Private health insurance is a type of health insurance that you buy for yourself. Private health insurance may be provided by your employer or purchased on your own. This type of insurance is different from Medicare. That’s government-funded and covers the costs of hospital care, medical services, and other items. The Australian Government Department of Health provides information on private health insurance in Australia on our website. We have a comparison tool. This allows you to compare the different types of private health coverage available in Australia. This also checks how they compare the cost and what they cover. We also provide you with a comparison of different fields of medicine, which helps you choose the best for you and your family. Get insured today at Private Health Insurance Comparison Australia.
A health insurance tax was introduced by the Obama administration to help pay for the Affordable Care Act. The tax is a percentage of your income, and it applies to people who have private health insurance. We at Private Health Insurance Comparison Australia compare different health insurance plans. We show you how much you can save on your taxes with a private plan. The Affordable Care Act (ACA) imposes a tax on individuals who do not maintain “least essential coverage.” The ACA defines least essential coverage as health insurance that provides at least the following like hospitalization, medical care, and physician services. This tax is assessed on the taxpayer and calculated by their household income. The threshold for this tax is $10,000 for singles and $20,000 for couples filing jointly.
The Lifetime Health Cover (LHC) loading is a government initiative introduced in 1999. It’s designed to encourage people to take out private hospital cover. The loading is a penalty that applies to people who have not taken out hospital cover by the end of the financial year in which they turn 31. The LHC loading increases the cost of your premium by 2% for each year you are without hospital cover, up to a most of 70%. The LHC loading does not apply if you are an Australian resident. Or you have been covered for at least one day during the financial year when you turned 31. Either if you have been overseas for less than six months in total during the financial year when you turned 31. To know more about the lifetime health cover, you can contact us anytime.
The Private Health Insurance Rebate is a government initiative to help people with private health insurance pay for their premiums. The rebate can be claimed by people who have a private health insurance policy. Also, they’re eligible for the Medicare levy surcharge (MLS). We at Private Health Insurance Comparison Australia, a health insurance comparison website, provide consumers with the latest and most accurate information on private health insurance. We offer comparisons of private health insurance plans. We also give information on Medicare and the Australian government’s Private Health Insurance Rebate.
Private health insurance comparison Australia is the best way to get information about private health insurance. If you want to know more about private health insurance, then you can contact our advisers, and they will help you with the best solution for your needs. Our website also offers a comprehensive list of frequently Asked Questions, which covers topics like how much does private health insurance costs? What are the benefits of private health insurance? Is a private health insurance company regulated? What are the different types of cover for private health insurance? If you want to know more about private health insurance, then you can contact our advisers, and they will help you with the best solution for your needs.
or click here to Compare Health Insurance Australia.
We are based in Melbourne, Victoria.
Our following operating hours are AEST ( Australian Eastern Standard Time).
|Monday to Thursday
|9:00 am – 6:00 pm
|9:00 am – 5:00 pm