What to look for when finding the best extras cover?

Whether living the single life or planning a family, playing injury-prone sports or leading a hectic life that calls for natural therapies, the best extras cover is designed to suit your changing needs.

You might already have private health insurance and not be sure if extras cover is included in your policy or be wondering what exactly extras cover is. It is important to understand the following:

What are the different types of health insurance cover?

In Australia, there are two types of private health insurance cover available – hospital cover and extras cover . Most private health insurance companies offer combined policies, which makes great sense for most people. However, depending on your needs you can choose to buy hospital and extras cover separately.

What is the best extras cover?

Extras cover, sometimes referred to as ancillary cover, is the cover that you can use every day to help you and your family to stay healthy. Whether it’s going to the dentist for a check-up, a visit to the optometrist for new glasses or seeing the physio. These everyday costs are often not covered by Medicare so the best extras cover helps to pay for these services and make them affordable. At GMHBA we offer a range of different levels of extras cover including Bronze, Silver and Gold cover depending on your requirements and budget.

Bronze Hospital & Bronze Extras Set Benefits

Entry level hospital cover. Includes preventative dental and optical.
$ 19.10
per week
Select

Bronze Hospital & Silver Extras Set Benefits

Entry level cover. Cover for a range of popular services that suit your lifestyle.
$ 22.80
per week
Select

Silver Hospital & Bronze Extras Set Benefits

Moderate cover. Includes private hospital with some exclusions. Includes cover for preventative dental.
$ 26.40
per week
Select

Bronze Hospital & Bronze Extras Set Benefits

Entry level hospital cover. Includes preventative dental and optical.
$ 19.10
per week
Select

Bronze Hospital & Silver Extras Set Benefits

Entry level cover. Cover for a range of popular services that suit your lifestyle.
$ 22.80
per week
Select

Silver Hospital & Bronze Extras Set Benefits

Moderate cover. Includes private hospital with some exclusions. Includes cover for preventative dental.
$ 26.40
per week
Select

* The price shown is per week and applies to a Single living in VIC with a $500 excess. It excludes LHC loading and includes a Base Tier Government Rebate

Join GMHBA today and get 6 weeks free on combined cover*.

*For new members on direct debit, must pay first month to get 6 weeks free Offer ends 31 March 2017

How does the best extras cover work?

At GMHBA once you have decided on the right extras cover for you we can either provide you with a list of providers for the different extra services available in your policy; this can include dentists, optometrists, chiropractors or you are able to choose your own provider. Keep in mind that the amount of your extras benefit you receive will depend on the type of cover you have taken out. As a general rule; the higher your level of cover, the more extras you’ll be covered for, and the more you can get back when you claim. If you think you or your family will have a greater need for one type of extras, such as dental, then make sure that you choose a policy that gives you maximum dental extras benefits

What are waiting periods on extras cover?

If you're purchasing cover for the first time or increasing your level of cover, you’ll probably need to serve a waiting period before you can claim your benefits. During this waiting period you won’t receive any benefits for certain treatments or (if you’ve increased your cover) you won’t receive the higher benefits for a specified period. Make sure you read the details of your policy to ensure you’re fully aware of exactly what you can claim and when you can start to make claims.

How do I claim extras cover?

Claiming for extras has never been easier. There are a number of different ways to claim. You choose the one that suits you best. Most providers of extras services have a HICAPS or IBA terminal (these look like EFTPOS machines) that allow you to swipe your private health insurance membership card at the time of service. This allows you to claim on the spot and you just have to pay any difference between the cost of the service and what your insurer pays. It’s immediate and easy. Alternatively you can pop into the retail or service arm of your health insurer and make a claim in person. You just need to have your member details and extras provider receipts with you. There is also the option to claim online.

What is the right mix of extras cover?

Selecting the right mix of extras cover can really increase the value you get from your private health insurance. For example, dental cover is a great way to offset the costs of your policy. To look after your teeth, and make the most of your dental extras, you should consider having a preventative check-up every 6 months. This will reduce the prospect of more expensive treatments in the future as problems can be identified and treated early. It’s not just dental cover that can help you see the value in your extras cover. There are other extras that you can claim now, even if you’re feeling well, like optical, remedial massage or acupuncture. Of course, this will depend on your health fund and your level of cover, so always check before you undergo any new treatment.

How do I know my extras cover is working for me?

If you’re in any doubt about whether your current policy is meeting your needs the simplest thing to do is to speak with your private health insurer. They’ll talk with you about your lifestyle and health requirements and help you to get the right level of both hospital and extras cover. And reviewing your policy every few years is a great idea to make sure it’s meeting the changing needs of you and your family, as well as providing value.

Remember, you can’t put a price on your health or that of your family. At GMHBA we offer the best health insurance policies to give you great peace of mind.