Cheapest Health Insurance Plans. Are They Online?

It’s all at your finger tips

Finding cheap health insurance plans hasn’t always been simple. In the past, it has sometimes been a long and tedious process. Aside from the actual application steps, you need to work out which of the cheap health insurance plans will work best for you. There have traditionally been a lot of steps and a lot of hoops to jump through, before you find a policy that suits. But not anymore. At Frank, we exist solely to make finding the best cheap health insurance plans simple and affordable. We also offer you a heap of choice, but make choosing as easy as we can.

* 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

A key part of this is being an online-only health fund. Having everything at the click of a mouse or the swipe of a finger can make it easier to weigh up all the things you need to, to find the best cheap health insurance plans for you. When considering taking out the cheapest health insurance plans, most people want to compare companies first. Never has that been easier than it is now, with all our policies online. Once you have found a few you think will suit, work out what you think you will need. It can be important to ask yourself questions around your health and lifestyle, and whether you think any of that could lead to you needing treatment in the next year or 2. Most of the policy information will be right there in front of you. You won’t have to go into a branch or be stuck on hold waiting to ask someone. Online health insurance providers like us are becoming increasingly popular as we can help Aussies research, compare and purchase health insurance at a click of a button.

The convenience of online health

So what are the benefits of joining an online health insurer? Online health insurance companies such as us understand people’s need for effortless and cheap health insurance plans. We aim to ensure all our members receive impeccable online customer support and don’t have to wait in queues.

With that in mind, speed and convenience are two things we are really great at. All the information you will need to compare and evaluate our policies is online.

There are no branch pamphlets and hidden information that exists in branches or in an office somewhere. You’re empowered with all the information you need to choose between cheap health insurance plans. Another benefit of an online health insurance company is we can have fewer overheads. Having physical branches in shopping centres and other locations can be expensive. They are also unnecessary as you can join and make all your claims online quite effortlessly, and if you need assistance just give us a call, or better still, jump on our webchat. The cost savings made by being an online health insurance fund can then be passed onto members through lower premiums, better customer service and benefit levels. But it’s not just us being online that can help us help you with your weekly budget.

If you’re looking for cheap health insurance plan, you may also want to consider selecting a health fund that is not-for-profit, like us. This means that profits are not paid to shareholders each year allowing us to re-invest profits back into the fund. In a nutshell, we put people first, not profits.

See the true costs and benefits of your plan

Being online can allow you to find the true cost of cheap health insurance plans. When you first view our covers, you will answer a few simple questions. Your answers will allow us to filter through our plans and provide you with a few that can fit your criteria. It saves you having to wade through all the policies available. One of the questions we ask you is your age. We don’t ask that to find out whether you are likely to get sick or not, but because we may need to incorporate the Lifetime Health Cover loading into the cost of your premiums.

LHC is a carrot the Federal Government uses to urge young people to find cheap health insurance plans and sign up to one. Simply, LHC is an extra 2% loading on your health cover for every year you don’t have hospital cover after your 30th birthday. So, if you sign up to one of the cheap health insurance plans for the first time when you are 40, it will cost you 20% more than if you signed up a decade earlier. Doing everything online allows us to incorporate LHC into everything we do. You can also immediately find out about the rebate and tax incentives having cheap health insurance plans can make you eligible for, and for how much. By having everything online, you can see exactly how this all works and how it fits into your budgeting.

Joining and becoming a member of an online health insurance company is also easy. You can complete an application in around 10 minutes. If you are a member you can update your membership details and claim online when it suits in the online membership area. However, if you need someone to talk to a customer service team are available through web chat, email support and over the phone. You are guaranteed that all your concerns will be attended to as quickly as possible. So don’t hesitate to join an online health insurance company and make sure you check us out.

Skip 2 & 6 month waits on extras* when you join on combined cover by April 30

*For new members (if you have been a Frank Health Insurance member in the last 12 months, sorry you don’t qualify). 12 month waits, annual and sub limits apply. Offer ends 30 April, 2018.