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Compare Health Insurance
Confused about choosing private health insurance? You're not alone. Over half the respondents of a News Ltd survey conducted in 2008 said they found the process of choosing private health insurance confusing, and almost 50% said they took a week or more to make a decision. An overwhelming 68.5% said they would use a health insurance comparison website.
Comparing health insurance policies is recommended to find the one that suits you best. Here are a few tips for comparing private health insurance to help make it easier:
Compare Health Insurance: What you should consider
Before comparing private health insurance options, you need to consider the factors that can impact on the premium (the price you pay for your policy). Your personal circumstances need to be considered, including:
- age - both your real age and your Lifetime Health Cover age
- relationship status (single/couple/family/etc)
- current level of health
- the benefits you want covered by your policy
- pre-existing conditions (all funds have a 12 month waiting period for pre-existing conditions, unless you are transferring between funds and have already served the full term)
- lifestyle
- budget
Compare Health Insurance: What you should compare
When comparing health insurance policies, you should be aware of the differences in features, including:
- type of cover
- services covered
- benefit limits (eg. one fund may offer $180 benefit on optical while another offers $250)
- waiting periods
- excess or co-payment options
Remember that there are often trade-offs, like a lower premium for a higher excess or co-payment, or a higher premium for greater benefit limits. Looking through the details of different policies will help you decide what's important for you.
Compare Health Insurance: The easy way
The quickest and easiest way to compare health insurance policies is to use a health insurance comparison website. They are designed to collect the information you need, to save you from running around to all the individual private health funds.
To find a private health insurance policy that can provide the cover you need, use the moneytime comparison engine.