Comparing private health insurance options can be an overwhelming experience but, when choosing the best cover for you, it's important to remember it's not all about price.
Jen recently took on the task of comparing health insurers and followed three steps to make sense of it all.
Private health insurance is made of two parts - Hospital cover and Extras cover and you're able to buy them separately or packaged together.
Helps you avoid public hospital waiting lists and pays benefits toward the cost of private treatment
Services like dental, optical & physio, the everyday extras you use to stay healthy
List your health insurance needs
First, Jen listed out what she wanted from her health insurance. Because of her income level and age, she knew she needed private Hospital cover to avoid the Medicare Levy Surcharge and Lifetime Health Cover. Jen also wanted to make sure she had some Extras cover for dental check-ups.
Compare your options with one insurer
Jen picked a health fund (like nib, for example) to start looking at more closely. Getting a quote for a cover that met her list of requirements was important here, as well as comparing other health insurance details like waiting periods, excess and annual limits.
Compare across multiple health insurers
Once she found a suitable nib cover, Jen compared it against a couple of other health insurance options which also met her needs. Comparing health covers across different providers was a little tricky given everyone sells slightly different combinations of Hospital and Extras cover.
Jen's now more confident with comparing health insurance
By using the list she wrote and learning along the way, Jen feels like she has a better understanding of which health cover will give her peace of mind.
She'll try to remember to check in on her cover every so often to make sure it still meets her needs.