What is a Product Disclosure Statement (PDS) and why it matters
A PDS is one of the most important documents you'll receive when taking out insurance. Here's how to read one and what to look for.
Private health insurance in Australia comes in two main parts: hospital cover and extras (ancillary) cover. Many members combine both.
Hospital cover tiers
Hospital cover is grouped into Basic, Bronze, Silver and Gold tiers, each covering a defined set of clinical categories. Higher tiers cover more procedures.
Extras cover
Extras cover helps with services like dental, optical and physiotherapy, usually up to annual limits. Choose extras that match the services you actually use.
Waiting periods and the rebate
New cover has waiting periods before you can claim, and the Australian Government private health insurance rebate may reduce your premium depending on income.
Compare each fund's cover guide in our document library before switching.