Government And Private Medical Insurance

Medicare is a government aided health plan that is offered to all Australian residents. This includes comprehensive coverage for different treatments at approved medical health facilities across the country. However the present trend shows that about half of the country’s population is relying on private health insurance as well. Those who use private health insurance are mainly in the sixties and seventies. Again, women who are in their twenties and thirties also opt for private insurance claims for maternity cases.

Why opt for private insurance?

Private hospitals are being opted for not only by the aging population or women for maternity reasons, but also for extra care like chiropractic, physiotherapy, optical and dental care. It is being researched that, taking up private insurance is linked to having more choice on what kind of medical centre one wishes to go to. People want control and choice when it comes to visiting a doctor, the kind of services they want to take up and the kind of care they will receive.

Main barriers in Medicare

There are defined hospitals and healthcare institutions where one can go to get treated under the Medicare plan. However, most people face problems like having to wait a long time to meet a doctor or a specialist as per the Medicare plan. For these reasons more and more people are opting to use a private insurance plan where one can have more choices in choosing the medical centre they wish to go to for being treated and where one can find a doctor for medical clinic at South Yarra for them.

Avoiding tax penalty

There are financial penalties that people become subjected to when they are in a certain income bracket. There is a penalty surcharge levied on individuals in a certain income bracket if they do not take up private health insurance besides having Medicare. This is a tax that is levied in order to help fund the Medicare funds as well as other national schemes. Hence, those who can afford the same, it makes sense to opt for private health insurance even from the tax point of view.

Avoiding higher health insurance costs

Those who are under the age of thirty are taking up private insurance plans to avoid the higher costs that they incur when they cross the age of thirty and apply for the same. For every year after the age of thirty is crossed, one will be paying an extra two percent for health cover. Again, private health plans offer additional coverage for services like visits to the dentist or when opting or glasses which are usually not covered in the standard government plan. These are some of the advantages of taking up private health insurance plans in the country.