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59% Looking To Get Smarter With Their Budgets

A recent survey by Galaxy Research from November 2016 of 1,122 Australian household decision maker attitudes towards new year financial resolutions found that 59% of respondents were looking to get better with their budgeting.

So now that 2017 is well under way It is a perfect time to sort your health cover before your savings resolution becomes a distant memory. Plus, who wants to cut down on the fun things when you could save on health insurance like a family from Mount Low? We help them find und a health policy better suited to their needs with higher level of cover and benefits and saved a whopping $91 per month!

Having the right policy is vital, otherwise you could end up not being covered for what you really need, or paying for cover you're unlikely to use - such as pregnancy. So read up on our hot tips and have peace of mind with a better value health policy.

#1 Review your policy to ensure it suits your current needs.

When your life stage or circumstances change, it's important to make sure you still have the right cover. For example, you wouldn't want to be a 25 year old covered for dentures, a grandmother insured for IVF, or paying for pregnancy cover when your baby making days are over.

# 2 Payment Discounts

Some providers offer a discount for paying by direct debit rather than credit card. If you're in the position to do so, you may be able to save by paying the cost of your annual premium up front.

#3 Protection of Waiting Periods

Many people think that by changing policy or provider they'll need to re-serve their hospital benefit waiting periods, but this simply isn't true. Changing your health insurance policy is easy. Any hospital benefit waiting periods you've already served on your current policy are protected by law when switching to the same or lower level of cover.

Waiting periods are protected

#4 Compare Health Funds

It's worth having us compare for you as a health insurance expert, as like-for-like costs can vary significantly between different funds. Plus who wants to spend hours searching online for a health policy, when you could be searching for last minute Christmas gifts? At Heart, our service is free to customers and you'll pay the same price as going direct to the fund.~

#5 The government could cover a large portion of your hospital policy cost

The private health insurance rebate is available to Australian or permanent residents with a Medicare Card who earn under a certain income as a single or household. It can be claimed when buying health insurance to reduce the cost of your premium, or as a tax rebate when lodging your tax return.


This information is current as 11/05/17. This article has been prepared by Heart1Stop, a social media brand owned by Heart Mortgage Services and Heart Financial Advisers. The information contained in this article is an overview or summary only and it should not be considered a comprehensive statement on any matter nor relied upon as such. The views expressed here are not those of Heart1stop, Heart Mortgage Services, Heart Financial Advisers, shareholders, directors or staff and associated contractors and business associates. This article has been prepared without taking into account any person’s objectives, financial situation or needs. Because of this, you should, before acting on any information contained in this article, consider its appropriateness, having regard to your objectives, financial situation or needs. Any taxation information contained in this article is a general statement and should only be used as a guide. It does not constitute taxation advice and is based on current laws and their interpretation. Each individual’s situation may differ, and you should seek independent professional taxation advice on any taxation matters. While the information contained in this article may contain or be based on information obtained from sources believed to be reliable, it may not have been independently verified. Where information contained in this publication contains material provided directly by third parties it is given in good faith and has been derived from sources believed to be accurate at its issue date. It is not the intention of Heart1Stop or Heart Mortgage Services and Heart Financial Advisers that this publication be used as the primary source of readers’ information but as an adjunct to their own resources and training. To the maximum extent permitted by law: no guarantee, representation or warranty is given that any information or advice in this publication is complete, accurate, up to date or fit for any purpose; and no party of Heart1Stop or associated entities as mentioned is in any way liable to you (including for negligence) in respect of any reliance upon such information. This article may also contain links to websites operated by third parties ("Third Parties") who are not related to Heart1Stop. These links are provided for convenience only and do not represent any endorsement or approval by us.

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