Compare Test Page | Extras Cover

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Find out how much you save over time with XHP.

Assumptions in this calculator:

  1. No annual increase in contributions.
  2. If using GAP value, it is set at 46.8%
  3. If using Annual limit default, it is at $1200/annum

Annual limits, waiting periods and individual fund rules have not been considered.
XHP scheme management fee is 0.5%, Interest paid is 0 % and the platform fee is $199/annum

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Amount paid by Extras Insurance:

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How many years do you wish to see:

Find out how much you save over time with XHP.

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So Lets Compare

You have had extras health insurance cover for . The amount you pay in contribution towards your extras health insurance cover each year is $ and on an average spent $ on extras health needs. The charts below compares XHP savings Scheme with Extras Health Insurance

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