If you are making plans to move to Australia, applying for health insurance is an important part of the process. Aside from that, it’s always a good idea to prepare for the unexpected.
In Australia, the public health system Medicare covers most Australian residents for health care. However, Medicare does not cover everything and you can choose to take out private health insurance to give yourself a wider range of healthcare options and more comprehensive coverage.
There are two types of health insurance: hospital & general treatment (ancillary or extras). You can buy them separately or most funds offer combined policies. There will be limitations on what and when you can claim with any policy you buy.
Most Australians with private health insurance currently receive a rebate from the Australian Government to help cover the cost of their premiums. You can find more information on this rebate below.
For information on Medicare, including how to apply, what you’re entitled to, costs of healthcare and more, please visit my Medicare Australia post.
For the same reasons you should get health insurance in Australia
Australian residents are proactively encouraged to take out Private Health Cover (Health Insurance) to complement Medicare services, including the 30% Health Insurance Rebate from the Australian Government.
Health insurance costs approximately $2,000 per year depending on your circumstances (single, couple, family or single parent) and the level of coverage you select.
To allow for simpler comparison of health insurance products all Australian health insurers are required by law to provide details of each of their products to the Private Health Insurance Ombudsman. PrivateHealth.gov.au contains details of every health insurance policy available in Australia, as well as its Private Health Information Statement.
This government website gives you facts that are not biased or trying to sell you anything! It gives you comprehensive, independent private health insurance information.
|Base Tier||Tier 1||Tier 2||Tier 3|
|< age 65||24.608%||16.405%||8.202%||0%|
Single parents and couples (including de facto couples) are subject to family tiers. For families with children, the income thresholds are increased by $1,500 for each child after the first.
*The income thresholds are indexed and will remain the same until 30 June 2023.
You can use the table above or the Private Health Insurance Rebate Calculator on the ATO website, or you can call the Australian Taxation Office (ATO) on 132 861.
If you are eligible for the rebate, there are two ways you can claim it:
If you choose to receive your rebate through your insurer, you will be asked to nominate the income tier you expect to fall into. You can nominate your tier by contacting your insurer or by filling out the Medicare rebate claim form.
For further information about claiming the rebate please visit the ATO’s website: Private Health Insurance Rebate.
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