i didnt get that excess part. you dont have to pay monthly premium if u opt for excessplan? and if yes will excess plan cover all the expenses with minimum downpayment of excess? say a surgery costs 10000 and excess plan is 750 will it cover the surgery?
It depends on the policy, how long you had the policy and type of procedure but often it would cover the hospital stay, but you would need to ring the insurer first to check. However doctor fees are seperate and often not covered by insurance and those fees make up the big out of pocket fees so make sure you get a quote for out of pocket expenses first before. If you’re not concerned about which doctor you use or don’t care about wait times then our public hospital system is a great alternative for many.
It's good to find Australian content on UA-cam. Much appreciated.
Thank you so much. I have more videos planned so hope you drop by again!
nice content and great tips
Glad you like them!
@@MoneywithDan :) keep up the good work
Hi, does private health insurance cover overseas travel?
it is unlikely it will but ring your fund to check. You may need an extra policy at an extra cost
@@MoneywithDan thanks Dan
Is the $90k income
Before or after tax ?
Before tax. Thanks for asking
@@MoneywithDan Thanks for replying.
Looks like I better look into getting covered then :)
is it compulsory to have a health insurance ?
no it’s completely optional in Australia for citizens. some visa holders need to have it though.
@@MoneywithDan anhan ok thanks for a prompt response
i didnt get that excess part. you dont have to pay monthly premium if u opt for excessplan? and if yes will excess plan cover all the expenses with minimum downpayment of excess? say a surgery costs 10000 and excess plan is 750 will it cover the surgery?
It depends on the policy, how long you had the policy and type of procedure but often it would cover the hospital stay, but you would need to ring the insurer first to check.
However doctor fees are seperate and often not covered by insurance and those fees make up the big out of pocket fees so make sure you get a quote for out of pocket expenses first before.
If you’re not concerned about which doctor you use or don’t care about wait times then our public hospital system is a great alternative for many.
@@MoneywithDan anhan thanks alot for an elaborate answer
@@MoneywithDando I have to wait 12 months before I can use it ?