Saying bye to the cold biting winter, we Aussies are just about to welcome the beautiful spring. The warm weather does get us active and thinking on issues more important than just the mundane "duty of the day". So why not get those grey cells working and check out the validity of cheap health insurance. If wealth is gone, nothing may be gone but if health is gone, especially with today's rising costs, a lot may be gone.
Apart from the super cover that most employed Aussies have it is also important to invest in a good private health insurance for you as well as each of your family members. The warm weather gets us indulging in many outdoor activities and this is a time when many, especially children are prone to sports related injuries. So you want to make sure the health insurance you have paid for such treatments too. If you already have a private health insurance and are not sure if it covers or not, you don't need to necessarily take another new one. There are comparison websites that can help you evaluate your current policy and suggest improvements. You can then talk to your current insurance provider to tweak your policy. This is also a great way of avoiding paying high premiums unnecessarily.
Comparing your insurance will help you:
Check for discounts - If you can afford to pay an upfront membership fee for one year or so you can avail some seriously great discounts. If not you can check if your insurance providers considers any discount for you if you pay the premium through direct debit. Little drops make an ocean, similarly whatever little you save through these discounts can go a long way, so do your bit of research.
Pitch in your contribution and save on premiums - Your premium can get considerably lower if you agree to bear "excess" or make a co-payment for hospital treatment if you do get admitted. 'Excess' is the amount you pay irrespective of the number of days you stay in the hospital. 'Co-payment' is a daily amount you pay when you are in the hospital, irrespective of length of stay, up to a predetermined amount.
You can also save by paying the premium for the next year in advance. By pre-paying your insurance you can avail cheap health insurance. However be warned that your provider may change the policy rebates or services covered to beat the inflation.