Super and Private medical
Oct 8th 2012, 11:52 am
#1
Just Joined
Thread Starter
Joined: Jan 2012
Posts: 10
Super and Private medical
Need some help from some experienced expats in Australia.
We have arrived in Tasmania and I need to set up some superannuation for myself and private medical insurance for the family.
I just got my medicare card today. So far I am aware of the main companies: Bupa, RACT, Medibank, St Lukes however I am so comfused.
For Super my company advised me their own super with Tasplan however I need advice on if there is a better plan.
So if there is anyone who can advice me HELP!!!
We have arrived in Tasmania and I need to set up some superannuation for myself and private medical insurance for the family.
I just got my medicare card today. So far I am aware of the main companies: Bupa, RACT, Medibank, St Lukes however I am so comfused.
For Super my company advised me their own super with Tasplan however I need advice on if there is a better plan.
So if there is anyone who can advice me HELP!!!
Oct 9th 2012, 4:01 am
#2
BE Enthusiast
Joined: Sep 2008
Location: Perth.
Posts: 425
Re: Super and Private medical
They are differnet things.
Super = pension. There are loads of companies and comparison websites. I went with a company with easy on-line setup (as I'm an employeer, and an employee).
Medical = Health. Went with a company that gave us a good discount on a staff scheme. Make sure you get the right cover to reduce your tax. We got certain cover as we wanted to get things done (like dental).
If one company is offering you both (your post doesn't say that, it says that your super has offered you super) have an ask on what the discounts/benifits they offer for doing both. Only you know what you want to spend, cover and invest in. So only you can really check on these companies.
Super = pension. There are loads of companies and comparison websites. I went with a company with easy on-line setup (as I'm an employeer, and an employee).
Medical = Health. Went with a company that gave us a good discount on a staff scheme. Make sure you get the right cover to reduce your tax. We got certain cover as we wanted to get things done (like dental).
If one company is offering you both (your post doesn't say that, it says that your super has offered you super) have an ask on what the discounts/benifits they offer for doing both. Only you know what you want to spend, cover and invest in. So only you can really check on these companies.
Last edited by Bibbs; Oct 9th 2012 at 4:05 am. Reason: (can't spell)
Oct 18th 2012, 5:38 am
#3
Just Joined
Joined: Oct 2012
Posts: 2
Re: Super and Private medical
Happy to help with any questions or queries surrounding Private health insurance. I came to Australia 8 years ago and have been working in private insurance for 7 of these. More than happy for you to message me with any questions. Regards
Oct 18th 2012, 12:48 pm
#4
BE Enthusiast
Joined: Jan 2010
Posts: 440
Re: Super and Private medical
NIB also worth looking at for health insurance. I'd pick two or three and phone them and ask for quotes.
Medicare will pay part of things like visits to the doctor. you have to pay the rest yourself. Your private insurance will pay for things that Medicare doesn't cover, like dentistry (part) or more complex medical issues, depending on the level of cover you decide to go for.
As far as Super goes, with everything else going on with a move, I would keep it simple and go with your employers plan. You can always change later if you are not happy with it.
Good Luck!
Medicare will pay part of things like visits to the doctor. you have to pay the rest yourself. Your private insurance will pay for things that Medicare doesn't cover, like dentistry (part) or more complex medical issues, depending on the level of cover you decide to go for.
As far as Super goes, with everything else going on with a move, I would keep it simple and go with your employers plan. You can always change later if you are not happy with it.
Good Luck!
Oct 19th 2012, 3:30 am
#5
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Re: Super and Private medical
NIB also worth looking at for health insurance. I'd pick two or three and phone them and ask for quotes.
Medicare will pay part of things like visits to the doctor. you have to pay the rest yourself. Your private insurance will pay for things that Medicare doesn't cover, like dentistry (part) or more complex medical issues, depending on the level of cover you decide to go for.
As far as Super goes, with everything else going on with a move, I would keep it simple and go with your employers plan. You can always change later if you are not happy with it.
Good Luck!
Medicare will pay part of things like visits to the doctor. you have to pay the rest yourself. Your private insurance will pay for things that Medicare doesn't cover, like dentistry (part) or more complex medical issues, depending on the level of cover you decide to go for.
As far as Super goes, with everything else going on with a move, I would keep it simple and go with your employers plan. You can always change later if you are not happy with it.
Good Luck!
Be aware that health insurance doesn't work in the same way as it does elsewhere - There are still significant costs incurred if you choose to use it. Many (me for one) just maintain a policy so that they can avoid the extra tax, and have no intention of ever making a claim.
S
Oct 19th 2012, 3:40 am
#6
BE Forum Addict
Joined: Jul 2007
Location: Sydney
Posts: 4,404
Re: Super and Private medical
Be aware that health insurance doesn't work in the same way as it does elsewhere - There are still significant costs incurred if you choose to use it. Many (me for one) just maintain a policy so that they can avoid the extra tax, and have no intention of ever making a claim.
S
S
. If anyone asks, you don't have private cover (unless you have cover for the dentist and they ask).
Oct 19th 2012, 3:48 am
#7
has lost The Game
Joined: Apr 2005
Location: Chippendale, Sydney
Posts: 8,735
Re: Super and Private medical
I think it's a bit of a catch 22 though as, if you declare your private health insurance at all should you be in an accident, you'll end up paying the costs that Medicare would normally cover without private cover (AFAIK). So, I think the thing to do it, get the basic cover and never carry around your health fund card . If anyone asks, you don't have private cover (unless you have cover for the dentist and they ask).
. If anyone asks, you don't have private cover (unless you have cover for the dentist and they ask).Yeah, that's exactly what I do.
This mob seem to be the best price that I can find - offering 65% refund on their basic cover.
http://www.health.com.au/
S
Oct 19th 2012, 8:50 am
#8
Lost in BE Cyberspace
Joined: Dec 2008
Posts: 6,039
Re: Super and Private medical
I think it's a bit of a catch 22 though as, if you declare your private health insurance at all should you be in an accident, you'll end up paying the costs that Medicare would normally cover without private cover (AFAIK). So, I think the thing to do it, get the basic cover and never carry around your health fund card . If anyone asks, you don't have private cover (unless you have cover for the dentist and they ask).
. If anyone asks, you don't have private cover (unless you have cover for the dentist and they ask).
Oct 20th 2012, 10:12 am
#9
Lost in BE Cyberspace
Joined: Mar 2008
Location: Sydney, NSW
Posts: 7,580
Re: Super and Private medical
Yeah, that's exactly what I do.
This mob seem to be the best price that I can find - offering 65% refund on their basic cover.
http://www.health.com.au/
S
This mob seem to be the best price that I can find - offering 65% refund on their basic cover.
http://www.health.com.au/
S
We use them to claim on some medications that are only available on private prescription.
