is private medical cover typically included in Job packages in OZ? I ask, as this is a benefit I currently receive in the UK.
I realise that prices vary from company to company and dependent on the level of cover you opt for, but what sort of $$$$ could I expect to pay for a family of 3?
Any guidance would be gratefully received?
I realise that prices vary from company to company and dependent on the level of cover you opt for, but what sort of $$$$ could I expect to pay for a family of 3?
Any guidance would be gratefully received?
Aug 18th 2005, 3:11 pm
#2
Life is good
Joined: Dec 2003
Location: Perth, WA
Posts: 1,019
Re: Private Medical???
That's quite a broad question and I suppose it depends on the company you are working for.
My boyfriend and I lived in Australia for a year and neither of us were offered such a package (Aricitect and Catering industry).
There are independant medical companies that you can use.
My boyfriend and I lived in Australia for a year and neither of us were offered such a package (Aricitect and Catering industry).
There are independant medical companies that you can use.
Aug 18th 2005, 3:48 pm
#3
Lost in BE Cyberspace
Joined: Jun 2005
Location: Oz -> UK -> San Diego
Posts: 9,912
Re: Private Medical???
Originally Posted by BSherlock
Is private medical cover typically included in Job packages in OZ? I ask, as this is a benefit I currently receive in the UK.
I realise that prices vary from company to company and dependent on the level of cover you opt for, but what sort of $$$$ could I expect to pay for a family of 3?
Any guidance would be gratefully received?
I realise that prices vary from company to company and dependent on the level of cover you opt for, but what sort of $$$$ could I expect to pay for a family of 3?
Any guidance would be gratefully received?
I used to work in human resources in Oz.
It's really rare for medical cover to be provided.... possibly some cover for people working for insurance companies of international organisations. I understand that there is now (after a 30 yr break) some tax concessions for individuals taking out their own private medical insurance - not sure if this extends to non-working partners or children/family.
Aug 18th 2005, 9:05 pm
#4
Lost in BE Cyberspace
Joined: Apr 2004
Posts: 10,375
Re: Private Medical???
Originally Posted by Ozzidoc
I used to work in human resources in Oz.
It's really rare for medical cover to be provided.... possibly some cover for people working for insurance companies of international organisations. I understand that there is now (after a 30 yr break) some tax concessions for individuals taking out their own private medical insurance - not sure if this extends to non-working partners or children/family.
It's really rare for medical cover to be provided.... possibly some cover for people working for insurance companies of international organisations. I understand that there is now (after a 30 yr break) some tax concessions for individuals taking out their own private medical insurance - not sure if this extends to non-working partners or children/family.
Because the medicare system is under so much stress, huge waiting lists etc the gov wanted to push as many as poss into private health care and a 30% rebate was introduced about 4 years ago. Also penalties if you dont have private such as higher tax and penalty charges if you join after 30, amnesty tho for immigrants in first year of arrival.
Right so we got a 30% rebate, however in the last 4 years funnily enough the premiums have risen about that figure
It seems most of the figures people usually quote for private are after the rebate, most co's just take the rebate off, eg ours is around $2500 a year for a family of 5 but thats after the rebate already deducted.
Aug 19th 2005, 4:49 am
#5
Forum Regular
Joined: Sep 2003
Location: Bayside Brisbane
Posts: 279
Re: Private Medical???
Originally Posted by jad n rich
Because the medicare system is under so much stress, huge waiting lists etc the gov wanted to push as many as poss into private health care and a 30% rebate was introduced about 4 years ago. Also penalties if you dont have private such as higher tax and penalty charges if you join after 30, amnesty tho for immigrants in first year of arrival.
Right so we got a 30% rebate, however in the last 4 years funnily enough the premiums have risen about that figure It seems most of the figures people usually quote for private are after the rebate, most co's just take the rebate off, eg ours is around $2500 a year for a family of 5 but thats after the rebate already deducted.
Right so we got a 30% rebate, however in the last 4 years funnily enough the premiums have risen about that figure
It seems most of the figures people usually quote for private are after the rebate, most co's just take the rebate off, eg ours is around $2500 a year for a family of 5 but thats after the rebate already deducted.We pay approx $2000 a year for a family of four after the rebate, which as jad n rich mentioned is the full 30% for immos arriving in the first year regardless of age. We've got back $1400 odd for dental (thats 2 fillings and a wisdom tooth extraction...ouch!) and optical fees this year alone.
As to whether you need it??????, I suppose the same question could also apply to life insurance, fully comp car insurance or any form of insurance. You don't to have it, but a lot of people feel more confortable with the fact that they have got it.
