Do I need Private Health Insurance?
Do I really need private health insurance? It’s no surprise that this is one of the most commonly asked questions about private cover.
The good news for Australians is that Medicare covers a broad range of healthcare services which continues to make healthcare affordable for everyone. But the not-so-great news, is that it doesn’t cover ambulance services, medical and hospital costs incurred overseas and medical and hospital services which are not clinically necessary (such as surgery solely for cosmetic reasons).
When you start to factor in things like the Gap, Medicare Levy Surcharge and Lifetime Health Cover Loading, you start to question if Medicare alone is enough – or if a private insurance policy will help fill that hole while giving you additional benefits as well.
Unfortunately, there is no right solution for everyone. Things such as age, health needs, family history, lifestyle, your budget and income all factor into making the right decision here.
The best answer we suggest is to discuss your unique situation with one of ourcomparison expertswho can supply you with free, no obligation advice. Being informed will allow you to make the best decision.