Private Health Insurance – Further Exploration (VCE SSCE Health and Human Development): Flashcards
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Premium (private health insurance)
Premium (private health insurance)
Regular fee paid for insurance coverage
Four hospital cover tiers (from 2020)
Four hospital cover tiers (from 2020)
Gold, Silver, Bronze, Basic
Most comprehensive hospital cover tier
Most comprehensive hospital cover tier
Gold
Three types of private health insurance cover
Three types of private health insurance cover
Hospital, general treatment (extras), combined
Examples of general treatment (extras) services
Examples of general treatment (extras) services
Dental, physiotherapy, chiropractic, optometry, dietetics
Three benefits of being a private patient
Three benefits of being a private patient
Choice of doctor, private room, reduced waiting times
The gap (private health insurance)
The gap (private health insurance)
Difference between Medicare/insurer payments & total fee
Medicare's % contribution of schedule fee
Medicare's % contribution of schedule fee
75%
Lifetime Health Cover: loading per year over 30
Lifetime Health Cover: loading per year over 30
2% extra premium for each year over age 30
Medicare levy surcharge: individual income threshold
Medicare levy surcharge: individual income threshold
$90,000 per year