How good is your health insurance, really?
Insurance. It’s not all black and white. There’s a lot of grey areas that are hard to understand. That monthly charge comes out of your bank account and you don’t really know what you’re paying for. Sound familiar?
You’re not alone. But when it comes to your health, it’s important to take things seriously.
The problem junk health insurance policies
Let’s go back to the problem of not knowing what you’re paying for. You know you need health insurance right, but it’s hard to invest in it when it’s not of value to you.
Maybe you’ve had to make a claim before and you’ve been surprised by a high excess. A lot of the time, insurance funds catch members out when something goes wrong (when you need the support the most) because members didn’t understand what exactly they were covered for or what an excess on a hospital cover actual meant.
You only find this out at the time you need to make a claim, even after months or years of not claiming on your cover. Your health insurance is just simply another monthly bill that you have to account for, until you have to use it.
No cover when you actually need it
Too much focus on price, and not benefits. Some big brand health insurers sell people on how affordable they are. But, not only does this mean you can pay more as an excess, but you’re also in danger of not covering yourself for items you never think you'll need.
Like the old saying goes: You get what you pay for. This is the perfect analogy for private health insurance. The best thing you can do is to avoid these ‘junk’ policies and understand the value of the benefits. You could choose a policy that can ‘save’ you $100 but when you go to use it, you may discover it pays for nothing. It’s money, and cover, down the drain.
Do you know what you’re currently entitled to? What about the health services that you’d like to use, but aren’t included in your policy?
You could go through years without any health issues. This doesn’t mean you can’t benefit from a policy with Extras cover with regular preventative health visits like a trip to the dentist. Having a policy that includes physiotherapy or occupational therapy can help with early intervention of injuries before they become bigger health concerns and can also help with after care recovery of major illness and injuries.
They’re operating for profit
Some big health insurers are running to make a profit – they’re a business. As healthcare service fees rise, so do insurance policy premiums. In some cases, benefits on policies are not increased to reflect these rising cost in healthcare, which leaves you with a larger out of pocket expense each year and more money back to their shareholders. This means members pay more for less. The model just doesn’t work anymore, well not for the members.
What’s the answer? Value your insurance and choose a not-for-profit Members Own, restricted access health insurance cover that gives you all the benefits you need. There are no shareholders and your health needs are put first. This is how health insurance should always have been.
Emergency Services Health is Australia’s only not-for-profit private health insurer, exclusively for the emergency services community. A non-for-profit health fund, made for emergency workers and volunteers
For past and current emergency service workers, volunteers and their families including but not limited to, paramedics, nurses, doctors, health practioners, firefighters, surf lifesavers and state emergency services, we have private health insurance that’s made for you, and you only. With us, it’s not a numbers game. Our private health insurance policies is only open to these emergency services communities, with policies developed to support this community’s needs.
We’re run to benefit you. We give more and offer you a more personalised service. You’re treated like an individual, not a number. And this makes the world of difference, especially in trying times, when health issues strike.
You can't put a price on your health.
Don't fall for the low-cost trap. There's always a catch! Call us on 1300 703 703, Emergency Services Health, today to learn more about our fund.