Whether you’re considering health insurance for the first time, or evaluating your current private health insurance policy, we’ve put together some of the key benefits of having private health insurance.
1. Choice of provider, doctor or hospital
Private health insurance can give you the freedom of choice when it comes to, health provider, doctor or hospital, and in some cases, your own room for hospital stays. In some cases this freedom of choice could make a significant difference to your options for treatment and recovery from an accident, illness or elective surgery.
2. Avoid the Medicare Levy Surcharge
The Medicare Levy Surcharge (MLS) is an additional tax applied to high income earners that do not have private hospital cover. For many people who fall into this higher income bracket, it means that taking out a private health insurance policy could be financially beneficial. Speak to your accountant for more information about MLS or take a look at this explanation on Medical Levy.
3. Health Insurance Rebate
The private health insurance rebate is an amount the government contributes towards the cost of your private health insurance premiums and is determined based on your income.
4. Shorter Wait Times*
There’s no doubt Australia is fortunate to have a good public health system, however the reality is that it is not feasible to cope with the demand. The need to prioritise urgent cases can also result in long wait times for elective surgeries exacerbated by COVID-19. Private hospitals help relieve this load from the public system, and are able to offer patients significantly shorter wait times which can enable you to resolve any health issues sooner. *Subject to level of cover held and waiting periods served.
5. Live Better
Territory Health Fund is committed to helping Members live better, healthier lives. Preventative care through dental, optical and other allied health services can reduce the need for future treatment, and our extras policies are designed to help you take a proactive approach to your health and wellbeing by being able to access your preferred health providers in a timely and affordable manner.
6. Peace of Mind
Life happens. Kids fall out of trees. Cars crash. Healthy bodies can suddenly become ill.
Private health insurance gives you the confidence to enjoy life knowing that when an unexpected accident or illness occurs, you and your family are covered* and can receive prompt treatment and care by your preferred health provider. *Subject to level of cover held.
Best of all, Territory Health Fund means there’s no additional stress to an already difficult time.
At Territory Health Fund, we’re committed to advising you on the policy that offers the best value and coverage to meet your individual needs, so visit us in branch, online or call 1800 623 893 to speak to one of our friendly team members today.