What are the benefits of having a cheap extras plan?

Benefits can be long lasting

When it comes to health cover, one of the first things most people do is weigh up the benefits of having extras health insurance. It makes sense, especially if you are young and have never needed it before. But as you get older, things like health insurance can really seem to matter. That’s probably because a lot of us have relied on the Medicare system for most of our lives. Australians are lucky to have such a great safety net, but there are a lot of treatments and services Medicare doesn’t cover.

While hospital insurance covers you for admission to hospital, extras cover provides benefits for treatments you usually don’t go to hospital for, and treatments Medicare doesn’t usually cover.

* The price shown is per week and applies to a {LIFESTAGE} living in VIC with a $500 excess. It excludes LHC loading and includes a Base Tier Government Rebate

Services like dental, optical, chiro, physio, and alternative therapies come in under extras cover, and sometimes things like travel vaccinations, ambulance cover and antenatal and postnatal classes. These kinds of treatments can cost a lot of money if you have to pay the full cost. Major dental treatment can cost hundreds of dollars and there aren’t too many weekly budgets that can cope with that. So, the benefits of having extras health insurance can be financial, especially if you are a regular user of treatments like dental and physio. But the benefits can be a lot more than that. Having peace of mind to know there are benefits available if you need treatment is another of the benefits of having extras health insurance. And if used in a certain way, extras cover can benefit your health.

We encourage you to use your extras cover as much as possible, in fact we give you regular tips on how to use it. Things like benefits for preventative dental cover can help dentists pick up problems before they get too big, and regular remedial massage or physio can help you keep active. So, the benefits of having extras health insurance can be short, medium or long term.

Benefit at every stage of your life

The benefits of having extras health insurance can be felt no matter what stage of life you are at. If you are young, you might not think extras cover is needed, that it’s not the thing for you and perhaps something you might not want to pay for. The first question to ask in response is can you afford an urgent dental treatment, tomorrow? If you wear glasses, and you sit on them and they break, can you afford to fix them this week?  If you are keen to keep on top of your health, are you doing everything you can to be proactive? Could you do more with a regular massage, the odd physio appointment and a benefit for your travel vaccinations? If you are in a relationship, how would your household cope if your partner was out of action for longer than they should be? Would a little bit of help make this kind of thing easier? If you play sport, would you like a hand recovering each week? Do you play a ball or contact sport? What would happen if you lost a tooth?

If you have children, the benefits of having extras health insurance can also be clear. Dental treatments are always high on the list for families, for children of all ages. As they get older, that can move to orthodontics, podiatry, even optical treatments. But the benefits of having extras health insurance are not just there for the children. Parents are often the forgotten ones when it comes to the health of their family, but at Frank we know how important it is for parents to get back on their feet as quickly as possible. Both our extras covers includes benefits for both general and major dental treatment. Major dental covers treatments for things like root canals and crown and bridge work. These are treatments parents are more likely to use than children. By including them in the same cover, it ensures our policies can cater to all members of the family, and a compromise about something as important as health doesn’t need to happen.

The benefit Frank’s policies offer

We understand health insurance in the past has been complicated. But we don’t think it has to be any more. The benefits of having extras health insurance with Frank can also include our focus to make it simple, affordable and flexible. You can see that in the policies we offer. We have two extras plans – Lots and Some. Like most funds, the higher the level of cover, the more treatments you receive benefits for. The cost of health cover doesn’t necessarily point to its quality or suitability. Just because it is cheaper than others doesn’t mean it is any worse, or won’t offer what you want or need. And the same is true for the opposite. The most expensive health insurance policies might not be the best for you. There is no point paying for something you don’t need and will probably never use.

What you think are the benefits of having extras health insurance might not be the benefits someone else does. But that’s where Frank’s choices and flexibility can be real benefits. As mentioned before, both provide benefits for major and dental cover, as well as a raft of popular treatments and services. Both also offer benefits of 50% and 80%, which allows for even more choice. That means, for example, if a dentist charges you $100, you can claim back $50 or $80, depending on your cover and whether or not you have served your waiting periods or reached your annual limits, which is a cap on how much you can claim on certain treatments in a calendar year. One of the other benefits of having extras health insurance is the government offers rebates on extras cover for eligible people.

Get 1 month free + skip 2 & 6 month waits on extras* when you join on combined cover by March 31.

*For new members (if you have been a Frank Health Insurance member in the last 12 months, sorry you don’t qualify). Must pay first month to receive second month free. 12 month waits, annual and sub limits apply. Offer ends 31 March, 2018.