When it comes to spending your hard earned money, buying a health insurance policy probably wasn’t top of your ‘fun things to shop for’ list, right?
Whether you needed it just to save tax, or for total peace of mind where the health of you and your loved ones is concerned, the value of health cover is often only appreciated when it comes to making a claim – and claim you did!
If you’ve ever wondered how many claims we process each year, here’s some vital stats for the 2014-15 financial year.
- Total rebates paid: Over $95 million dollars
- Total claims processed: Almost 810,000 (Hospital, Medical & Extras combined)
- Top five Extras services most commonly claimed by HIF members:
Dental
Optical
Physiotherapy
Chiropractic
Complementary Therapies
Remember: If your policy includes Extras Cover, most of your annual limits will reset back to the full amount (and even increase in some cases) every year on January 1, so be sure to put your current benefits to good use before the end of this year! Why not treat yourself to some new glasses, enjoy a remedial massage or give acupuncture a go.
Ever wonder how expensive hospital treatment can be?
Here are some recent examples of hospital episodes experiences by HIF customers:
| Member | Age | Type of Claim | Total Benefit Paid
(in-hospital treatment) |
|---|
| A | 75-80 | Acute asthma resulting in respiratory failure requiring intensive care | $140,168.20 |
| B | 65-70 | Gynaecological procedure with post operative complications | $129,280.84 |
| C | 45-50 | Fitting of artificial limb with complications | $ 92,972.70 |
| D | 25-30 | Spinal surgery with complications | $ 84,453.40 |
| E | 0-1 | Premature baby requiring high dependency care | $ 71,046.00 |
Did you know?
According to a report by the Australian Institute of Health and Welfare in 2013-14, Australia’s public hospitals admitted almost 700,000 patients from elective surgery waiting lists.
Of those:
- 90% of all patients were seen within 262 days
- 10% had to wait much longer
- 3% of those patients waited over a year!
Yet another great reason to protect your health with HIF Hospital Cover.