FAQ’s
Personal Insurance
Insurance of human life values against the risks of death, injury, illness or against expenses incidental to the latter. 2 : insurance purchased for personal or family protection purposes as contrasted with insurance of business property
The cheapest health insurance option will be Medicaid. However, you must first be eligible to enroll in the federal insurance program. To be eligible, your household income must be less than either 133% or 138% of the federal poverty level (FPL).
With hospital cover, you can dodge the Medicare Levy Surcharge if you earn over $90,000. Plus, if you take out private health insurance before you turn 31, you can avoid paying the Lifetime Health Cover loading.
Private health insurance is designed to cover policyholders for certain hospital and medical expenses that aren’t covered under the public health system, Medicare, or where the patient chooses to be treated privately.
You recently took a job with an employer that doesn’t offer healthcare coverage. Or maybe you’re self-employed and are seeking a plan that won’t break the bank when you receive medical care.