Why have private health insurance

1. Less time waiting

Like ripping off a Band-Aid, you want your hospital stay over with as quickly as possible.
If you rely on the public system you’ll be put onto the public hospital waiting list, which could mean waiting months (or more) for your procedure. On the day of your planned surgery you could be bumped if there’s an emergency.

You could be waiting:*plane-orange.svg

  • 55+ days for a hysterectomy
  • 85+ days for cataract surgery
  • 90+ to have varicose veins stripped
  • 110+ days for a total hip replacement
  • 97+ days to have tonsils removed
  • 195+ days for a total knee replacement

And 50% of people will wait even longer than that.

With private health cover, you’ll be in hospital as soon as your doctor’s ready.

2. Choosing your own doctor

It’s important to feel comfortable with your doctor, and private hospital cover lets you choose who treats you.

In a public hospital, you’ll be treated by the doctor on duty unless you go in as a private patient (when you can choose).

3. Access to the best

Your choice of both public and private hospitals so that you can have access to the latest and greatest facilities and technology when you need them most.

4. Avoid painful full-cost private hospital bills

You might be surprised just how much a hospital stay can cost without private hospital cover. To give you an idea, here are just some of the hospital bills we’ve paid for our members in early 2018:

  • $42,000 for a 40-year-old to treat lower back pain
  • $47,000 for a 65-year-old’s wound infection
  • $171,000 for a premature baby in an intensive care unit
  • $23,000 for a 22-year-old treated for post-traumatic stress disorder
  • $37,000 for a 64-year-old’s knee replacement
  • $38,000 for an 80-year-old’s hip replacement

Again it’s completely up to you, but you might want to get that money tree planted just in case.

5. Save on taxpiggybank-coin-purple.svg

High income earners could save tax by taking out hospital cover.

See information on the Medicare Levy Surcharge for more information.

6. Avoid paying a loading

Who’s down with LHC? No, not me! Lifetime Health Cover Loading is a government imposed charge for not taking out hospital cover by 1 July after your 31st birthday.

7. Score a rebate

The Government kicks in a very handy rebate to help you cover the cost of your private hospital and extras cover.

8. It gets better with age

There’s one rule mightier than them all – the older and golder you get, the more likely you’ll need the health system. Top hospital covers tend to include the things you’ll increasingly need, such as heart, chest, lung, hip and eye surgeries as well as rehab, psych, palliative care and dialysis for chronic renal failure. Lower hospital covers tend to exclude or restrict these services. The higher levels of extras cover tend to cover the big ticket items such as hearing aids, health aids, orthotics and podiatry, and pay higher benefits on physio, high-cost dental and optical.

9. Give yourself a sporting chance

Sporty types don’t like sitting idle for long when injury strikes. And take it from those who know, injury has a way of striking at random. A matter of weeks can feel like a lifetime of sedentary living. If you do physical work too, you’re doubly housebound. Thankfully having private hospital cover can shave months (sometimes even years) off your wait before surgery.

10. Your mental health is a private issue

One thing that patients and the government agree on is that thehearts-orange.svg private hospital system does a great job at plugging the gaps in psychiatric care.

*Source: Australian Institute of Health and Welfare, Elective surgery waiting times 2016-17: Australian hospital statistics