Every year, many Australians set New Year’s resolutions to enhance their lives in various ways, and 2024 is no different. Some focus on improving their wellbeing, while others prioritize financial fitness or other personal goals.
If you’ve made resolutions to improve your health or financial situation this year, reviewing your Private Health Insurance could be beneficial. For those without a policy, now might be the perfect time to consider getting one.
At CheckYourBill, we help you explore Private Health Insurance options that align with your resolutions. Whether you’re aiming for better health coverage or financial savings, starting with a review of your insurance needs is a smart step forward. Click here to consult with our Private Health Insurance experts today
Can Health Insurance help you get healthy?
Some Private Health insurers support your health goals by reimbursing part of your exercise expenses or offering incentives for staying physically active.
Depending on your coverage level, if you’re using a gym for rehabilitation or treatment of a health condition, your insurer may cover a portion of your gym membership fees. Typically, you’ll need approval from a healthcare professional using a form provided by your insurer. It’s advisable to contact your insurer directly to understand their specific process.
Furthermore, some insurers provide rewards programs that allow you to earn points for making healthy choices. These points can often be redeemed for lower premiums or gift cards in the future. Before enrolling in such programs, it’s essential to research any joining fees or terms and conditions associated with them.
Read more about health insurer incentives for staying healthy
Can Health Insurance help you lose weight?
One of the most common New Year resolutions is to lose weight, and it’s worth knowing that your Private Health insurer can assist you in achieving this goal.
Many insurers provide weight loss programs that include coaching and support services, especially for individuals managing health conditions like osteoporosis. To access these programs, you typically need to have appropriate coverage and meet the insurer’s eligibility criteria.
To discover what weight loss support options are available to you, visit the health management programs section on your insurer’s website or contact them directly. It’s essential to review all the details and terms before enrolling in any program. Learn more..
Can Health Insurance help you get financially fit?
Whether your financial goal is to save money or reduce your spending, rethinking your Private Health Insurance policy can help you get financially fit.
Having the right health cover will make a big difference to your budget through lower premiums and reduced healthcare costs during the year, so it’s worth reviewing your policy on a regular basis.
The first step is to consider what you need from your health cover. If you already have a policy, your needs may have changed since you first took out the policy. For example, if you’re not planning to have any more children, you don’t need cover that includes Pregnancy and Birth any longer, so downgrading your policy to a lower tier could save you money. Here are some factors to consider when reviewing your existing policy:
- What is your budget?
- Who needs cover (including family members)?
- Do you have existing health conditions, or is it likely your health needs will change in the near future?
- Do you need both Hospital and Extras Cover, or just one?
- Specifically, what Extras Cover do you need?
When considering cost, you need to look beyond just premiums and think about total healthcare costs. For example, you may need to spend more on premiums to cover health conditions that are currently costing you a lot of money but you’ll end up saving more by having these conditions covered.
The next step is to compare your policy, new or existing, with other similar policies. There are 50 insurers, including open and restricted. You’re busy and you don’t have time to check the policies from each insurer, so thankfully CheckYourBill makes it quick and easy to compare among Health Funds.
Want to know more?
If you’re looking for additional support to achieve your health goals beyond what your current Private Health Insurance policy offers, use our CheckYourBill platform to compare your current fund with other policies that better suit your needs. This comparison could potentially save you money while helping you improve your health, making 2024 your best year yet.
If you haven’t already got Private Health Insurance, now is an excellent time to consider getting a policy to support your health aspirations. Whether you’re aiming to run a marathon or lose weight, having the right Private Health Insurance can significantly impact your journey. Start your journey today.
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