U3 AOS2 The Australian healthcare system (6) Flashcards
Private health insurance
Private health insurance is a subscription or policy for which a person pays to provide them with different levels of cover. Private health insurance can provide individuals with additional healthcare services to those provided by Medicare in the form of ‘extras’ which are dependent on the level of cover an individual takes out.
List 3 advantages of private health insurance
It helps the government to address the increasing costs of Medicare, if extras or ancillary policies are purchased, an individual can access a wider range of services not covered by Medicare, and it may result in shorter waiting times for some procedures, and can allow patients to select their own doctor in a public or private hospital.
List 3 disadvantages of private health insurance
Individuals may feel that they are paying for a service they don’t use, there can be out-of-pocket costs for some services in some policies, and there may be a qualifying or waiting period for some procedures.
List all the private health insurance incentive schemes
Private health insurance rebate , medicre levy surcharge, lifetime health cover, and an age based discount.
Private health insurance rebate
Australians with private health insurance receive a rebate from the government to help cover the cost of their premiums. Australians who have private health insurance can opt to pay a reduced premium and the government pays the balance, or they can pay the total and claim the rebate via their tax return.
Medicare levy surcharge
An incentive that takes 2% of taxable income to assist in covering the cost of Medicare services. An additional surcharge between 1-1.5% in addition to the 2% has been charged for higher-income earners who do not have private hospital health insurance to encourage people to take up private health insurance to reduce the demands on the Medicare system.
Lifetime health cover
An incentive for people to continue with private health insurance coverage throughout their lifetime. Anyone who doesn’t have private health insurance with a registered health fund in Australia before 1 July following their 31st birthday and then decides to take out cover later in life, will pay an additional 2% loading on their premium for each year of age over 30 they join (with the maximum loading being 70%).
Age-based discount
Individuals aged 18-29 receive a discount on hospital premiums of 2% for each year that a person is aged under 30 when they first purchase eligible hospital cover, up to a maximum of 10 per cent.
Explain how private health insurance is funded
Funded by members through the premiums that they pay
The National disability insurance scheme (NDIS)
The Commonwealth Government’s new way of providing individualised support for these who are born with, or acquire a permanent or significant disability, their families, and careers. NDIS will fund reasonable and necessary supports and services that relate to a person’s disability to help them achieve their goals through full access to the support they need to improve their quality of life. Eligible NDIS participants (i.e., under 65 years) will receive funding to work towards the goal in your NDIS plan such as improving speech and communication through therapy, or getting and keeping a job.
Give 2 examples of things the NDIS will help people with disability do
Access mainstream services and supports, including healthcare, education, public housing, aged care, and the justice system;
Access community services and supports, including sporting clubs, libraries, charities, and community groups;
Permanent disability
A persons disability is one that is likely to be lifelong.
Significant disability
A disability with a large impact on a persons ability to complete everyday activities.
Reasonable support as provided by the NDIS
The support is most appropriately funded or provided through the NDIS.
Necessary support as provided by NDIS
Means something a person needs that is related to their disability.