What do the different levels of cover for cheap hospital cover mean?

Why do I need cheap hospital health insurance cover?

We all think we are invincible, and Frank gets that. Unfortunately, we’re not, and Frank gets that as well. We can give you the endless marketing spiel about why we think you need cheap hospital health insurance cover, but your own research can help you make the best decisions for yourself.

* 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

It’s also easier for your parents if they don’t think they will have to pay for you for the rest of their lives. Having cheap hospital health insurance cover is one way of showing them you are a grown up. They have already turned your bedroom into a sewing room, so they will love to think they won’t have to stump up any hospital costs if they get a call from you in the middle of the night from the Emergency Department. You never know what’s around the corner (it could be a wall), so having cheap hospital health insurance cover can be a good back stop that could save you money and get you the treatment you need.

As well as the obvious ‘I’m an adult now’ reasons for looking after yourself, there can be financial reasons to get cheap hospital health insurance cover. The Federal Government has a policy that can make cheap hospital health insurance cover more expensive the older you get.

Lifetime Health Cover Loading slugs you with a 2% increase on your premium for each year over the age of 30 you are not covered, up to 70%. So, if you take out coverage when you are 31, it costs you 2% more than if you did it the year before. That 2% is added every year you don’t have health cover, until you are 65. So it’s better to get in early.

So why are there different levels of cheap hospital health insurance cover?

Everyone is entitled to health insurance, but not everyone will need to use it the same way. Outside Halloween, you probably won’t need false teeth for a while, so paying for denture cover could be a big waste.

At the other end (literally), an 80-year-old man is unlikely to want to tick the pregnancy box on his health cover wish list. What this means is we provide different cheap hospital health insurance cover for different people at different stages of life.

Having different levels of cheap hospital health insurance cover can make it cheaper for you and means you don’t have to pay for services you probably won’t need for donkey’s years.

Creating different levels of cover also makes it easier to start, and gives you the flexibility to add things later if you think you might need them. Being a not-for-profit company, and only existing online, means Frank can go that extra yard when it comes to reducing costs and adding bits and pieces for you. However, we get that you don’t have time to research and choose from 20 different options, after all, the fine print is really, really small on a smart phone. We’ve made it easy for you and given you only four cheap hospital health insurance cover plans to choose from.

OK, I’m interested. What are the different levels of cheap hospital health insurance cover?

We’re glad we’ve got your attention, even if it is only until Game of Thrones downloads. Most health funds, including Frank offer different levels of cheap hospital health insurance cover. They can start at the most basic and work up to policies that can cover you and a future family for most things. The basic ones can focus on keeping things cheap by doing things like having you treated in a public hospital as a private patient.

This can be a good deal if you are just after a starter pack, or aren’t a big fan of water features in hospital atriums! You can usually add a few extra bits and pieces to the basic cheap hospital health insurance cover, if you really want, for example, a room to yourself.

As the cheap hospital health insurance cover options get more comprehensive, the costs can get higher, but the amount of services increases. Make sure you check it all out, or, as your year 10 commerce teacher told you, do your homework.

Some policies cover admissions for accidents only, while others can include rehabilitation, psychiatric care, and dialysis or weight-loss surgery.

Make sure you are also across the waiting periods for some of these services. If you have a pre-existing condition, you may be forced to wait up to 12 months before you can make a claim. If we have poached you from another health fund, we may be able to take any previous waiting periods into account.

Some funds also have rules that mean some procedures listed in their cheap hospital health insurance cover can only be performed in a public hospital. That allows funds to keep costs down.leave.

So, there can be a lot of options within cheap hospital health insurance cover policies, which gives you a chance to pick and choose what you reckon you need. It also gives you a chance to save money, but don’t be afraid to put your hand up and ask a question or two.

So, if I choose one of these cheap hospital health insurance cover, what, and how, do I pay?

Like all insurance, you will pay an excess if you are admitted to a hospital. Think of an excess as a way of you helping us charge you less for your cheap hospital health insurance cover overall.

Most health fund will only sting you $500 or so in excess for a single policy, but the good news is most funds won’t charge you that again if you are readmitted in the same year.

Your premium will vary, depending on what level of cheap hospital health insurance cover you choose. At Frank, we don’t like seeing people not being covered for what they need, so we try and make things simpler and affordable. As an online brand, Frank exists to help you, and even like reminding you of all the things you can claim. When you do claim them, we also make that easy. Click here to find out how easy it is.

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.