Here’s what HBF members in their 40s claim for the most on hospital and extras insurance.
Your 40s are a time when you might be thinking more about your health, the future and your family.
With that in mind, you might be wondering if private health insurance is a good idea for you.
The short answer is: it’s an individual choice. But it’s well worth considering the advantages private health insurance can offer you.
In this article
Your health in your 40s
To decide if private health insurance is worth it for you, it can be useful to look at some of the common health considerations for your age group.
In your 40s, preventative health becomes especially important, as your risk of health problems such as diabetes, heart conditions and cancer increases with age.1
Now is the time to create and maintain healthy lifestyle habits (like eating a balanced diet, getting regular exercise, reducing alcohol and not smoking), and make sure you’re keeping up with regular health checks and screenings.1
So where could private health insurance fit in? Let’s take a look at some of the common HBF claims for people in your age group.
Popular hospital claims
When it comes to hospital cover, some of the most common claims for HBF members in their 40s include:2
- Chemotherapy, radiotherapy and immunotherapy for cancer. One in two Australians will be diagnosed with cancer by age 85, and risk for many cancers increases with age.3
- Hospital psychiatric services. This includes hospital treatment for mental illnesses, eating disorders and addictions.
- Digestive system. This covers investigation and treatment of issues affecting all areas of the digestive system, such as gall stones, haemorrhoids and irritable bowel syndrome (IBS). Around 3 in 10 people are affected by IBS.4
- Gastrointestinal endoscopy. This is for procedures using an endoscope (a long, thin tube with a tiny camera attached) for the diagnosis, investigation and treatment of issues affecting the gastrointestinal system.
- Gynaecology. This includes treatment for women’s health conditions such as endometriosis, polycystic ovary syndrome (PCOS) and cervical cancer.
- Bone, joint and muscle. This category covers conditions and injuries of the musculoskeletal system, such as bone fractures, and is a common claim across all age groups.2
Other benefits of private hospital cover
You can also choose to have these treatments in a public hospital, and this can be a good option.
However, it’s worth considering some of the perks of being treated in a private hospital. For example:
- You can avoid public hospital waiting lists. In a private hospital you can often be treated more quickly, giving you some more convenience.
- You can choose your doctor and hospital. Some people like to have this extra choice in how they receive treatment.
- You can get your own room, if one’s available.* Having a bit of extra privacy can help make your hospital stay a more comfortable experience.
Plus, there are a couple more things to consider:
- You can avoid the Medicare Levy Surcharge. Having private hospital insurance means you can avoid this tax, which is applied to high income earners (over $93,000 or $186,000 for couples and families) who don’t have an appropriate level of private hospital cover.
- You can avoid more Lifetime Health Cover Loading later in life. If you do decide you want private hospital cover, it can be a good idea to get it earlier rather than later in life. This is because of Lifetime Health Cover Loading – another government initiative that makes private hospital cover 2% more expensive for each year over the age of 30 that you haven’t had it before.
If you have kids, private health insurance can also provide extra choice and convenience for treatments that may be needed.
Popular hospital claims
At HBF, some of the most popular hospital claims for children and teenagers include:1
- Ear, nose and throat
- Tonsils, adenoids and grommets
- Dental surgery
- Hospital psychiatric services
- Bone, joint and muscle
Extras cover claims for things like dental, optical, physio and chiro are also common for children and teenagers.1
It’s important to know that not all levels of hospital and extras cover include the treatments and services described in this article. To find out more about levels of cover, check out HBF cover options.
Extras explained – how much do I get back?
Certainty feels good, that’s why we’ve created a line-up of extras options that give you a guaranteed % back^ on your visits to popular services like Physio, Chiro, and Dental.
Explore HBF Extras
This article contains general information only and does not take into account the health, personal situation or needs of any person. In conjunction with your GP or treating health care professional, please consider whether the information is suitable for you and your personal circumstances.
*For the treatment of included services at Member Plus hospitals only.
^Annual limits and waiting periods apply. Percentage back benefits are payable for services, programs and providers approved by HBF, when provider charges in accordance with the Member Plus schedule fee. Excludes Basic Extras and closed products.