Time to talk health with your financial adviser

If I had to guess, I wouldn’t say you spent part of your weekend reviewing your health cover. But life moves fast, and chances are your health insurance hasn’t been keeping up. 

Recent government changes across the entire Private Health Insurance sector are making it more affordable, easier to understand and easier to compare for many Australians, whatever stage of life you’re at.

And yet, this evidence from TAL shows that 73% of Australians have never changed health fund providers, and a third of those who have reviewed and decided to change have only done it once. Even more concerning: 50% of Australians don't understand what their private health insurance covers them for, and most find out they're not covered upon hospital admission when it's too late to change, or when they finally review their insurance and find out they're paying for cover they'll never use.

Of course, there are many factors at play in deciding when and why to review your cover, like age, family status or financial change.

 As a risk adviser, I understand that protecting the financial wellbeing of your family is important, but it’s also important to ensure you have the right cover for your health and wellbeing too.

There are also discounts available when you review your health insurance through your financial adviser, that’s why it’s a great time to review your health insurance today.

#healthinsurance #insurancereview #PHI #hlbinsurance