Case Study | Extras Cover

Gift of Health Case Study

Here is a straight question for you. Can you from your extras health insurance cover care for someone you care about. Not likely!

Unless they are listed on your card and you have been paying for them as well. It is not possible at least in the present moment of time being the 8th of October 2020.

But here is the alternative – You can give a gift of health to anyone, they dont even have to be a blood relative. Only one condition applies. The gift can only be redeemed at XHP preferred health providers.

Best part it does not cost you a cent to give anyone a gift.

Here is what some people have said about being able to send a gift of health

Mary who has 3 grandchildren

2 of my grandchildren have horrible looking teeth and need to have them correct as it is affecting them. They barely smile. Its heart breaking to see how the crooked teeth is affecting them. The parent are not going to be able to afford care. At least this way I can help them, with their children. What better way to use my money than just buy them icecreams.

Peter – Friend who has bad back and can not afford care

At least I can help my mate with some physiotherpy to get him moving again

However, you must consider that some health funds extras cover may change their offering or limits, in which case you may be better off with private health insurance extras cover. It would be in their offer document.

Information provided is General Information only. Your personal circumstances have not been considered and do not constitute financial, legal, accounting or tax advice. Past performance is not indicative of future performance. Information used here is based on assumptions as above and as having occurred in the past, is not a future forecast. Account balance calculation is based on no spend for health with either PHI or XHP. The return for health insurance assumes no claim on a health insurance policy over the relevant period. No value has been attributed to holding a health insurance policy in the relevant period however it may be desirable to hold health insurance based on your personal circumstances.

Proudly Australian for Australians

Australian Owned and Operated


Suite2, 36 Macaree Street,
Berserker, Rockhampton,
Queensland 4701
Phone (07) 4807 6424
Email [email protected]

Xtras Health Plan Ltd – AFSL500574
Xtras Health Plan Savings Scheme – ARSN 627076411
Xtras Health Plan Ltd – ACN 618020885

Xtras Health Plan Savings Scheme (Xtras) is not an insurance policy and you should consider your personal circumstances before deciding whether to open an account. Funds deposited to an account will not be eligible for a private health insurance rebate. Xtras may be considered as a replacement for or to act supplementary to private health insurance depending on your personal circumstances. Xtras Health Plan Ltd does not warrant that Xtras is suitable for your personal circumstances and you should consider your health and financial needs before deciding whether to open an account. There is a risk that you may have insufficient funds in your account to meet the costs of health treatment depending on the treatment required and amount deposited to your account.