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| Publication: | ABC 612 Brisbane |
|---|---|
| Date: | 2 June 2008 |
| Section: | Financial planning advice by Justine Davis |
| Presenter: | Madonna King |
Radio ABC 612 (Brisbane)
Financial Planning Advice with Justine Davis, Financial Planner
Radio interview summary log: King notes the income threshold for the Medicare Levy Surcharge is up, and she wonders if listeners are thinking about dumping their private health cover, with some predicting a mass exodus. Financial planner Justine Davis gives advice on getting the best value for money from private health insurance, noting this is not necessary the cheapest cover but the most appropriate.
Davis gives advice such as shopping around different health companies, using online brokers such as iSelect and moneytime and face to face brokers. Davis notes brokers only deal with a limited number of funds and it may limit choices. Davis says the Fed Govt has set up a website called Privatehealth.gov.au and she details how it can help.
Davis says the Private Health Insurance Ombudsman releases a State of the Health Funds Report each year, comparing the funds. King notes people need to be in private health for a year before they have a baby and Davis notes there are waiting periods for a few things. Davis details different kinds of cover available and gives details on choosing between different types of excess.