Health Insurance Comparisons

What is a health insurance comparison?

A health insurance comparison is the way that more and more Australians are finding the best health insurance policy for themselves and their families. A health insurance comparison will allow you to:

• choose the health insurance policy that suits your lifestyle and budget
• choose a health fund that has an agreement with your choice of private hospital
• read and compare the details of different health insurance policies to see which one suits your circumstances best

If you're looking to join a health fund for the first time, read our tips on how to save on health insurance. If you're switching between health funds or health insurance policies, read our article on switching health cover.

Health insurance comparison issues

When conducting a health insurance comparison to choose your health cover, it's important to keep in mind the features that are important to you, and those that can impact on your policy, including:

• whether the services/benefits covered match your needs
• what the benefit limits are for any 12 month period and if there are any lifetime limitations
• any waiting periods you may need to serve before claiming
• Excess or Co-payment options to lower your premium

Other questions you should consider when comparing your options to find the best health cover are:

• Does the health fund have an agreement with my private hospital(s) of choice?
• Are there any out-of-pocket expenses that I will have to pay for? If your doctor has an agreement with your health fund, your gap will be either lowered or eliminated, so ask questions before agreeing to any procedures.

How do I perform a health insurance comparison?

The easiest way to compare your health cover options is to use a health insurance comparison site like moneytime. At moneytime, all the research has been compiled so you can easily find all the information you need online, on one site. We decode the health insurance jargon into user-friendly terms so you can easily search, scrutinise, compare and save on health insurance for yourself and your family. moneytime helps you compare health insurance policies from a number of Australia's leading health funds, including ahm, Australian Unity, GHMBA, HBA, HCF, MBF, Mutual Community and nib, and you can even join online. Best of all, moneytime costs nothing to use. Start comparing today and find the best health insurance for you.

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