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10 Cards in this Set
- Front
- Back
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How is private health insurance funded? |
Federal government and private contributions |
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What are the three types of cover for private health insurance? |
hospital cover General treatment Ambulance cover |
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When are the contributions usually paid? |
Monthly or annually |
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What are the advantages of people having private health insurance? |
Option of covering extras |
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what is the percentage of people not having private health insurance? |
57% |
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Disadantages of using private health insurance? |
premiums are heavily regulated |
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What are the cost benefits of of private health insurance? |
can choose your level of cover and type. For example level of hospital cover and/or ancillary services. These premiums vary in costs
premiums are paid monthly and can cover singles or families
If you purchase hospital insurance before turning 31 you receive cheaper life time premiums than when you join after. |
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What are the disadvantages of private health insurance? |
Premiums can be very expensive and costly making it unaffordable for singles and families
If you are nor sick or ill you may be paying for premiums which you may not need
Waiting period exist for certain types of services such as dental and pregnancy |
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What are the advantages of choice when using private health insurance? |
can choose to be treated as private patient in either a public or a private hospital
You can choose your own doctor and type of hospital that your dr attends/works
You can choose your service provided in your ancillary cover such as physic, dentist and you will be paid a benefits by your private health insurance company |
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What are disadvantages in choice for private health insurance? |
check for the out of pocket costs that health insurance may not cover as they only cover a percentage of the service and once you use the designated amount for that service you have to pay the full amount |
