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Compare health insurance policies. To compare policies, all you need is the type of cover you want, who the policy will cover, and where you live. PrivateHealth.gov.au contains details of every health insurance policy available in Australia. Listen. Print.
Private health insurance. Private health insurance policies cover some of the costs of treatment in a private hospital. Insurance can also help cover 'extras' – other medical services such as dental, physiotherapy, optical and more. Find out how Health helps to improve the value of private health insurance for people. Listen.
Most insurance is risk rated – for example, car or house insurance. Private health insurance is community rated. This means: everyone pays the same price for a particular policy. a health insurer can’t refuse to insure you or sell you the policy you want to buy. you are guaranteed the right to renew your policy.
What type of cover you need. You can choose to get private cover for: hospital. general treatment cover, or ‘ extras ’. both. You might also want ambulance cover. Think about whether you want cover for services you might need in the near future. For example, some policies exclude things like pregnancy and birth-related services.
First wave of reforms. The first wave of reforms included the following: Private hospital cover will be classified in 4 easy to understand tiers. – Gold, Silver, Bronze or Basic. Health insurers will be able to offer: discounts for young people aged between 18 and 29. higher excesses in exchange for lower premiums.
Private health insurance product tiers – Gold, Silver, Bronze and Basic cover. From April 2020, all hospital insurance products must be classified as one of four tiers: Your insurer will assign existing policies to a tier based on the level of cover it provides. They will let you know what tier your policy is.
A private hospital is one that: must be declared to be a hospital by the Minister for Health and Aged Care under section 121-5 of the Private Health Insurance Act 2007 to receive private health insurer benefits. A medical service or facility cannot just decide to call itself a hospital. For the minister to declare a facility to be a private ...
From 1 April 2019, insurers can offer persons aged 18-29 years discounts of up to 10 per cent of their private health insurance hospital premiums. More information can be found at www.privatehealth.gov.au by searching ‘age-based discounts’.
Private Health Insurance clinical categories definitions – 1 November 2023. Standard clinical category definitions for private health insurance hospital policies, released on 24 October 2023 and effective at 1 November 2023.
Private health insurance laws. Under private health insurance law, health insurers must be licensed. They must provide cover to anyone who seeks it and let you know in advance about any changes to your policy. Health insurers must also follow strict rules for things like premium increases and waiting periods. Listen. Print.