The Best Cheap Health Insurance Options With Frank

Work out what is best for you

Frank Health Insurance can provide you with a range of cheap health insurance options that can be great value, if you are a couple, a family or a single. But we are more than that. We know health cover can be complicated and restrictive, and we have made it our mission to provide choice and simplicity. The last thing you want to do is spend hours searching through the fine print, trying to understand different policies and whether they offer you what you want. We get that different people have different needs, so we offer cheap health insurance options that can both meet your health needs and help you not pay for things you don’t need. Before you start looking for cheap health insurance options, work out what you want, what you need and what you expect from health cover. There may be a few things you expect health cover to provide.

* 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

There may also be a few things on top of that you think might be good to have. Then there are the treatments and services you think you are likely to need. To work those out, be practical about your own health and the health of your family, as well as your lifestyle. Do you have a family history of illness? Do you have a condition yourself? Do you play a contact or a ball sport? Do you wear glasses? Are you overweight? Do you have dodgy knees? The answers to all these questions can help you narrow down your cheap health insurance options by highlighting what treatments or services you are likely to need.

Extras options with Frank

As mentioned above, we aim to make it easy and simple to find cheap health insurance options, and at the same time offer you benefits for treatments you might use. When it comes to extras health insurance, we have two – Lots and Some. Both offer benefits for popular services like general and major dental, optical and chiropractic. A key difference between these two policy options is the inclusion of podiatry, psychology, podiatry and travel vaccinations in Lots. These services aren’t as popular and allow us to provide choice and cheap health insurance options that can cater to your needs. Once you have decided which extra services you need, you then need to decide how much you will claim. In short, decide whether you are likely to be a light user or a heavy user.

Why? Well, it’s got to do with annual limits. Annual limits are caps on the amount you can claim each calendar year for a specific treatment. A light user won't need the high annual limits that come with a more expensive cover, so a cheaper option might suit. If you expect to make a lot of claims in one area, such as dental, then you can reach your annual limit more quickly. Once you reach this limit you will need to pay 100% of the remaining bills, so it can be worth planning ahead.

Both our cheap health insurance options for extras offer benefits of 50% and 80%. So, if you choose a 50% benefit option, you can pay less in premiums, will have a higher out of pocket for your treatments, but take longer to reach your annual limits. With the 80% extras option you get more back each time you claim, which can mean you are likely to reach your annual limits faster.

Hospital cheap health insurance options

At Frank, we also have plenty of cheap health insurance options when it comes to hospital cover. Hospital insurance could provide cover for when you are admitted to hospital for accidents and emergencies or elective treatments like joint reconstructions, tonsillectomies or eye surgery. We offer five choices of hospital cover – Basic, Basic Private, Better, Max and Top. As they sound, each offers different levels of cover. Frank's Basic Hospital cover provides basic level of cover in a public hospital (as a private patient). The option to add some private hospital cover is available. Basic Hospital could cover hospital fees, doctors’ fees and the costs for shared accommodation in a public hospital. However, Basic Hospital does not cover costs for a single room in a public hospital or any room in a private hospital. Common procedures such as accidental injury, appendix removal, grommets in ears, minor gynaecological procedures, hernia repair, joint investigations and reconstructions (following an accident), tonsils and adenoids removal can be covered in a private hospital by adding the Some Private option to your Basic Hospital cover.

Our Basic Private Hospital and Better Hospital plans could cover you in a private hospital, but has more exclusions and restrictions than Max and Top Hospital cover. Max Hospital and Top Hospital could cover you for a greater range of treatments, including pregnancy, joint replacements, and other commonly excluded services.

With Frank's hospital covers, we’ll pay benefits for up to 120% of the Medicare schedule fee for the procedures and services performed by a doctor (unless the procedure or service is restricted from the cover).

Skip 2 & 6 month waits on extras* when you join on combined cover by Aug 15.

*For new members. 12 month waits, annual and sub limits apply. Offer ends Aug 15, 2018.