What Is Private Health Insurance?
Private health insurance is a policy an individual or family purchases directly rather than through an employer-sponsored group plan or a federally sponsored plan to cover healthcare costs. Private health insurance exists to help cover things that employer-sponsored groups or a federally-sponsored health insurance plan does not cover.What Does Private Health Insurance Cover?
Private health insurance is divided into two: hospital and extras coverage. Depending on your needs, you can select either or both. The hospital coverage covers the cost of hospital treatment by a specialist and covers fees like accommodation. The extras coverage covers the cost of services that employer-sponsored or federally-sponsored health insurance does not cover. This can include major dental treatments, optical products like frames and glasses, and physiotherapy.Benefits Of Private Health Insurance
Wondering what you will enjoy from a private health insurance policy? Here are some benefits:- You can choose your doctor.
- You can stay in a private room.
- You may be covered for dental care.
- You can have ambulance coverage.
- You can enjoy shorter wait times for doctor appointments and surgery.
Is Private Health Insurance Worth The Money?
There’s no direct answer because it all depends on your specific circumstances. The best way to know whether a private health insurance policy represents a good value for money is to get a quote, weigh up the coverage offered, and see how the policy match.
