Extras cover is a component of health insurance that covers you for out-of-hospital medical care. Also called ancillary cover or general treatment, it covers services Medicare doesn’t, like dental treatment, optometry, physiotherapy, and more.
It is so greatly desired, that a recent IPSOS (experts in market research) survey found that a greater number of Australians have this type of insurance over private hospital cover. Taking out an extras policy is a great way to save on healthcare expenses that take a significant toll on your hip pocket each year.
Perhaps you don’t want to pay for dental checkups yourself, or maybe you’re a runner who needs regular physiotherapy appointments. Most Aussies will find at least one feature in an extras policy that they would jump at the chance to utilise.
Is extras cover worth it?
Extras cover is great for people who only need specific services. Not only can you tailor your extras cover to your medical needs and budget, it can also be a much cheaper alternative to taking out full health insurance.
You may want to consider extras cover if you are only chasing services such as ambulance cover (depending on the state you reside) or no-gap dental checkups. Weekly prices of extras cover can vary between a cup of your favourite coffee and a regular gym membership – it’s entirely up to you what you choose.
Popular extras cover
Like any financial or insurance product, each policy comes with different features and limits. Let’s walk you through the basics.
Top level cover will give you lots of extras to choose from, while basic cover may limit you to just a few. Here are some highly sought after extras: