Private Health Insurance - How To Select The Right One
By Sandy Naidu | February 15, 2008
Lately we have all been seeing a lot of advertisements in the media for iSelect. I was quite impressed with the service when I first heard about it.
Picking the right private health insurance is never easy. There are a lot of options in the market. The service offered by iSelect seemed to fill a nice gap in the market. Click here to find out how the medicare rebate scheme works…
What Is iSelect?
iSelect is a free service that helps you select the right health insurance - based on your needs, requirements and budget. The service compares the health packages offered by participating funds and presents you with the best options. The participating funds at the time of writing are - AHM, HCF, LaTrobe, Manchaster Unity, NIB and rthealth. One thing which struck me straightaway was the absence of major funds MBF and Medibank Private. But I have a feeling that with the popularity of iSelect rising, these funds might also join the service in the near future.
How much does the service cost?
Zero. It is totally free. iSelect gets paid by the member funds.
How Does iSelect select the right funds for you?
On their web site you will be asked a few questions about yourself and the needs you have for your health cover. Based on your answers, iSelect picks the right policies for you. To view your results, you either have to login if you are an existing user or register. Once this is done iSelect shows you around three or more policies which meet your criteria. Among the final selection it rates each of your health cover requirement with stars…For example lets assume your requirements were just dental and optical. Now assume iSelect picked three policies to meet this criteria. It then rates dental and optical for each of these three policies. So you see, it is helping you every step of the way - though the final decision is left up to you.
The website is very friendly and easy to navigate. I had no hiccups at all…Everything was quite straightforward.
Why iSelect?
The mistake a lot of people make with private health insurance is - ‘they pick the wrong policy’. And in the process they pay for things they don’t need and end up wasting a lot of money. They pick the wrong policy because there is too much jargon and too much information about each policy and this can all be confusing to many. iSelect makes the whole selection process simple. The questions are straightforward. So with its help you pick the right policy and in the process save money.
Give iSelect a go if you are in the market for a health fund.
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