Health
Storyboard Text
- Hi, I'm Paul. I'm a single man in my 40s. I earn 130,000, and have degenerative back condition, which might require surgery in the next few years
- Hey Paul, I heard from Ram that you have a back condition. I was just wondering if you know about the different types of cover available. My dad is suffering from a similar thing
- Yes of course! There is mainly one type of cover available: hospital cover
- Oh, that's great! Can you tell me about the caps and exclusions?
- The exclusions include joint replacements and pain management. Joint replacements include revision, resurfacing, partial replacements and removal of the prosthesis. Pain management is hospital treatment for the implantation, replacement or other surgical management required for the treatment of pain.
- Ok, what is the impact of the Medicare levy surcharge?
- Well, the Medicare levy surcharge (MLS) is an additional cost if you don't have an appropriate level of private patient hospital cover and your income is above a certain amount.
- As this is a further cost on top of the already owning payments, it may make it difficult for Paul to protect himself in a medical situation.
- Great! Thank you so much for your help Paul. I just have one more question. Whats the impact of the lifetime health care loading?
- Once you get over the age of 31, you have to pay an additional 2% loading to your hospital cover premium for every year you’re without hospital cover. This increases the price yet again and may make it difficult to make the payments.
- Thank you so much Paul! You've been such a great help, I really appreciate it!
- No worries! Hope to see you around again!
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