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Health Insurance For Seniors


You’re over 65, your children have left home and you’re either retired or thinking about retirement very soon. This is the time to get out and enjoy life but it’s hard to relax if you’re worried about future medical bills.

While most seniors know that health insurance is essential, the policy that saw you through building a career, or starting and raising a family is no longer going to be right for you once you’re over 65, retired and your children have moved out.

If you haven’t already, this is the time to switch to a more specialised policy with cover that’s tailored to suit your current and future needs.

With a senior health insurance policy you can be confident you’re not paying for cover you don’t need, while at the same time enjoying the reassurance that comes with knowing you will be able to meet the cost of any future medical treatment.

Even if you already have seniors health insurance, how long has it been since you reviewed your premiums and level of cover? With new policies coming on the market all the time there could be a better deal out there!

Is it time to talk about your health insurance? We can compare senior health insurance policies and find the best one for you. Call us today to chat to one of our experienced advisors.

Why do you need seniors’ health insurance?

As we get older we’re all prone to certain health issues. Regular exercise and maintaining a healthy lifestyle can help ward off many health problems, although there are no guarantees. The older you are the more likely it is that you will need medical treatment, medication or surgery at some point in time.

When health problems do strike, you want to be confident you’ll have affordable access to the best possible medical care, as quickly as possible.

Seniors health insurance is designed specifically for those over 65 and covers the most common medical issues experienced by Australians as they age.


Average health expenditure per quarter by chronic condition


Source: National Seniors Productive Ageing Centre 2012


What does seniors’ health insurance cover?

As we age we all experience medical issues from time to time, ranging from minor to more serious issues. Some of the most common health problems facing seniors include cardiovascular disease, arthritis, joint problems and osteoporosis.

Treatment can be expensive and if these issues aren’t covered by your private health insurance you could be severely out of pocket in the event that you need future surgery, medication or other treatment.

The best health insurance for seniors is designed to cover the most common medical conditions and other health problems that affect seniors, many of which aren’t covered under a standard singles, family or couples policy.

If you remain on a standard, non-specialised health insurance policy you may end up paying for cover you don’t need, like obstetrics.

Most senior health insurance policies provide at least some level of cover for the following:

  • Ambulance costs
  • In patient X-rays
  • In patient pathology
  • Eye surgery (non-cosmetic)
  • Intensive care costs
  • In patient pharmaceutical medication
  • Cardio thoracic treatment
  • Organ transplant
  • Joint replacement
  • Palliative care

Like any other policy you can also add extras cover to your seniors policy to cover you for dental treatment, physiotherapy and any other treatment you think you might need now or in the future.

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When is the best time to review my health insurance policy?

Now is the perfect time to review your medical insurance, as there may be waiting periods before you can claim for some treatments and procedures if you decide to increase your level of cover. However, if you’re switching funds, you won’t need to re-serve waiting periods when you transfer to a cover with equivalent benefits… even if you have a pre-existing condition.

You may be surprised how much you can save on your health insurance by choosing a specific seniors policy, and with the right cover you won’t have to waste money by paying for some services you don’t need.

Even if you currently have a seniors’ policy, if you’ve been on the same policy for a few years it’s always worth reviewing it. Situations can change, and medical issues can crop up without warning – the policy you took out five years ago may not provide the cover you need right now.

Will I get a rebate on my seniors’ health insurance?

Tax rebates are available to anyone who has private health insurance, provided their income falls below the threshold. Once you’re over 65 the rebate increases, allowing the Government to pay more towards your health insurance – while you pay less.

As well as your income, your tax rebate is affected by your age. This applies most specifically towards seniors with a lower income. Higher income earners are exempt from the rebates no matter what their age.

Having access to higher rebates mean that you may be able to afford a higher level of health insurance coverage than before.

As you get older, your medical expenses are likely to increase. Having an increased level of health insurance cover can help ease the burden so you can enjoy your senior years without having to worry about the impact of expensive medical costs or long waiting lists for treatment.

How can I get the best deal on my seniors’ health insurance?

Because we’re all different there is no one seniors policy that will suit everyone.

To make sure you have the best policy for your specific health needs, budget and individual situation it’s essential to shop around and compare different policies.

Unfortunately, comparing health insurance policies yourself can be confusing. There are so many different options out there and it can be stressful and time consuming to search through them all to find the one that will suit you best.

This is where Choosewell can help. With one phone call we can find the best health insurance policy for you. It’s simple, straightforward and there’s no need to deal with complicated jargon.

Give us a call today and let us find the best seniors health insurance policy for you!

  • Health insurance for singles
  • Health insurance for families
  • Health insurance for pregnancy
  • Health insurance for seniors
  • Health insurance for critical illness
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