Why do we need private health insurance in Australia when our public health system remains one of the world’s best? After all, insurance can be costly, and many don’t fully understand the benefits it provides. To help you make an informed decision, here are four of the most compelling advantages of private health insurance.
1. Shorter wait times
One of the most compelling benefits of private health insurance may surprise you. Patients funding elective surgery with insurance wait on average less than half the time than those who go through the public system, an Australian Institute of Health and Welfare report has found.
This suggests that public hospitals are now chasing the private sector dollar and that you’ll receive better, quicker care in the public system if you have health insurance.
Your health isn’t something you’ll want to trust to anyone and the health of your closest family certainly isn’t.
2. Pick your doctor
Your health isn’t something you’ll want to trust to anyone and the health of your closest family certainly isn’t. That’s why you’ll appreciate the chance to pick your own doctor and healthcare facility if you have private health insurance – putting your health in the hands of someone you know and trust.
With most hospital cover you can also choose to either be treated in a private or public facility.
3. Emergency ambulance may be free
If the unexpected happens, and you need to be quickly transported via ambulance. you could end up with a hefty bill for your trouble. In NSW for example, residents pay a minimum fee of $372, whereas non-residents will pay over $714. Even if you pay a subscription in your state, that may not cover you if you leave your local area. The maximum fee for residents for ambulance transportation in NSW is $6095.
Some health insurance policies may cover all of these fees, so that you needn’t break the bank to get the help you need.
4. Cover specialist care
When asking yourself, ‘why get private health insurance‘ you should keep in mind costs outside of the odd visit to the doctor. Consider dental treatment, glasses and contact lenses, hearing aids, occupational therapy, and other forms of essential treatment that you may need.
Unfortunately the costs of these can quickly add up, and they will not be covered by the public system. With the right cover, tailored to your needs, these treatments will be covered by your health insurance – without having to empty your bank account.
Get in touch with HICA today to start enjoying the many benefits of private health insurance.