Overview of Private Health Insurance in NSW

Several healthcare insurance providers are actively present in the Australian state of New South Wales (NSW). Most of them offer diverse sorts of health insurance policies. Besides the universal public health insurance called Medicare, residents of NSW also enjoy the services of privately funded health insurance projects. Private health care in NSW is mostly chosen by people of upper income group.

The Growth of Private Health Insurance in NSW
According to a study done by Private Health Insurance Administration Council (PHIAC) in Australia, private health insurance coverage in NSW form March 1999 to March 2009 showed a consistent rise. Private insurance coverage for hospital treatment rose from 30% in 1999 to 48% in 2001 and the level was maintained till 2009 except for some slight dips throughout the years. Private insurance cover for general treatment in NSW was 34% in 1999 and rose to 42% in 2001. The rate jumped further to about 55% in 2009. The main reason for the increase of private health care in NSW from 1999 can be attributed to the 30% rebate on private insurance premiums offered by the government in the same year. In addition to it, higher rebate rates are applicable to older citizens.

Benefits of choosing Private Health Insurance in NSW
Private health insurance services are provided in NSW by organizations that are listed under the Private Health Insurance Act 2007. Private health insurance provides more health care options and covers more items than Medicare. Medicare covers mostly primary care, whereas private health insurance covers most of the subsidiary items also. Private health insurance is beneficial in getting protection against expenses incurred as a private patient in a private or public hospital. Private health insurance also covers those medical costs that are not covered by under Medicare. For instance; expenses incurred on using ambulances, expenditure on natural therapies and private dental care costs.

Under private health insurance cover you will also enjoy the liberty of choosing your doctor and hospital. In the case of planned surgeries, private health insurance is a better option in NSW since adequate care in the timeline can be obtained. This may not be possible in the case of Medicare.

Lately, Australian government has announced some concessions on private health cover making it reachable to most of the people in NSW.

Investing in private health insurance is a great option through which you can obtain the best possible care and can take control of your health in an immense way.

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