Are there any negatives to taking out private health insurance?
As with any financial decision, there are always risks and it’s possible you might not get exactly what you were promised. There are examples of poor behaviour by some health insurers and sadly it’s customers who lose out at the expense of a company turning a buck.
Instances of customers not getting what they were entitled to or policies being deliberately vague can come at an especially vulnerable time. People could be dealing with an existing condition or needing emergency surgery, yet they discover they’re not covered or the costs are way more than what they thought.
This might have even happened to you with a previous insurer, which is why you’re here now trying to work out what’s the best course of action.
Members Own strongly believe that health insurance should be there when people need it and it should never exploit someone’s ill-health or misfortune. Our team are incredibly passionate about giving people the right information, always being transparent and providing health cover with a heart.
That’s why you’ll always be a member, not a number, if you choose to go with one of our health funds.
Talk with friends, family or colleagues about their experiences with private health insurance
Nothing beats good old fashioned advice from someone you trust. It can save you time and also give you an idea of what to expect. Because if you’re taking out single health insurance for the first time, it can be confusing and it’s possible you’ll just keep delaying it.
Unlike purchasing a new phone, laptop or clothes, buying a “junk health policy” could not only leave you out of pocket but it could also impact your health in negative ways.
Unfortunately, this does happen to people. Those who had the best intentions with their health insurance but perhaps didn’t fully understand what was being sold to them. Or maybe they were told something over the phone or from watching an ad, but in reality their policy wasn’t worth the paper it was written on.
So doing that little bit of extra background research can help guide you in your decision making and ensure you don’t end up with crappy cover.