ExtrasJar had secured its own Australian Financial Services Licence (AFSL), bringing the business one step closer to offering an innovative product for saving and paying for healthcare.
All travel insurance policies are different but most have exclusions for pandemics like Coronavirus (COVID-19). Check your product disclosure statement and any government “do not travel” advice before you travel!
The dust has now settled on the federal budget but little has been said about how it will impact private health insurance. The team at ExtrasJar is here to give you the lowdown on a key change announced in the budget and how it may impact you and your family.
You will often come across terms like “lifetime loading”, “medicare surcharge” or “government rebate” when signing up to a private health insurance policy or completing your tax return. The team at ExtrasJar explains these terms below to help you understand how they may affect you and the amount of tax you pay.
With the pandemic reducing income for everyday Australians and many health services being unavailable due to the lock down, thousands of young people have dropped their private health insurance. Will the industry survive or is reform needed?
When it comes to health insurance extras, we are faced with a dilemma, which child uses the family limits and which child goes without? There are alternatives which need to be discussed.
Equity markets have rallied off their lows during April 2020 and the rate of recovery will be closely watched as new economic policies are introduced and restrictions are lifted. The extent to which consumer sentiment rebounds will be a key driver of the shape of recovery.
As the health insurance industry struggles to retain customers because of rising insurance premiums, it would seem that some insurers have resorted to questionable conduct to attract new customers.
Should I save for my own health care extras rather than use insurance? I have come to the conclusion health care extras are not worth it and I now save for my own health care extras instead.
Actuary, risk and compliance executive and product developer.
