Many Australians are choosing extras cover to supplement their private health insurance policies. Some are even choosing to forgo general health insurance and simply just get extras. Extras insurance helps cover the cost of healthcare services not included in Medicare or standard hospital insurance. With rising out-of-pocket healthcare expenses, extras cover offers practical benefits, ensuring Australians can have access to essential services without breaking the bank.
Here are some key reasons why extras cover is a popular choice:
Affordable access to preventative healthcare
Extras cover often includes services like dental, optical, and physiotherapy, which a patient would otherwise need to pay out of pocket for. Regular check-ups and treatments can prevent more severe (and expensive) issues later. For example, biannual dental cleanings are significantly cheaper when subsidised by extras insurance, encouraging proactive health management of teeth.
Support for mental health and wellbeing
Many extras policies include rebates for mental health services like psychology or counselling, which are not always fully covered by Medicare. Information from the Australian Bureau of Statistics shows that 42.9 percent of Aussies aged 16 to 85 experienced a mental disorder at some point during their lifetime. With growing awareness of mental health challenges in the country, having access to affordable therapy is a major incentive for extras to cover.
Rebates on everyday essentials
Extras insurance often covers everyday necessities such as prescription glasses, contact lenses, and orthotics. These are essential for many individuals, particularly those with chronic conditions, and can become costly without insurance coverage. By providing rebates or discounts on these essentials, extras cover can help to ease the financial burden of managing a long-term health condition.
Access to alternative therapies
In recent years, the popularity of alternative therapies has grown significantly among Australians seeking non-conventional treatment options for various health conditions. According to IBISWorld, the Alternative Health Therapies industry in Australia increased by 6.9 percent in 2023. Extras insurance often covers alternative therapies such as acupuncture, naturopathy, and remedial massage, providing individuals with additional options for managing their health.
Tailored policies to suit diverse needs
Many health funds offer flexibility, allowing policyholders to choose extras packages that suit their lifestyle. Whether it’s coverage for chiropractic treatments, acupuncture, or gym memberships, extras policies can be tailored to suit individual priorities. This allows individuals to prioritise their health needs and choose cover options that best align with their budget and lifestyle.
Coverage for ambulance services
While Queensland and Tasmania cover the costs of emergency transport for their residents, in many Australian states, ambulance services are not fully subsidised and can cost hundreds—or even thousands—of dollars. In fact, according to research by the health insurance team at Compare the Market, Australia is second only to the USA in terms of call out costs, with the average ambulance call out costing $915.25. Extras cover often includes ambulance insurance, ensuring peace of mind during emergencies, however, be sure to check potential policies for specific details and inclusions.
Increased financial security
By covering a wide range of out-of-hospital services, extras insurance can help to reduce unpredictable medical expenses. This added financial security can in turn make it easier for both families and individuals to budget for healthcare without compromising their savings. With extras policies, individuals can rest assured knowing they have coverage for future health and wellness needs.
Extras cover is more than an optional add-on—it’s a practical investment for many Australians that are seeking better access to essential and preventative healthcare services. For anyone looking to enhance their healthcare options, exploring extras policies could be a smart step toward improved financial and physical well-being. Start researching and comparing extras insurance policies today to find the right fit for your individual needs.
