Health Insurance

Have you ever heard of the term “self-insurance”? It’s being referred to as an alternative to the traditional process of taking out a health insurance policy as a safety net. But can you really afford to self-insure and is it the safest option? According to finance and insurance expert, Bessie Hassan from finder.com.au, “The answer is probably not. You never really know when a medical issue can pop up and how much it’s going to cost you, the reality is that not everyone can afford to fork out $35,000 when the time comes.” With this in mind, Bessie  discusses the importance of having health insurance and being covered if the worst happened.

It’s that time of year again! The end of the financial year is quickly approaching and there are a few things you should probably be aware of. If you’re thinking about taking out private hospital cover in the near future but you lack the motivation to do so, putting it off may mean you’ll be affected by certain fees and charges, especially if you’re earning over $90,000 per year. In this article, HIF guest blogger Bessie Hassan from finder.com.au explains what the Medicare Levy Surcharge is and how you can avoid paying it.