Extra covers are also called the ancillary cover, provides you cover for general treatment and care out of the hospital. Majorly two types of health insurance are offered, hospital cover and extra cover. For aid in payments for the in-hospital procedures, you buy a hospital cover or you purchase iSelect health insurance extras for general treatment that does not need a visit or admission in a hospital. The popularity of extra cover health insurance is on the rise these days. It covers a vast range of general procedures like dental, optical, physiotherapy, etc. You can find at least one of the procedures that will entice you to buy extra insurance. Here is some insight into the extra cover that will help you in deciding about your insurance purchase.
- Is it worth it?
Having a dental check-up twice a year, eye tests and glasses, etc are common expenses that almost everyone has to make to ensure healthy physical conditions. However, none of these treatments need you to hospitalize and are not included in the in-hospital cover. So do I need to pay for them all by myself? The answer is no. This is exactly what extra cover is for. As these checkups are a part and parcel of your life, extra cover worth more than you would think. Also, you can tailor the cover based on your needs and pay only for the selected cover. This makes it more flexible and a better substitute for full health insurance.
- Popular inclusions of extra cover
Extra health insurance covers provide different benefits and limitations based on the type and amount you pay. If you consider a top-level extra cover, you will find plenty of options to choose from. The following are the most sought extra covers these days.
- Dental care and treatment
- Medical appliances
- Chiropractic treatment
- Optical treatment
- Alternative therapies and lifestyle programs
- Pharmaceuticals not covered by PBS
- Check the extra limit
Just like any other insurance plan, extra also comes with some limitations. These limitations may be different for a different provider. These are often treatment specific. For instance, your plan can limit you for the amount you spend on your glasses and also on the number of glasses you can purchase. This limit also depends on the type of plan you choose: single, couple or family. It is important to read your plan brochure carefully to know the exact limitations and draw the maximum benefits from them.
- Waiting period for extra cover
Unlike hospital cover, the waiting period for extra cover is determined by your insurance provider. This often works in your favor. Your insurer always wants to please you to get your business. For that reason, your insurer may also waive the period to provide quality services and entice you to invest in more plans.
- Choosing an extra cover
If you are looking for something that assists you in some specific treatment and services, you should choose extra only cover. Your insurer may provide you three fundamental types of extras: basic, medium and comprehensive. These categories have different sets of services that you can choose from. While basic includes the fewest services, comprehensive includes the maximum. There are a few things you should keep in mind while selecting an extra cover.
- Item limits and annual limits
- Percentage benefits
- Provider schemes for higher rebates
- Loyalty bonus