A low rating is better than a high rating — it means the fund has fewer complaints and fewer serious disputes for its size. We rate health funds for how likely they are to leave you 'out of pocket' for treatments, and w e call this their 'gap rating' — the higher a fund's gap rating, the better it is. These ratings are based on the percentage of procedures in hospitals where members of the fund paid out-of-pocket costs the gap payment. The CHOICE gap rating takes into account the percentage of services where members either paid no gap or a known gap, compared to the state average.
All health funds let you prepay your annual premium before 1 April each year to avoid the premium increase until the following year. All the big funds have discount agreements with companies or organisations such as super funds, associations and clubs or banks. Be sure to ask your health fund what discounts they offer, as you may qualify for one without knowing it.
Families pay the same premiums as couples, which means kids are insured for free. Most health funds let families keep their adult kids on their family policy for no extra charge until age For children who aren't full-time students, some funds offer so-called 'extended family policies'. It probably makes sense to keep adult children on your policy while there's no extra cost, but once you have to pay more, it's time to consider if their needs are actually the same as yours.
You may want a Silver, Silver Plus or Gold policy, but for your adult children a Bronze policy, an extras-only policy or no health insurance at all might be more suitable at this stage of their life. These considerations will become more important soon, because the government and health funds are extending the age for children to be covered on family policies to Some funds offer an extended family policy which includes cover for adult children up to the age of Another advantage for families is that on some hospital policies children aren't charged an excess should they have to go to hospital.
Medibank, Bupa and NIB are offering discounts to new customers who sign up before they turn If you stay on that policy, you'll keep getting the full discount until you turn HBF and HCF have the same aim in mind and that's to maintain their brands, look after members and reduce premiums. The proposed merger, if successful, is expected to be bedded down by the middle of We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work.
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