Being informed is half the battle won!

At XHP we do not claim to be the only option available to you. 
The only claim we make, is that your unused funds accumulating over time will enable your health and finances.

Here is a simple way to work out what your extras health cover is costing you.

What does your Extras Cover Actually Cost

How much does the combine hospital and extras cost per year ?
$
This is what you are paying at present.
How much does the hospital only cover cost?
$
Check the website of your health insurance provider for equivalent hospital only cover.
This is how much the cost of extras cover is.
$
Cost of combined cover less hospital only cover.
Extras Health Insurance Facts.
Except of a few services at preferred providers. You will have a "GAP" to pay.

Most services have caps per year, even at preferred providers

What you do not use is lost forever, even though extras health insurance is nothing more than a bunch of coupons of fixed value toward a treatment.

It pays to compare Apples with Apples, espcially if both are designed for extras cover. 

Compare XHP with Extras cover to see how much you could save

Assumptions in this calculator:

1. Contribution Fee 1% 2. Management Fee 0.5% 3. Average GAP 48.6% * XHP Platform fee is not included in this calculation.

The actual cost of your extra's health cover is the total of the premiums paid for extras health cover and the gap paid when accessing the cover. Whilst you are healthy, most of the extra's cover is not used. So over time, all the unused cover is also wasted.

$
$

Amount paid by Extras Insurance:

$
%

How many years do you wish to see:

Find out how much you save over time with XHP.

$
$
$
$

So Lets Compare

test

XHP

XHP - Average Spend /year

PHI

PHI - Average Spend /year

Assumptions used in the calculation for XHP are contribution fee is 1%, management fee is 0.5% charged monthly, no interest is paid, no health fund bonus is calculated. This report is based on the information you provided and is general in nature. It is not professional or financial advice and is only intened to inform you. Please seek professional advise as is relevant to your circumstance.

Extras health needs will vary over time, in this comparison the expense is calculated as an average spend per year. Though, this would be up and down depending on your health needs, e.g. your child needs orthodontic braces. As unused funds accumulate with XHP, you may be able to cover a significant part of the treatment cost compared to extras health insurance where the amount paid out is limited irrespective of the duration of cover has been held for.


However, individual circumstances and needs vary. Whilst XHP is an alternative and a way of retaining investments you make in your health it may not be suitable for everyone. You are encouraged to make an informed choice. Our aim at XHP is to enable health and save money.

XHP

YearContributionSpendGAP Real Cost Net Position

PHI

YearContributionSpendGAP Real Cost Net Position
Our aim is to inform you of your options and why XHP makes better sense for your money. 

Extra's health cover has no tax benefits either, it is a total waste of money if you do not use your cover, at least with XHP whatever you do not use accumulates for your future needs.

By accumulating your unused funds, you not only avoid unnecessary debt's you enable your financial health and wellbeing.

If you really can't afford to waste your money, consider XHP for your extras cover.

If you would like to work out, which extras cover you use and want to work out how much you are getting back from your extras health insurance cover.

If you what you are seeking is absolute clarity, then try and gather the invoices you have. Please note you will have to enter the cost of your extras cover in the bottom line.

Click on add service and then from the drop down box add the services you have used in the past year.

Extras Use and Costs

Enter Service Cost and the Gap paid for the services you used this year

Service Category

Service Cost

GAP Paid

Rebate

Dental

$
$
$

Optical

$
$
$

Physiotherapy

$
$
$

Chiropractic

$
$
$

Podiatry

$
$
$

Mental Health

$
$
$

Speech Therapy

$
$
$

Occupational Therapy

$
$
$

Remedial Massage

$
$
$

Lifestyle Management

$
$
$

Eye Therapy

$
$
$

Naturopath

$
$
$

Health Aids

$
$
$

Bowen Therapy

$
$
$

Alexander Technique

$
$
$

Sports Medicine

$
$
$

Yoga

$
$
$

Non PBS Medication

$
$
$

Chinese Herbalism

$
$
$

Ambulance

$
$
$

Total Service Spend $0

Total GAP Paid $0

Total Rebate $0

How much does your Exras Cover Cost?
$
How much was the Gap paid on your extras health needs
$
The Total cost of your extras cover is
$
Cost of the cover per day is
$
Did you use all your extras cover? 

Chasing down appointments and finding preferred providers and health fund deals is not only time consuming, but it can also be a significant disruption to your normal life. 

Dental, Optical and Physio followed by remedial massage is the most used services.

People who do not have insurance or similar are less likely to participate in preventive care and end up having bigger health bills overall. This is a pre covid statistic reported by AIHW.
It makes sense.

Australian Owned and Operated
Designed ground up by consumers and health professionals for a better extras cover.

XHP members enable their health and finances

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 the amount deposited to your account.
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram