The only thing we do at XHP is extras health cover.
So let's talk about the elephant in the room.
Extras Health Insurance
Are you using all of your extras cover every year ? The majority do not use their extras due to additional "GAP" payments over and above the premium Add to that annual premium hikes every year above the CPI. With no increase in the rebates being paid out.
Over the past five years from June 2016 to June 2020, the average gap expense for hospital treatment decreased by 3.9%, and increase by 7.4% for extras treatments
This is a screenshot of the financial dashboard of a XHP member.
Available Now: $12625 for any extras or health needs before there is a GAP Rollover Balance: $15039 the amount that was saved and carried over to next financial year
XHP is a managed investment scheme operating under a license from ASIC, where the scheme is operated to provide a dedicated health savings account for members so that their funds are managed with the lowest risk possible. So the funds are held by a custodian and invested only is wholesale interest offering.
In the 32 months with XHP, we as a family have more to show than the 15 years with extras health insurance. I had two crows costing $3200 done with $0 in gap with XHP.
Enjoying comforts in retirement means making every dollar count. With XHP all our unused funds accumulate. I have been able to use my funds to pay hospital gap payments
Working and Saving
Saving is not exactly my strong suit, especially when living in magical Queensland. We love the outdoors and it suddenly adds up. Being with XHP for me means that the money is accumulating for my families needs.
Suite 2, 36 Macaree Street Berserker, Rockhampton Queensland 4701
Xtras Health Savings Scheme is not a health insurance policy. It is a managed investment scheme that offers a dedicated health savings account for funds that you may need for your extras cover. Funds in the scheme are not eligible for any tax concessions. It only applies to hospital cover. Funds in the scheme can supplement your private health insurance. You must consider your personal circumstances for your extra’s health needs. There is a risk that there may be insufficient funds in your account to meet the cost of your extra’s health needs