Qantas Health Insurance - what are the thoughts of those that have it?

[bussyboy]

Differences in policies are marginal, as required by law. Interesting now i have read this

Product tiers

Four new tiers of hospital cover will begin rolling out from early 2019 and will become mandatory from 1 April 2020. All hospital insurance policies will be classified as Gold, Silver, Bronze or Basic. All hospital treatments are now listed under clinical categories to describe what is and is...

www.privatehealth.gov.au

Of course, everyone's situation is different

 

[whoopsy]

Does anyone have a referral code for Qantas Health Insurance they want to share so we can both score an extra 5000 points?

I plan on signing up for it tomorrow.

 

[Rich]

PM sent. Thanks whoopsy

 

[whoopsy]

Thanks @Rich

Legend.

 

[Pushka]

Having received notice tonight of the premium increase, which for Silver plus will be $90 a week for a couple, I'm dumping it and now looking at returning to BUPA which is now much cheaper. Anyone else?

 

[DC3]

Having received notice tonight of the premium increase, which for Silver plus will be $90 a week for a couple, I'm dumping it and now looking at returning to BUPA which is now much cheaper. Anyone else?

BUPA increase come through yet?

 

[bussyboy]

Having received notice tonight of the premium increase, which for Silver plus will be $90 a week for a couple, I'm dumping it and now looking at returning to BUPA which is now much cheaper. Anyone else?

$312.38-301.63= $10.75/m increase for me, silver plus advanced hospital single

When comparing, ensure ou check out each fund's 2024 rate whenever their increase kicks in

 

[ChrisGibbs]

In March 2023 I transferred from a company sponsored GU family health plan to QF / NIB Silver Plus Advanced Hospital. The original premium was $660 per month. This increased to $686 in October 2023 and will increase again to $711 from 1 April - about 7.5% in 12 months. Service Levels are significantly less than experienced through GU. The ability for Call Center staff to fix things appears to be limited.. Claims get paid quickly.

 

[Pushka]

$312.38-301.63= $10.75/m increase for me, silver plus advanced hospital single

When comparing, ensure ou check out each fund's 2024 rate whenever their increase kicks in

Well it's interesting. Qantas appeared as first in the Govt website, BUPA didn't even appear as top five. Even when using 2024 figures. But the premium that was stated was lower than my current. I wonder if it's a "punish loyal member' thing. I'll do a quote with new policy from Qantas. It's a lot of post tax dollars though, isn't it.

Yep. If I create a new Policy its $19 a week cheaper. Same cover. Same excess. Same ages.



So, it seems like I can't do a new policy with Qantas. Ok. Off to BUPA or anywhere else.

 

[bussyboy]

@Pushka that doesn't sound right with the regulations in the health insurance industry, i strongly suggest phoning to work out what's happening there.

@ChrisGibbs all funds must announce and get govt approval to change premiums by 1 April every year, last year's increase with Qantas was delayed but announced around when you joined.

Yep it looks bad on all the funds that delayed premium increases, having 2 in less than 12 months as a result as they move back to normal pattern.

 

[Pushka]

@Pushka that doesn't sound right with the regulations in the health insurance industry, i strongly suggest phoning to work out what's happening there.

@ChrisGibbs all funds must announce and get govt approval to change premiums by 1 April every year, last year's increase with Qantas was delayed but announced around when you joined.

Yep it looks bad on all the funds that delayed premium increases, having 2 in less than 12 months as a result as they move back to normal pattern.

But which bit sounds wrong? Anyways I’ve just organised BUPA for exactly the same cover for $1000 a year less with same excess as Qantas. The same as I posted earlier. We have been paying $84 a week. Maybe they argue the points are worth it. They aren’t.

 

[Pushka]

So I just visited BUPA. Asked for exactly the same cover without telling Agent current one. He did the maths. My pricing was correct at $72 a week. I then told him Qantas so he looked it up. He agreed that the policies were identical. I showed him the email I’d received. He couldn’t understand why ours was $92 and that a new policy which we couldn’t get for some reason was cheaper. Bye Qantas.

 

[MEL_Traveller]

I’m in corporate HCF. Interesting that the same silver plus hospital is a whopping $50 less per month compared to their regular offering (which is only slightly cheaper than that being offered by QF).

For anyone looking for insurance, worth finding out if your employer has any deals with health insurance corporate schemes.

 

[UP4014]

Not economic for me, was more than 1000 per year higher than my HCF pricing.

 

[Pushka]

Not economic for me, was more than 1000 per year higher than my HCF pricing.

Yep. That’s what I found too. New policies on the other hand can be had for that reduced price but as an existing member I wasn’t able to do that.

 

[Flyfrequently]

Another point to consider if you are in a position, is paying a year in front at old rates @Pushka

 

[Pushka]

Another point to consider if you are in a position, is paying a year in front at old rates @Pushka

Yes that's always a good thing to do but not this year. I'd still be better off changing funds even in that scenario. It's not the rise so much but the base price is in excess of other funds. I'm glad they sent the email re price hikes, it made me do some searching and to my benefit.

 

[Rich]

I would be wary of comparing what you see on line which might be the old price with your soon to be increased premium.

 

[Pushka]

I would be wary of comparing what you see on line which might be the old price with your soon to be increased premium.

On BUPA. Theres a toggle to select for April 1st. And in store the consultant said he'd use April 1 and not current.

 

[Rich]

On BUPA. Theres a toggle to select for April 1st. And in store the consultant said he'd use April 1 and not current.

I switched from Bupa to Qantas a couple of years ago.
Another reduction in coverage on orthodontics and I cracked it. So I shopped around. Qantas worked out better. Maybe it is time to do another shop around!