Compare Calculator

Compare Extras Cover Health Insurance

Find out how much you save over time with XHP.

Assumptions in this calculator:

No annual increase in contributions.
If using GAP value, it is set at 46.8%
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

Annual Contributions

Average Spend

Amount paid by Extras Insurance:

Set Amount

Percentage

Not Sure

How many years do you wish to see:

5 years

10 years

15 years

NOTE : XHP calculators are for illustrative purposes only and are not intended to be a substitute for your independent opinion or personal advice from a financial planner who can advise you based on your circumstances. The fields are pre-populated with default data, all of which can be changed for simulation by you.

Find out how much you save over time with XHP.

Annual Contributions

Total Spend over

Amount Covered

Net Position with XHP over

Net Position with Extras Health Insurance over

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

Year	Contribution	Spend	GAP	Real Cost	Net Position

PHI

Year	Contribution	Spend	GAP	Real Cost	Net Position

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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.