If you take out hospital cover by 1 July following your 31st birthday, you will avoid having to pay the Federal Government’s Lifetime Health Cover loading. What’s more, if you don’t take up hospital insurance by this time, and then decide to take it up later in life, a 2% loading will be added to your premium for every year you didn’t have hospital cover over the age of 30. So it makes good sense to take out hospital cover sooner rather than later.
Electing to pay by direct debit is not only fuss-free, it will save you 4% on your premium, excluding GapSaver and Urgent Ambulance. Payments can be deducted fortnightly, monthly, quarterly or annually from your bank account or credit card (Visa or Mastercard). You can even arrange your payments to coincide with your pay day.
This is a simple way to reduce your premium without reducing your level of cover. An excess is only paid when you need to stay in hospital overnight and is only paid once per adult member, per calendar year, to a maximum of twice per family policy. This means if you don’t have an overnight hospital stay, you don’t have to pay the excess. If you’re admitted to hospital several times in one year, you only pay the excess once. You don’t need to pay an excess for any dependant children on most of our policies.
You're smiles ahead with HBF
Visit an Member Plus dentist and get back more in benefits plus a free scale and clean each year, valued at around $100. We have hundreds of Member Plus dentists in WA, more than other fund, which means less out-of-pocket expenses for you.
The eyes have it
Need new prescription glasses? We have a number of Member Plus optical stores in WA where you can choose from hundreds of fully covered frames and get at least 20% off most designer frames, in addition to your usual benefit.
Minimise out-of-pocket expenses in hospital
Being treated in hospital is worrying enough without the added concern of unexpected out-of-pocket expenses.
Fortunately, HBF covers the highest percentage of hospital related charges (94.3%) in WA than any other major health fund Western Australian . But to help reduce any expenses we don’t cover, you should:
- Check if your medical practitioner has a fully covered arrangement with HBF before you go to hospital.
- Add GapSaver to your policy.