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          Here’s a smart solution! Rent camera gear for amazing shots & savings. Wow your Insta-audience too.

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            • FOOD
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              30 fast meal prep ideas

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              Grow an amazing garden

              Grow an amazing garden

              Craftspiration – Colourful kits

              Craftspiration – Colourful kits

              Laundry lick of love

              Laundry lick of love

              Indulgent dream life wall

              Indulgent dream life wall

              Swoon-worthy modern living rooms

              Swoon-worthy modern living rooms

              Smoothie Bowl Inspiration

              Smoothie Bowl Inspiration

              Nifty tricks for saving big on meat

              The Smart Cookbook Changing Lives

              The Smart Cookbook Changing Lives

              Ways to save money fast around the house today

              Ways to save money fast around the house today

              Sugar Free Kids Lunches

              Healthy Kids Lunches

              Trending Tags

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                Shoot and Edit Amazing Home Videos This Winter Season

                Shoot and Edit Amazing Home Videos This Winter Season

                Travelling to the US? Hot tips on finding the best car insurance

                Fast home organisation tips for the kitchen

                Fast home organisation tips for the kitchen

                Working from home with kids

                Working from home with kids

                Grow an amazing garden

                Grow an amazing garden

                Laundry lick of love

                Laundry lick of love

                Swoon-worthy modern living rooms

                Swoon-worthy modern living rooms

                Your Dream Kitchen Including Appliances for Under $5k

                Your Dream Kitchen Including Appliances for Under $5k

                Home Page New

                The Secret To Totally Transforming A Shed In A Weekend & How We Did It For Under $250

                Going Green: Save Big Around The Home

                Going Green: Save Big Around The Home

                Here’s a smart solution! Rent camera gear for amazing shots & savings. Wow your Insta-audience too.

                Here’s a smart solution! Rent camera gear for amazing shots & savings. Wow your Insta-audience too.

                Turbo-charge your property value and home sale for under $1k with these fast hacks

                Turbo-charge your property value and home sale for under $1k with these fast hacks

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                  14 ways to save money in Australia

                  10 tips to save money on electricity in Australia

                  10 tips to save money on electricity in Australia

                  Maximise your food budget by cooking in bulk

                  Maximise your food budget by cooking in bulk

                  10 save money quotes: Successful strategies to finally stop spending

                  10 save money quotes: Successful strategies to finally stop spending

                  11 ways to make money in Australia: How to get ahead

                  11 ways to make money in Australia: How to get ahead

                  15 great quotes on how to save money

                  15 great quotes on how to save money

                  Cut your food budget and shop smarter

                  Cut your food budget and shop smarter

                  22 clever grocery hacks to save money and time

                  22 clever grocery hacks to save money and time

                  Ways to be frugal while living down under

                  Ways to be frugal while living down under

                  14 epic money-saving hacks for 2021

                  14 epic money-saving hacks for 2021

                  11 money-saving tips – get out of debt and save more

                  11 money-saving tips – get out of debt and save more

                  10 ways to save money on a tight budget

                  10 ways to save money on a tight budget

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                    Shoot and Edit Amazing Home Videos This Winter Season

                    Shoot and Edit Amazing Home Videos This Winter Season

                    Travelling to the US? Hot tips on finding the best car insurance

                    Going Green: Save Big Around The Home

                    Going Green: Save Big Around The Home

                    Here’s a smart solution! Rent camera gear for amazing shots & savings. Wow your Insta-audience too.

                    Here’s a smart solution! Rent camera gear for amazing shots & savings. Wow your Insta-audience too.

                    Home Page New

                    T’is The Season To Be Thrifty In July

                    6 tricks for slashing your next car loan

                    Home Page New

                    Living The Good Life Without The Guilt

                    Home Page New

                    Turning Food Waste Into Savings On Steroids

                    Home Page New

                    OMG! How to have the best African holiday ever!

                    The Ultimate Guide To Colour Coding Your Family Fast

                    The Ultimate Guide To Colour Coding Your Family Fast

                    The Sydney Travel Checklist You Shouldn’t Leave Home Without

                    The Sydney Travel Checklist You Shouldn’t Leave Home Without

                    Most Commonly Overlooked Boating Expenses

                    Most Commonly Overlooked Boating Expenses

                    Trending Tags

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                      • Body
                      • Feel Good
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                      Home Page New

                      Aussie Mums Guilty & Swamped With Housework

                      Home Page New

                      Living The Good Life Without The Guilt

                      Most Commonly Overlooked Boating Expenses

                      Most Commonly Overlooked Boating Expenses

                      How To Be the Queen Of Tropicana

                      How To Be the Queen Of Tropicana

                      Don’t quit your day job until you read this

                      Don’t quit your day job until you read this

                      Run errands smarter to save big

                      Run errands smarter to save big

                      Sleep more and eat well to get richer

                      How to buy your own dream island

                      This attitude hack makes people rich

                      How To Make The Most Of Your Study Session

                      When The Pain Just Won’t Go Away

                      Jewellery hacks: Fast tips on how to wear necklaces

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                      Health insurance | 5 sure-fire ways to stay healthy for less

                      Penina Petersen by Penina Petersen
                      April 28, 2016
                      in Body, Insurance
                      0

                      With the release of the latest Federal Budget, Aussies have much to worry about regarding their their rising cost of living. We’re tightening our purse strings, stretching out our grocery shops, running around switching lights off and making our lunches religiously instead of eating out.


                      Media Release

                      Following last Tuesday night’s Federal Budget, Australians are more worried than ever about mounting household bills.

                      New Galaxy research commissioned by iSelect shows that 2 in 3 taxpayers do not support a compulsory $7 co-payment for visits to the GP, x-rays and blood tests.

                      The co-payment is just one of the measures announced in the Federal Budget that has the potential to stretch household finances. If you’re smart about it however, there are strategies you can use to help offset the Budget increases – particularly when it comes to keeping your family healthy.

                      Matthew Cuming, spokesperson for comparison website iSelect says that while we may not be able to avoid a co-payment, there are some real savings to be had when it comes to private health insurance.

                      “We analysed the top ten health insurers and discovered significant differences in premiums. When we compared top hospital cover for the ten largest private health insurers, the potential savings were startling. Simply by comparing and switching to an equivalent level of hospital cover, consumers may be able to save from $267 up to a whopping $848 per annum. Just by doing a little research,” he said.

                      There is timeliness to his message about shopping around: you need to sort out your private health insurance by June 30 to avoid a number of taxes. Cuming also says that if you take out your private health insurance through iSelect, their Price Promise gives you confidence when you purchase.

                      “If you come across a cheaper premium after buying an identical health insurance policy through iSelect, we’ll give you a gift card for 200% of the difference. It doesn’t get much better than that,” he said.


                      iSelect have kindly sent me their top five tips to maintaining healthy private cover

                      1. Shop around

                      Among the 38 health funds in Australia, and the hundreds of policies they offer, there’s bound to be one better suited to your needs and budget. iSelect research has also shown an average 40 per cent price difference in equivalent levels of top hospital benefit, depending upon the fund.

                      2. Review and customise your policy to meet your current life stage

                      Do you swipe your card at the physio all year ‘round, or do you have children that need regular dental check-ups? Maybe your kids have left home and you no longer need pregnancy cover, but hip and knee replacement is on the cards. Whatever your stage of life, it’s important to regularly review your policy and ensure you’re covered for what you need and what you use.

                      3. Avoid unnecessary taxes and penalties

                      If you earn above a certain amount each year and don’t have private hospital cover, the tax department could hit you with the Medicare Levy Surcharge (MLS) – which can be up to 1.5% of your taxable income.

                      4. Co-payments and excesses – a good idea?

                      If you’re otherwise healthy and unlikely to be admitted to hospital during the year, then opting for a co-payment or higher excess can make good financial sense.

                      *Important, if you’re single and opt for an excess greater than $500 (or greater than $1000 for couples and families) you may sacrifice your ability to avoid paying the Medicare Levy Surcharge.

                      5. Don’t be afraid to switch funds

                      Many people still incorrectly believe that they will be penalised by switching to a new health fund or policy. The good news is that your right to switch is now protected by law and the new fund is required to honour any hospital policy waiting periods you’ve already served. Some funds also extend this guarantee to extras cover as well, so it’s well worth checking to see.

                      To compare and save visit iselect.com.au

                       

                       

                       

                      Tags: health insuranceinsurance
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