Australia’s Leading Health Insurance Provider

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For kids we provide no hospital excess on every one of our family hospital covers. We also offer 100% back on included extras at Members’ Choice providers, as part of our Growing Family and Settled Families packaged covers. This only applies to child and student dependants. Only up to annual limits and waiting periods apply, including 12 months for some dental services.
Source: the official U.S. government site for Medicare

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Medicare Advantage: Private Health Insurance Through Medicare

While you won’t need to pay a Part A premium, you will need to pay the “standard” Part B monthly premium, which is $134 in 2017. People with higher incomes (household income over $170,000) will pay higher premiums on a sliding scale, with adjustments ranging from about $53 to $295 more per month. The maximum premium will be $428.60. However, if you get Social Security benefits, your standard premium will be lower, because the Part B premium increased more than the cost-of-living increase for 2017 Social Security benefits. If this applies to you, your standard premium will be around $109. 

What is covered by Medicare?

Medicare is the basis of Australia’s health care system and covers many health care costs. You can choose whether to have Medicare cover only, or a combination of Medicare and private health insurance. Citizens and most permanent Australian residents are eligible for Medicare.

The Privatization of Medicare

Proponents of the comparative costs adjustment demonstration project claim that this competition will result in better benefits to seniors at lower cost. Healthier seniors who enroll in subsidized Medicare Advantage plans, which are overpaid compared to the traditional Medicare program, may do better in such a system for a time. Older, sicker seniors are more likely to remain in traditional Medicare where they are certain of the benefits it provides and they can continue seeing the doctors they know. However, because the risk of insuring these seniors would be spread among many fewer people, it is inevitable that they will end up paying higher Part B premiums than beneficiaries who are not in comparative cost adjustment areas. At the same time, they are subsidizing the private companies that drain healthier retirees from their risk pool and further increase their costs. This privatization experiment would likely move Medicare beneficiaries out of traditional Medicare and into private health plans thus further eroding the social insurance nature of Medicare.

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