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 Single, aged 30, living in VIC. It excludes LHC loading and includes a Base Tier Government Rebate
|Extras services (when included on cover)|
|All extras benefits except as specified below.
Waiting Period: 2 Months
|Optical, home and domestic aids and medical aids.
Waiting Period: 6 months
|Major dental services (including full & partial dentures, orthodontics, crown & bridgework, endodontic services such as root canal, gold fillings, indirect restorations, surgical extractions of a tooth/teeth including wisdom teeth).
Waiting Period: 12 Months
|Health appliances including nebuliser pump, blood glucose monitor, pressure garments, sleep apnoea monitor, extremity pump, hearing aids, orthopaedic appliances (GMHBA approved), prostheses (GMHBA approved non-surgical), tens monitor, podiatry surgical procedures and orthotic appliances (foot).
Waiting Period: 12 Months
|Hospital services (when included on cover)|
|Accidents - bodily injuries resulting from accidents which occur after the date of joining GMHBA or upgrading to a higher cover.
Waiting Period: No
|Obstetrics and maternity.
Waiting Period: 12 months
|Pre-existing ailment, illness or condition (other than psychiatric, rehabilitation and palliative care).
Waiting Period: 12 months
|Any other benefit for hospital (or hospital substitution) treatment.
Waiting Period: 2 months
A pre-existing condition is one where signs or symptoms of your ailment, illness or condition, in the opinion of a medical practitioner appointed by GMHBA (not your own doctor), existed at any time during the six months preceding the day on which you purchased your hospital insurance or upgraded to a higher level of hospital cover and/or benefit entitlement.
A special waiting period applies to obtain benefits for hospital treatment for new members who have pre-existing conditions. The waiting period also applies to existing members who have recently upgraded their level of hospital cover. If the ailment, illness or condition is considered pre-existing:
New members must wait 12 months for any hospital benefits (other than psychiatric, rehabilitation and palliative care).
Existing members (transferring or upgrading)
Members transferring/upgrading to a higher hospital cover must wait 12 months to get the higher hospital benefits (other than psychiatric, rehabilitation and palliative care).
Existing members (with at least 12 months membership)
Existing members with at least 12 months membership in total across their old and new cover are entitled to the lower benefits on their old cover.
Silver Hospital cover provides the same single room coverage as Gold Hospital, but co-payments of $100 per day up to a maximum of $700 per admission apply. Co-payments are not the same as hospital excess. Please note: Some private hospitals only have single rooms and co-payments will apply.
Co-payments do not apply.
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
We aim to make it 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 make it easy to choose between getting the same amount back or a set percentage back per visit in a calendar year up to your annual limits.
Is percentage back or fixed benefits better? Well that depends on how many visits you'll have in a year. With fixed benefits you're going to get the same amount back, regardless of how much your provider charges you which makes it simple to work out how many visits you can get in a calendar year before you reach your annual limits. Plus, you'll get 100% back on optical (Simple, Everyday & More Extras) and 100% back on orthodontics (More Extras only).
When comparing 50% or 80% back, 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, dental surgery or eye surgery. We offer a range of hospital covers – , Private Hospital (Bronze), Better Hospital (Bronze+) and Top Hospital (Silver+). As they sound, each offers different levels of cover.
Our Private Hospital (Bronze) and Better Hospital (Bronze+) plans could cover you in a private hospital, but has more exclusions and restrictions than Max Hospital 750 ( Silver+) and Top Hospital (Silver+) cover. Max Hospital 750 (Silver+) and Top Hospital (Silver+) could cover you for a greater range of treatments, including joint replacements, cataracts 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).