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Compare your extras cover with Xtras Health Plan

February 10 , 2019 0

Compare the pair and your options
Benefits	Features	Private Health Extras	Xtras Health Plan	Check Current
	Fund utilisation	Use IT to lose IT	Use it or Keep It
	Gap Payments	May be not with Preferred Providers	Depends on Account Balance
	Fee Increases	Every Year	Your Choice
	Limitations	Extras Cover only	Extras Cover and Hospital GAP
	Rules	Complex multiple rules combinations and permutations	Simple. 3 Rules only Australian Registered, operating and Payment
	Limits and Caps	Caps and Limits on most if not all services	None, your choice on how to use your funds
	Cover anyone you choose	Limited to nominated people on the cover	Your Choice on who you wish to help
	Cancellation	Total Loss of funds	80% of balance of funds returned
	Hardship	Limited to a defined period and no benefit	3 years with full access to your funds and benefits
	Transparency	Limited	Fully Transparent

Risks	GAP if costs higher than limit	Yes	Only if insufficient balance in the account
	Established	Yes	New
	Health rebate	Yes	No
	Licensed	Yes, by APRA	Yes, by ASIC
	Risk Pooling	Yes – Limits applied to claims	No – Risk not pooled
	Subsidisation	Yes	No

Key points for consideration:

Did you use all your extras cover last year?	Yes / No
How much did you use your extras cover in the last 5 years	All of it (Yes) / Some of it (No)
Do you have to pay a GAP?	Yes / No
Is the cost of cover rising more than other things?	Yes / No
Are you getting the most out of your cover	Yes / No

If you answered “Yes” to most of the questions above, then you have the right cover for yourself and your family depending on your circumstances. If you answered “NO” to the majority then you have a decision to make. Ask yourself

Are you better off for the years you have had extras cover?	Yes / No
Is your extras cover easy to understand?	Yes / No
Are you getting value for your extras cover, that costs more each year?	Yes / No
Are you accumulating used funds in your current extras cover?	Yes / No
Are you confident the cover will decrease your financial pressures?	Yes / No

Xtras Health Plan Saving Scheme is a savings-based health plan for extra cover, where your unused balance Rollover every year and earns interest as well gradually increasing your account balance. Your funds are available to you anywhere in Australia and you can transact via the online platform from anywhere you like.

Join and Save your money and take better care of your health

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Address: Suite 2, 36 Macaree Street, Berserker, Rockhampton, Queensland 4701
Phone: 07 3088 6969
Email: info@xhp.com.au

Xtras Health Plan Ltd AFSL500574
Xtras Health Plan Savings Schemes 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.

Your Savings $120.00

One Payment

$87 / Year

You save $120 compared to annual fee of $207 paid monthly and have access to the platform for a year from date of subscription

Transaction Fee Applies

Your Savings $77.00

Two Payments

$65 / Half Year

You save $77 compared to $207 paid monthly and have selected 2 payments Next payments is due on date (six months from payment)

Transaction Fee Applies

Your Savings $45.00

Four Payments

$40.50 / Quarter

You save $45 compared to $207 paid monthly and have selected 4 payments Next payments is due on date (three months from payment)

Transaction Fee Applies

No Savings $0.00

Twelve Payments

$17.25 / Month

You have selected 12 payments Next payments is due on date (1 months from payment)

Transaction Fee Applies

You have selected One Payment | ($87 / One Payment)