Subscribe to InfoChoice to receive


Special offers
Exclusive offers
Market data, trends and insights



Subscribe
Home / Health Insurance / Advantages of Getting Private Health Insurance

Private health insurance - why do I need it

Are you unsure about the idea of private health insurance and whether it’s right for you? People take out private health insurance for a number of reasons:

More control over your treatment

If you’re a bit fussy about who treats you and where you are treated, private health insurance is for you. Hospital cover allows you the freedom to choose your preferred doctor and surgeon with the fund’s participating hospitals.

Quicker access to treatment

Private health insurance members typically get into hospital faster than those who use the public system (for elective surgery). If you are after substantially shorter waiting period, then private health cover is for you.

Covers things that are excluded on Medicare

Dental, optical, physio, chiro and dozens of other day-to-day services are not covered by Medicare. If you use those services and need assistance with the costs, it is recommended that you take out extras or ancillary cover.

Medicare Levy Surcharge

Some people take out hospital cover to avoid paying more tax. If you earn over $90,000 ($180,000 for couples, families and single parents) in the 2017–2018 financial year and you don’t have private hospital cover, you have to pay an extra 1% tax.

The MLS increases to 1.25% if you earn over $105,000 ($210,000 for couples, families and single parents) and 1.5% if you earn over $140,000 ($280,000 for couples, families and single parents). Find out more about the Medicare Levy Surcharge.

Lifetime Health Cover

If you take out hospital cover before 1 July following your 31st birthday, you can avoid Lifetime Health Cover loading. Find out more about Lifetime Health Cover.

Are you ready to get a quote?

Find out more



Twitter Facebook

© InfoChoice Pty Ltd ABN 93 061 105 735 AFSL and Australian Credit Licence number 349445

Although we cover a range of products, providers and services we don't cover every product, provider or service available in the market. The information and products contained on this website do not constitute recommendations or suggestions to purchase or apply for any particular product. Products included on this site may not suit your personal objectives, financial situation or needs. Please consider whether it is appropriate for your circumstances, before making a decision to purchase or apply for any product. If you are considering acquiring any financial product you should obtain and read the relevant Product Disclosure Statement or other offer document prior to making an investment decision.

Go to top