HBF hospital cover
HBF offers six levels of hospital cover: Basic Hospital Plus, Basic Hospital Plus Elevate, Bronze Hospital Plus, Silver Hospital, Silver Hospital Plus and Gold Hospital Elevate.
Each level of cover fits into the Australian Government’s tiered system for naming and categorising hospital insurance products: The gold, silver, bronze and basic system. Each tier has a minimum list of hospital treatment categories that they must include—these are requirements set by the Australian Government.
On a sliding scale of basic to gold, basic covers the least and gold covers the most. Each tier includes cover for everything in the tier below it, plus more (sometimes, a lot more). Health funds can offer more coverage than the minimum required in each tier.
As a wide range of services are included in each tier, it’s best to carefully compare each cover before choosing the right level of insurance to suit your needs.
Once you’ve chosen the level of hospital insurance you need, you can purchase a policy. You will be required to pay HBF a premium (usually fortnightly, monthly, half-yearly or annually) and once you’ve served your waiting periods, you’ll be able to claim benefits for covered services, treatments or goods.