{"id":57,"date":"2018-02-21T12:08:00","date_gmt":"2018-02-21T12:08:00","guid":{"rendered":"https:\/\/youmustgethealthy.com\/2018\/02\/21\/health-insurance-rebates-what-they-are-and-why-theyre-important\/"},"modified":"2020-12-09T20:52:17","modified_gmt":"2020-12-09T20:52:17","slug":"health-insurance-rebates-what-they-are","status":"publish","type":"post","link":"https:\/\/youmustgethealthy.com\/health-insurance-rebates-what-they-are\/","title":{"rendered":"Health Insurance Rebates: What They Are and Why They’re Important"},"content":{"rendered":"
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Investing in your health insurance will be one of the wisest decisions you will have ever made. Why so? Life is full of uncertainties and while there is a possibility of certain scenarios where you have invested a bit too late on your health insurance to be able to reap its full benefits, there surely is no such thing as being “too early” to do so.<\/p>\n

Whether you’re still on the first step of establishing your own career or you’re planning to start your own family soon, dropping a partial amount of your money on health insurance will act as a safety net, should anything happen to you in the future. However, there are still millions of Australians who think that acquiring health insurance is expensive and unnecessary.<\/a> That’s why, since the Howard government during the late 1990s, the private health insurance rebate was passed as one of the three policy incentives. So what is a health insurance rebate?<\/p>\n<\/div>\n

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What Are Health Insurance Rebates<\/b><\/h2>\n
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It is no secret that a lot of Australians are intimidated by the thought of investing in health insurance, and that’s what the government has been trying to cure. A health insurance rebate is basically an act in which the government covers some of the cost of the public’s premiums. The fact that it is income-tested means they cover what is only necessary based on your annual income in order to encourage you to invest in your own health care.<\/p>\n

This policy applies to the hospital cover (accommodation, surgeries, pharmaceuticals, and laboratory testings), general cover (physiotherapy, speech therapy, hearing aids), and ambulance covers only, excluding the overseas visitors cover.<\/p>\n

YOU SHOULD READ:\u00a0A Beginner’s Guide To Understanding Health Insurance<\/a><\/p>\n

Why are health insurance rebates so important?<\/h2>\n

For you, we have narrowed down the top three reasons which have made health insurance rebates so important:<\/p>\n

1. It encourages the public to invest in their health insurance<\/i><\/b><\/p>\n

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Some people only have health insurance because it has become a requirement for their job and their companies are paying for it. But when left to their own devices, most wouldn’t even think about signing up for it. With the government shouldering partial of the cost of your health insurance, you are less likely to be intimidated by the monthly payments and focus instead on your future, since the government has your back.<\/p>\n

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2. Investing in your private health insurance gives you more freedom with its benefits<\/i><\/h4>\n
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With private health care insurance that is partly taken care of by the government through rebates, you will have a peace of mind knowing that you have more freedom when it comes to accessing its benefits when they\u2019re finally needed. Here are some advantages and what you wouldn\u2019t have without health insurance:<\/p>\n

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