Why do I need to get health insurance if I'm 31?
Turning 31? You may need to consider health insurance
Watching the rain, reading a good book and eating a home-cooked meal; some of the best things in life are simple. Which is why at nib, we’re passionate about keeping your health cover as easy as possible to understand.
And, like any insurance, it’s important to make sure your policy keeps up with you and your life stage. That’s why we encourage nib members to look for and find a cover that’s right for you – and we’re here to help whenever you need us via online chat, phone, email or at one of our retail centres.
So when should you review your cover? We recommend you relook at your policy each year because we want to ensure you’re getting the best value for money. However, there are a few signs that you and your family might be outgrowing your current health cover. To help get you started, we’ve put together seven signs it’s time to review your cover.
You started with a plant, upgraded to a goldfish and finished with a kitten, so you’re basically qualified to look after a small human… right?
If you’re thinking about expanding the family, it’s important to decide whether you’d like to be covered for pregnancy and birth-related services. If you would, a 12-month waiting period will apply if you’re new to nib or have just changed to that cover. That means you’ll need to be on a health cover that includes pregnancy at least three months before you start trying to fall pregnant.
There’s a lot to consider when it comes to having a baby – you can choose to give birth in a private hospital or in a public hospital as either a private or a public patient. Regardless of what you decide, nib is here to help you every step of the way.
Is one of your little bundles of joy about to officially become a big bundle of joy? When your child turns 21, they are no longer recognised as a ‘child dependant’ (unless they’re a full-time student who is under 25 and not married or in a defacto relationship). This means it’s the perfect opportunity for you to review your current policy and make sure you’re not paying for services that aren’t relevant anymore. For example, maybe now that your kids are a bit older and no longer require braces, you might not need a high limit for orthodontia.
Congratulations! You’ve officially been alive for more than 11,000 days and you’re about to reach your cognitive peak. However, it’s also an important milestone when it comes to private health insurance. If you don’t have an appropriate level of cover by June 30 after your turn 31, you’ll be required to pay the Federal Government’s Lifetime Health Cover (LHC) loading if you ever take out health insurance. For more information, check out our article: Why do I need to get health insurance if I’m 31?
If you hold an Extras policy and you can’t remember the last time you used it, it’s definitely time look at what your policy includes. We recommend booking in to see your dentist every six months for a check-up and for an eye check with your optometrist every two years.
The last thing we want is for you to fear is the cost of visiting a dentist or optometrist. That’s why we have our nib First Choice Network. It’s our community of specially-selected health providers who have agreed to provide nib members with quality healthcare at an affordable price.
At nib, we have a range of Extras cover options that provide benefits for things like chiro, physio and nutrition, so you can find the perfect cover for you and your needs.
At nib, we want to make sure you’re getting the best value for money when it comes to your cover which is why we offer a range of benefits and inclusions that make being an nib member worthwhile. From deals and discounts with some of the country’s biggest retailers (including MYER, Coles and Woolworths) to unlimited emergency ambulance cover regardless of what Hospital cover you have, if you’re an nib member you receive access to some fantastic perks. For more, visit our article, Things you get with nib regardless of product tier.
We also have a number of ways you can save money on your policy, from increasing your excess to setting up direct debit payments. For more tips and tricks, check out our article, A guide to saving money on your health insurance cover or give one of our consultants a call on 13 16 42 to chat through your options.
We offer a range of combined Hospital and Extras covers so you can find one to suit your individual needs.
Did you just find out that you have a family history of heart disease or cancer? Are you concerned you might be at risk of developing diabetes? Do you think you might need a hip or knee replacement over the coming years? If your health needs have changed or you think they may change over the next few years, it’s important to make sure your health insurance provides the necessary coverage. It’s also a good idea to take note of waiting periods and become familiar with pre-existing conditions, so you don't end up disappointed with your cover selection later on.
A great way to start reviewing your current cover is to check out your current policy inclusions via Online Services and then you can get comparing. Check out our complete guide to reviewing your cover for more information.
If you’d prefer to get guidance from one of our health insurance consultants, we’re here to help you always – but especially when you need us most. Give us a call on 13 14 63.