Taking out hospital and extras cover

When it comes to health insurance, there are two types of policies you can take out: extras cover and hospital cover. You have two options:

  • Take out both types of cover together (combined policy)
  • Take out hospital cover and extras cover separately

Here’s what you need to know about these different types of health insurance covers.

Extras cover

This is also called ‘ancillary’ or ‘general treatment’ cover. It provides benefits for a wide range of services like dental, physio and even alternative therapies like remedial massage and acupuncture.

All extras cover includes services that take place outside of hospital. Unlike hospital cover, you don’t need to be sick to benefit from it.

The best extras cover for you is the one that offers higher limits on the services you use regularly. This means that you can save money by choosing a policy that doesn’t feature services you are not going to use.

For more information on what is available, or for a quote comparison on extras cover, visit choosi.com.au or call Choosi on 13 55 55. We’ll provide you with a range of options to choose from.

Hospital cover

Hospital policies cover you for costs incurred once you’re admitted into hospital, including:

  • hospital accommodation
  • doctors’ fees
  • theatre fees
  • medication and other associated costs

When you are considering hospital cover, there are a few questions you should ask yourself.

Do I want private hospital cover?

This allows you to choose which hospital you want to be treated at (from a list of hospitals that work with your fund) and which doctor you would like to be treated by. It also reduces the chance of needing to sit on long waiting lists, even for elective procedures.

What level of cover do I want?

You can choose from a range of hospital policies. Top level private hospital cover is the most comprehensive and therefore the most expensive. The most basic level of public hospital cover covers treatment in a public hospital only and is the most affordable.

How do I get hospital cover?

The best way to find the hospital policy that suits you and your family is to compare your options. Rather than running around getting multiple quotes from various different health funds separately, just ask Choosi and we’ll do the work for you. You only need to provide your details once and we’ll provide a range of quotes, saving you time, effort and money.

Hospital and extras cover… together or apart?

You can choose to bundle your hospital cover and extras cover together with a single health fund, called combined cover, or you can take them out separately with different health funds.

A single health fund

Taking out combined cover is an easy option. Many health funds offer combined covers that they’ve put together to suit different lifestyles and budgets. Some health funds even allow you to mix and match your own by combining one of their hospital covers with any one of their extras covers. For example, you can combine a basic hospital policy and a comprehensive general treatment policy to create more tailored cover.

Other than the ease of having one single health fund with one membership card and one premium, some funds also offer loyalty bonuses when you take out a combined cover through them.

Separate health funds

You may find a hospital cover that suits you with one health fund, but you prefer the benefits of an extras cover from another fund. If that happens, you can get the best of both worlds and take them out separately.

There’s absolutely no penalty or disadvantage for doing so. In fact you could potentially find a better deal as you have the flexibility to tailor your policies to really suit your needs and budget.

Whichever option you go with, doing the research to compare policy benefits and costs is a lot of work. But when Choosi’s doing the legwork for you, it can help make the choice an easier one to make.

Got any questions? Or do you want to get started with some quotes on hospital and/or extras cover? Call us now on 13 55 55 and let’s talk.

These articles are provided as reference material to allow more informed decision making, but are not intended as being a complete source of information on any topic. All readers should make their own independent analysis on the topic to make sure they have considered the aspects that are important to them.