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Which Level of Health Cover is For You? Gold, Silver, Bronze or Basic?

As the April 1 health care changes looms, the biggest decision you’ll have to make is what type of cover you want. The four tier product change will affect the 55% of the population covered by private health insurance. So which level of coverage is right for you? It all depends on what you need in your life. The change in health insurance is help consumers compare different hospital trea... Read more
Medium

Do You Need Private Health Insurance

70.9% of Australians that have private health insurance say “that above all else, private health insurance is about knowing that you will be able to cover the cost of big medical expenses if they arise”. That’s according to Roy Morgan’s Single Survey (Australia). While attitudes regarding private health insurance decline and premiums continue to rise each year, many are often scratching ... Read more
Medium

How Much is Your Health Insurance Increasing By?

It’s a new year and we all know what that means...Health Insurance premium increases are coming. If you’ve got health cover, you can scroll down to see what your fund’s average increase will be. They range from under 2% to almost 6%! But it’s also going to be a big year for changes to Health Insurance, so you need to know what’s coming. Here is what is changing: All policies cat... Read more
Medium

How to Pick a Health Plan

While Australian residents are covered by Medicare, it does not cover some items such as most dental care, eye exams, dentures and more. This is where having private health insurance comes into play. With private health insurance you can have a plan that covers “hospital”, “extras”, and “hospital and extras”. Hospital only cover helps cover the cost of in-hospital treatment by you... Read more
Medium

What the Coming Health Insurance Changes Mean for You

The Federal Government has successfully passed “a wide ranging package of reforms” to Private Health Insurance that will come into effect by April 1 next year. Will this mean a drop in your insurance premiums? The short answer is: It all depends. HERE’S WHAT SOME OF THE LATEST CHANGES MIGHT MEAN FOR YOU Change #1: All policies categorised Every hospital policy will have to be... Read more
Medium

Busting Health Insurance Myths

There are a lot of myths out there about health insurance but FiftyUp Club is here to bust those myths so you can save money! Keep reading if you’re ready to learn the truth! MYTH: I’ve found a health insurer so I don’t need to change my policy. It is always a good idea to speak to  your provider regularly and discuss with them how your life has changed {e.g: you stopped smoki... Read more
Medium

It’s Time To Review and Compare Your Health Insurance

Even doctors can get overcharged by $130 a month on Health Insurance and end up paying thousands of dollars too much a year for it, as this recent story from the South Coast Daily Register shows. Nowra doctor, Paul Thesinger, decided to compare his current health insurance to the market and what he discovered shocked him. Paul found that his current health provider had the same coverage ... Read more
Medium

Private health insurance myths: busted!

With the changes to health insurance premiums coming in on April 1 this year, it’s hard to avoid thinking about your own health insurance. There are a lot of misconceptions about changing health funds. The truth is: the law ensures you’re not locked in.   MYTH #1: “It’s all too hard. I give up.” BUSTED: There’s a view that Health Insurance is hard to switch because it’s a complex produ... Read more
Medium

Why rising Health Premiums are mainly an Over-50 Problem

Around the country, Australians will be getting an unwelcome letter in the mail soon. From April 1, health insurance premiums will be going up by 3.95% on average but for many it will be higher.  For some, this may be the final nail in the coffin. But new statistics show that it’s the over-50s who are having the most difficulty deciding whether to keep our health cover*. The latest dat... Read more
Medium

Why we’re jumping up and down about Health Insurance premiums

The picture you see here has popped up in my local area and over-50s will know it as a line from a famous Janis Joplin song. It really does demonstrate the disparity between first and third world countries.  I always feel so lucky to live in a suburb that boasts a couple of great hospitals within 10 minutes from my house. Some Aussies living in regional areas are dangerously distant from med... Read more
Medium