If you are being encouraged to take out some kind of private health insurance then it is obvious that you’re going to point out that universal public health insurance is currently available to everyone in Australia and there is no need to have any kind of private health insurance policy in place. The point that you’re missing however is that it is so important to have alternatives when it comes to the treatment and care of both yourself and your other family members. The public health system is excellent but sometimes there are long waiting lists for a particular procedure and especially when it comes to things like dental care and eyesight health.
Many people want faster treatment and so this is why they look for not for profit health insurance because these insurance providers do not have the same obligations that for-profit insurance providers have to meet. If this is all very new to you and you would like to learn more about the top benefits of choosing non-profit insurance coverage then maybe the following can help to shine some light on it.
- Their first priority is you – If you are dealing with a for profit insurer then you can be sure that they will put their shareholders ahead of you every single time. They are a business and so it is crucial that profits are generated but you don’t have such issues with non-profit health insurance providers. Any money that is made over and above their costs goes straight back into the business, is passed on to you the member and they are giving back to the community. This means that you get to enjoy lower premiums and so this can only have a positive effect on your finances.
- Access to more services – With private health insurance, you get to enjoy both sides of the coin and so you can enjoy both public and private health care facilities. Many people wrongfully think that not-for-profit insurance providers don’t provide the same benefits that for-profit insurers do, but this couldn’t be further from the truth. In many situations, they can offer better services because they are always ploughing money back into the business to improve services for everyone.
- You get to enjoy lower premiums – People nowadays always complain about the high cost of having private health insurance and so not-for-profit insurers take steps to make sure that they can provide you with policies that offer lower premiums. They are not worried about making a profit and so as long as they can cover their necessary overheads and the salaries of the people that work there, they will do everything within their power to keep premiums low so that they are more affordable for all.
As you can see, there are many benefits to be had by engaging with a not-for-profit health insurance plan and so if you’re thinking of taking out additional health insurance then this is certainly the way to go. You will be provided with excellent service and coverage that is clear and easy to understand. You will always be their top priority as a member and these particular enterprises have been providing health care to Australians for many decades now already.
