Would you be happy to lose over $1,300 a year?
OverSixty has partnered with Compare Club to stop this happening!
There’s nothing worse than paying for something that you aren’t using! It means you’re missing out on good value - and cost savings!
This is exactly what happens to a lot of us with our health insurance extras though!
According to Senior Health Insurance Adviser at Compare Club Eli Boroda:
“Australians leave $1,300 of their extras to go to waste each year^. Every day I have the same conversation with people who suddenly realise they’re paying top dollar for a policy with generous annual limits on dental, physio, chiro, and more, that they’ll never come close to using. The health funds love these guys - they’re like gym members who join but stop going after a month.”
In order to help you save, OverSixty has partnered with Compare Club, one of Australia’s most trusted teams of health insurance experts*. They review health funds and their policies every year - and their data shows that a lot of Aussies leave around $1,300 of health fund extras going to waste each year.
That's a lot of money to leave unspent - especially with your health insurance premiums on the rise!
Use them, or lose them…
Did you know that extras for health fund benefits don’t roll over? That’s right - if you don’t use them across your calendar year, you’re just giving your health fund your money for free.
For example:
Most Aussies can access up to $1,050 of dental rebates, but only claim around $238, meaning they’ve missed out on $812 worth of treatments or check-ups**.
In 2023, that’s way too much money to leave behind, so here are our top 5 expert tips to maximising your extras:
- Keep your receipts: most health insurers let you claim in the following year for treatments that you paid for in this year, so you can still claim those rebates.
- Many health funds make it easy to check what benefits you’ve got remaining either online or via an app. Get in the habit of checking your benefits on the first or last day each month. Book in those appointments you need.
- Are there a range of extras on your policy you just can’t seem to use up? This is the BIGGEST sign your policy isn’t a great fit for you. Consider switching to cover that delivers benefits you’ll actually use.
- Check what percent benefit your fund gives you for the extras you use regularly - like dental, optical, and physio. Policies that offer 100% cover for services you use most are where you’ll make the most savings - and don’t forget to claim!
- Last but not least, talk to one of our expert brokers – they’ll help you audit your cover so it actually meets your needs, without costing the earth.
There’s no point paying hundreds of dollars for big annual extras limits if you never use them up. In fact, it means you’re losing money!
If you’re wondering about better value cover for yourself or your family, talk to an expert broker about what's on offer right now.
Call 1300 863 204 now, or visit compare.oversixty.com.au to save today!
^Australians missing out on $1,300
*Based on Trustpilot reviews, correct as of 04/01/23
**Australians not claiming full dental rebates.