Case Study | Extras Cover

Limits and More limits Case Study

Betty had been with the Extras health insurance provider for over 10 years and do you know what the price of her loyalty is?

Limits on the rebates for the things she wanted to have done for health and well being. This is illustrated in the table in the case study in the section on managing your gap. Click here

Her loyalty over the entire period has meant more of out of pocket expenses as she finds that she has been needing more than just the basic care. Imagine in the out of pocket she paid was sitting in her mortgage offset account reducing the principal amount of her mortgage and the resulting interest that had to be paid.

This is exactly what can be saved with XHP. The simple fact of rolling over unused money and accumulating the funds helps to manage out of pocket expenses making her extras cover worth every cent.

The price of her loyalty to XHP, in the case study, she had no “GAP” or “Out of Pocket” expenses to pay and did not have to dip into her savings to fund her treatment.

If you would like a health plan, that does just what it says and enables your health click below

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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.

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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.