What cheap hospital cover should a young single person have?

Hospital cover can be important no matter how old you are

Growing up with one of the greatest public hospital systems in the world can make you appreciate how lucky we really are. If you are seriously ill or have an accident and need to be treated in an Emergency Department, the chances are you will be, and quickly. That can be good news for someone your age, with more people aged from 15 to 24 ending up at hospital Emergency Departments than people around their parents’ age.  But it’s not just the Emergency Departments that treat young people. In 2014-15, people aged between 20 and 39 accounted for 1.77 million admissions to Australian hospitals. So, if you think that will never be you, you may be wrong.

* 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

When it comes to private hospitals, of the total admissions to hospitals of people aged between 15 and 44 in 2014-15, 35% were at private hospitals. So, what do all these stats tell you? They can show that having cheap hospital cover for singles might just come in handy sooner than you think. Being admitted to hospital can be stressful, but having cheap hospital cover for singles can put things back in your control as much as possible. Depending on your level of cover you can choose to be a private patient at a public hospital, or choose to be treated at a private hospital. It’s your choice. If you have been admitted for elective surgery, such as having you appendix removed, tonsils out or knee fixed, then cheap hospital cover for singles means you could be treated by the doctor of your choice. With the right type of cover you could also avoid public hospital waiting lists by being treated at a private hospital, subject to waiting and benefit limitation periods.

Work out which one is best for you

At any given time there can be almost 250 health plans that include cheap hospital cover for singles to choose from, so choosing is about working out what you want, need and expect from health cover. It is important first up to take a serious look at your health. Speak to your doctor and see what they recommend, but also take a practical look yourself. Are you overweight? Do you play a lot of sport? Is there anything that stands out in your family medical history? Do you have any medical conditions? Is the pitter patter of tiny feet in your medium-term plans? The answers to all these questions can make finding the best cheap hospital cover for singles that little bit easier.

At Frank, we have four main hospital covers – Best, Better, Basic (Some Private) and Basic. Best Hospital is our top cover and will give you the works, as total piece of mind. You can use it to be treated as a private patient in either a public or private hospital for all treatments and procedures, unless they are on our exclusions list, which you can check out on the policy page. No real need to stress with exclusions with Best Hospital, as they are mostly based around cosmetic surgery that isn’t medically necessary and treatments that can be claimed somewhere else, like through worker’s compensation. Best Hospital also includes cover for pregnancy services, and if a baby is not in your plans anytime soon, then you can remove pregnancy, which should being the premium down.

Better Hospital cover can give you all the perks of cheap hospital cover for singles without the top price tag. To keep the premium down, Better Hospital includes a co-payment from you if you want a private room and excludes treatments such as cosmetic surgery, weight-loss surgery, reproductive services, pregnancy cover, dialysis, dental implants and cataract surgery. But it includes a lot of important and popular treatments and services.

Our Basic Hospital cover is as it sounds. You can be treated as a private patient at a public hospital and it allows you to get cheap hospital cover for singles without getting all the bells and whistles. It covers you for lots of different treatments in a public hospital, but has come exclusions like cosmetic surgery that isn’t medically necessary, weight loss surgery, dialysis and insulin pumps. You can also take out Basic Hospital (Some Private) which comes with an option of having selected treatments in a private hospital. Premiums will be a little bit more expensive, but it will cover you for accidents, having your appendix removed, colonoscopies, dental surgery, gastroscopies, ear grommets, hernia repairs, minor gynaecological and tonsil and adenoid removal in a private hospital. 

A quick little tip about cheap hospital cover for singles: If you have any questions about what exactly is included and what isn’t, give us a call before signing up. If you have already signed up, if you can, check with us to see exactly what is covered before you go into hospital, or get someone else to do it for you. The last thing anyone wants is nasty surprises.

There will be some fine print

Just like all kinds of insurance, most cheap hospital cover for singles will include an excess payment. This is the amount you pay when you are admitted to hospital. You will only have to pay it once per calendar year and our premium is only $500 for singles. Another thing to be aware of is medical gaps, which you can face when you are admitted to hospital. It comes down to how much your doctor charges for a treatment or procedure. Work it out with them beforehand and check out Frank’s gap cover which can help you out if there are out-of-pocket expenses. On the plus side, having cheap hospital cover for singles can help you minimise your tax if your taxable income is over $90,000. Having cheap hospital cover can also help you avoid paying the Medicare Levy Surcharge, which single people pay if they have a taxable income of more than $90,000. The Federal Government encourages people to take out cheap hospital cover for singles and offers a rebate that can go towards the cost of your cover, if you are eligible.  The government can also slug you with Lifetime Health Cover loading if you don’t get cheap hospital cover for singles by the time you are 30. Basically, it becomes more expensive each year you don’t get cover after you turn 31.

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.