What is the best health insurance for seniors?
Life is unpredictable and having the best health insurance for seniors can give you the peace of mind you need. Being covered by private health insurance guarantees you will be covered for some medical costs whether they are expected or unexpected without putting any burden on your family.
* 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
Health insurance may assist seniors with the costs for specialty health check-ups, financially helps during health problems as well as long term medical treatment. We all have different health care needs, particularly as we get older. It is essential you review your health insurance to make sure you are covered for the things you might need to claim on and save on the things you no longer need to be covered for such as pregnancy. Some features you should consider including are:
- Cardiac cover
- Cover for accidental injury
- Cataract cover
- Hip and knee joint replacement
It is important to let your health insurer know if you have any pre-existing conditions as there might be a 12 month waiting period on these if you are already not covered for them.
Senior’s health cover tailored for your lifestyle
At GMHBA we can tailor your health insurance to your needs choosing the level of hospital cover you require and then the package of extras you want. We offer the best health insurance for seniors and our policies include extras such as dental, optical, physiotherapy, myotherapy, pharmacy, prosthesis, occupational therapy and lots more.
When taking out the best health insurance for seniors you also need to consider your lifestyle as well. If your children are no longer dependants or you are a retiree, you may not need family cover anymore which will save you some money.
Lifetime Health Cover loading
It is also important to note when considering the best health insurance for seniors that if you are thinking of joining a health fund for the first time, it is important to be aware of the Lifetime Health Cover regulations which may affect the cost of your health insurance premium. Lifetime Health Cover is a Government initiative designed to encourage people to take out private health insurance and maintain it by 31st July following their 31st birthday (or since 31 July 2000 if you were already 31 when . If you did not take out insurance by this date a 2% loading is added to the base health insurance premium each year you are above the age of 30 and are without hospital cover. However for those born before July 1, 1934, they are exempt from Lifetime Health Cover age loading. You can join a health fund at any stage and pay the same premium as someone aged 30.
The right policy for you
Most importantly when considering the best health insurance for seniors you need to understand your policy. Make sure it is relevant to you and your needs at this stage of your life and fits within your budget. At GMHBA you can either look on our easy to use website or speak directly to one of our customer service representatives who are experienced and ableto answer all your questions. We look forward to hearing from you.