Making that extra effort to go on holiday over the festive period is one option which many Australians choose to take. If you've identified the fact that you're going to need appropriate travel insurance to cover the entirety – or a specific leg – of your trip, then finding the right cover can seem daunting at first.
During your youth, there can be an inner feeling which makes you believe that you can take on the world and that your health and wellbeing will look after themselves. Many young adults will put finding the right health insurance cover a long way down their list of priorities, but should they be taking it more seriously?
If you are a millennial concerned about your lack of health insurance, here are a few things to keep in mind:
Getting out and travelling the world – no matter what your age – can be one of the great joys in life. When you're young, the opportunity to live and work in another country will always be an attractive prospect.
However, the Department of Immigration and Border Protection (DIBP) has reinforced that it's now more important than ever for young people travelling to Australia to understand their 457 visas.
Potential for fraud
After the hype of the Medibank initial public offering, the company officially being listed on the Australian Securities Exchange (ASX) had the potential to be underwhelming, but investor interest has remained high.
Prior to the company going live on the exchange at midday on November 25, much had been made about its share prices, which were collectively valued at at $5.679 billion.
The highly anticipated and much talked about share offering of Medibank has been completed, with $5.679 billion raised from the initial public offering (IPO). The company will officially begin trading on the Australian Stock Exchange at noon on November 25.
Earlier estimates outlined that the government would stand to make somewhere between $4.3 billion and $5.5 billion, but the huge amount of interest has already seen those figures comfortably surpassed.