But where do I start? We hear you say. Save yourself the headache, we’ve put together your bible to insurance in 2018.
There comes a time in millennials life when you finally have to break free from the family health insurance policy and take out your own.
If your 25th birthday is fast approaching, then it’s time to think about taking out your own singles policy because once you hit this golden age, you’re no longer considered a dependant of your parents by insurers.
Keep in mind though that with some policies, you can be kicked off the family policy before 25 depending on whether you’re a student, working full-time and your marital status.
Top four tips when looking for Health Insurance:
- Choose extras that suit your lifestyle such as physio if you’re into sport
- Make sure you aren’t paying for things you are unlikely to need, such as cardiac surgery or joint replacements
- Avoid taking out the cheapest policy as often you can end up costing you more should need to claim
- Take out your cover before you turn 31, if you wait you’ll have to pay more due to Lifetime Health Cover Loading.
A great place to start is to compare a few funds side-by-side to give you an idea of what your options are. The iSelect health insurance comparison tool makes this job easy.
Whether you’re taking a gap year or off on a girl’s trip– if you’re planning a year of adventure in 2018 then make sure travel insurance is at the top of your holiday to-do list.
Travel insurance provides cover for a variety of travel related mishaps such as medical emergency, lost or stolen luggage, and flight delays and cancellations.