What are the benefits of private health insurance?
Many Australians initially get hospital cover to avoid the Medicare levy surcharge, but the real value of private hospital insurance is in the freedom and control it gives you over your healthcare. With hospital cover, you can go to a private hospital for treatment and your health fund will help cover some of your costs. You’ll be able to choose your specialist and avoid the public hospital waiting list.
If you don’t have hospital cover but choose to be treated in a private hospital, you will have to fund your own treatment. If you don’t have hospital cover and go to a public hospital for treatment, you won’t have a choice of specialist and will have to wait on the public hospital waiting list— depending on your condition this could mean months or even years1 before you receive treatment.
Many Australians get extras cover to help cover the costs of common extras services, such as going to the dentist or getting treatment from a physiotherapist.
These services generally aren’t covered by Medicare, so without extras cover you would have to pay the full cost out of your own pocket.
Please note, extras cover won’t help you avoid the Medicare levy surcharge.