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Health insurance gap fees hitting older Aussies in the pocket

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Did you know that out-of-pocket expenses for hospital treatments are now (average)  $333 across all hospital treatments.

Even worse, it’s older Australians who are more likely to use hospital services that are being hit hardest by these rising costs.

It’s time to take matters into your own hands by finding hospital cover that minimises gap fees. Start today with Health Insurance Comparison.

Older Aussies are feeling the heat of rising gap fees

Industry regulator APRA’s latest statistics on private health insurance is bad news for older Australians. Some common hospital treatments – such as ear, nose and throat, – have a whopping average gap charge of 31%.

That’s a significant out-of-pocket cost for hospital treatments on top of what you’re already paying for your health insurance.

Health Insurance
It’s older Australians who are more likely to use hospital services that are being hit hardest by rising costs. Photo: Getty

It’s not surprising that older Aussies are left wondering why they have to pay for gap prone health insurance as well as fork out for treatment they should have already been covered for.

But you can take action. Many health insurers offer “no gap” schemes that can eliminate out-of-pocket hospital expenses. The first step to finding cover that doesn’t leave you with a big medical bill is to compare policies.

How we can help you cut costs

At Health Insurance Comparison, we specialise in finding and comparing hospital cover policies for older Australians. We hunt down affordable cover from our panel of insurers so you can reduce your risk of getting hit by gap fees.

Over the last 5 years, we’ve saved our customers an average of $320* off their annual health insurance cost when they switched policies through us.

Don’t wait for the inevitable further increase of gap fees. Do what you can to avoid getting hit with out-of-pocket expenses when you need hospital treatment. Take action today and compare** policies now.

This article is opinion only and should not be taken as medical or financial advice. Check with a financial professional before making any decisions. 

References: ^Quarterly Private Health Statistics*Based on 111,658 policies sold Jan 2017 – Nov 2021

**We compare products from a panel of trusted insurers. We do not compare all products in the market. Not all products available from our panel of insurers are compared and not all products are available to all customers.

The post Health insurance gap fees hitting older Aussies in the pocket appeared first on The New Daily.

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