Why hospital?
Some of the most common reasons for people taking out hospital cover include:
- Greater choice of who treats you.
- More choice of where you’re treated.
- Peace of mind knowing that you are covered when you need it the most.
- Having cover makes out of pocket costs much more manageable, providing financial protection.
There are financial benefits too...
Save on tax
If your taxable income exceeds $77,000 per year as a single or $154,000 for families, couples and single parents, you will pay an additional 1% of your income if you don’t hold eligible hospital cover.
Pay less after you turn 31
By taking out hospital cover before the 1st of July after your 31st birthday you’ll avoid paying a higher premium. If you join hospital cover after this date you’ll pay an extra 2% on the premium for every year you don’t have health insurance after you turn 30, up to a total of 70%. See the Lifetime Health Cover loading page for more information.
Why extras?
Access to benefits for services Medicare won’t cover such as:
- a dental check-up and clean to keep your smile looking bright and teeth healthy.
- if you’re active or into sport, then at some stage you’re going to visit the physio, or perhaps want a remedial massage.
- it’s not uncommon that at some stage we may need glasses or contact lenses.
- and you can claim on the spot using your GMHBA membership card at more than 26,000 providers nationally.
Essentially, extra’s is the health insurance you want to use.