private health Flashcards
1
Q
what is private health ?
A
type of insurance that members pay a premium for in return get health related costs not covered by medicare
how it works: consumers purchase private health for extra covers, like dentists
2
Q
advantages of priv health
A
choice of doctor
shorter waiting times
keeps costs of operating medicare under control
3
Q
disadvantages
A
too much money , gap costs
4
Q
incentives of priv health
A
age based discount
mediacare levvy surcharge
lifetime health cover - extra 2 cents every year if over 30
private health rebate
5
Q
what is the rebate
?
A
policy holders recieved 30 cents per rebate on their premiums for their premiums
