Don’t let the fear of switching health funds stop you from getting the right cover

The benefits of switching health funds

The main reason for most people considering switching health funds is to save money, but while that’s a great benefit it’s not the only one.

  • Your healthcare needs change. Throughout life our health needs and risks change, and so do our family circumstances. Perhaps you’re now considering having kids, or want to change your policy now your kids have left the nest. Maybe you want to consolidate your health care with your partners, or take out a more extensive extras package due to changes with your health.
  • The health insurance market changes. The insurance market has expanded significantly in recent years, providing consumers with greater choice of who looks after their health care needs. By switching to another health fund you could be saving plenty in premiums, or at the very least take advantage of benefits that suit your current lifestyle.
  • When you switch, waiting periods are usually waived. The thought of having to endure further waiting periods may have put you of switching health funds in the past. However, any waiting periods you’ve already completed are waived for comparable features when you make the switch. If you haven’t completed your waiting period entirely, you’ll only need to complete the remaining time before claiming. For example, if you’ve waited 9 months for speciality dental, you’ll only need to wait three more months with your new provider. If you’re upgrading your cover entirely to include say, obstetrics, you’ll need to need to wait the full waiting period before receiving these benefits.
  • Your Government rebates stay the same. If you’re claiming Government rebates to reduce the premiums of your current health insurance policy, this will still apply on the new policy you take out. The rebate will remain the same provided you’re still the same age and your income hasn’t changed. Click here to find out the information needed to understand health insurance rebates.
  • Your Lifetime Health Cover loading is unaffected. If you’ve decided to switch health insurers and continue to hold hospital cover with your new health fund, your Lifetime Health Cover loading won’t be affected. Lifetime Health Cover loading ends after 10 continuous years, meaning you don’t have to pay it anymore, so this is good news and a really important one if you’re currently paying it.
  • Any premiums you’ve already paid will be refunded. When you decide to switch health funds, any contributions you’ve paid in advance to your old fund should be paid back to you. Depending on the insurer, there may be a small fee to do so.

The easiest way to start the switching process is to compare your other options

Compare Health Insurance Online offer an easy way for you to compare your options before you decide to make the switch. This can be done online, or on the phone with the help of one of our team members.

Our service is totally free to you, so you can rest assured you’re being offered the same prices as you would if you went to the provider directly. The only difference is, we do all the work for you!

The switching process

Once you’ve decided on a policy from one of the Compare Health Insurance Online funds that matches your health needs and lifestyle, all you need to do is let us know. We’ll organise the paperwork and when you’ve submitted your application, we’ll make the rest happen. This includes cancelling your cover with your old provider, so you don’t have to.

We’ll also ensure your new cover starts when the old health insurance is cancelled, so there is no overlap. All you need to do is sit back, and enjoy the savings and new benefits.

How our service works

Enter a few details
1. Enter a few details

We’ll ask you some questions to better understand your needs and find cover that’s right for you.

Get An Expert Policy Comparison
2. Get An Expert Policy Comparison

Review your policy options and get a personalised quote with a health insurance expert.

Apply Online from your Quote or over the phone
3. Apply Online from your Quote or over the phone

When you’ve found the policy that’s right for you, apply online or give us a call and we’ll set up everything for you.

How we rate 5/5
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Very helpful

The person I spoke to was very helpful and not at all pushy. We ended up saving $1400 per year on family hospital cover.

Sarah HC
How we rate 5/5
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Great service & saved some money

I came across this service from a Facebook post and thought I had nothing to lose. And indeed I had everything to gain! Liz was most helpful - she did the hard yards in comparing my current cover with other funds in the market, and I ended up changing from our current provider with whom we'd been for over 30 years to another fund, providing high level benefits for a lower monthly premium. It was a seamless process with Liz making all the arrangements.

Margaret Blade
How we rate 5/5
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Fantastic customer service

Precise and very informative. Approach was very polite and friendly with a low key, non pushy style mixed with good humor, definitely very user friendly with sincere approach to needs of consumer and finally with an added bonus of excellent product knowledge. Thanks Tia.

How we rate 5/5
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I have only just joined

I have only just joined, but the advice and help I was given in finding the right policy for me was exceptional.

John McKay
5/5 heart rate
Tia’s service was great

She listened to everything I needed and I was able to save over $1,000 for the year on my health insurance. Thank you so much Tia :) Sarah, Greater Melbourne

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