Healthcare Insurance Comparison

S. Although we have taken great care in providing precise information, this chart is not complete and is provided on the basis of information available to the public.

Health Insurance Westfund

Let's be clear for now - these surgeries are all designed to earn cash from the insurance companies they buy for the presentation of their goods and service. Payment ranges from a prepayment for the purchase, which could be between 25% and 40% of the bonus you paid, to a smaller running percent of your bonus year after year.

Each of the above mentioned service offers a restricted selection of insurance companies - most of them with 9 insurance companies (out of a possible 34 in Australia). Here's a word of caution - they can help you achieve bonus savings, but you also need to be sure that the other monetary effects won't be costing you more than you are saving on bonuses.

If, for example, you do not cover certain types of therapy in order to reduce your premiums, you may have to cover them yourself for many thousand euros, each time. Within the limits of the investment product line on their panel, this can be useful, but they are often not well positioned to tell the whole tale about which investment is best for you.

If, for example, mouth guards are important to you, they can tell you what claims they have for the various insurance products they sell, but what can they tell you about the costs that the members of a mutual funds have with certain suppliers (in particular so-called "preferred suppliers")? How high is the level of finacial soundness of the funds?

While some of this information is available to the public through private health insurance ombudsman report, it is up to the user to be conscious of this (www.phio.gov.au). Part of this is only available through the funds themselves. Ultimately, there are many things to consider when deciding which funds or policies to join.

Check the reactivity and qualitiy of the investment manager's or your fund's shortlist by phoning, e-mailing or submitting a website enquiryaire. You' ll probably pay thousands for your medical insurance premium, so it will pay to make sure that you get value on all the fronts. Contrary to many other goods and sevices, privately funded medical insurance is personally and affects two of the most important facets of your lives in terms of your healthcare and assets.