Whiteboard Wednesdays: How health insurance works, and who needs it.

Welcome to Whiteboard Wednesdays! This is where we look at some of the trickier questions you might have when it comes to money - and draw out the answers.

Do I really need health insurance? It's the question most Australians ask at some point. Finder's Personal finance specialist Taylor Blackburn goes through the ins and outs of Australia's private and public health care systems and how you can choose what is best for you.

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Disclaimer: This is general advice only. Consider your own circumstances, or get advice before you make any decision about the topics discussed.

[amelialaughlan]

wow I just learnt more about health insurance in 5 misn than any provider has been able to explain in my entire adult life.

[jamesgrant]

Great video, super educational.
Wow, health insurance feels like a confusing entangled trap.

[Hailey-besb]

Thank you so much for this helpful video, Finder!

One question - I was just submitting the application form for my new private health insurance that my company provides, and there was a question ‘Are you covered by this policy? - Yes or No (if No, employees cannot claim the Australian Government Rebate on Private Health insurance on policies paid on behalf of employees)

What does this question mean and what are the caveats of choosing yes or no? Thanks!

[rosaalcala]

I recomend to have hospital cover when you reach 40, because is when any illness start to appear.

[insurancebrokersaustralia]

Nice Information. Appreciated your Hard Work.

[CallmeAgua]

We got $311/month private cover for hospital and extras for family of 4.. super worth it as we always visit the dentist 2x a yr and get new specs every year. 😊😊

[Marto]

200 a month! Geez just got a quote for family cover with a corporate discount and a government discount and the quote was 900 a month 😂😅

[rosaalcala]

Extra, rip off. After fifty years old, only hospital, to cover at least knee and hip replacement, orthopedic surgeries, because these are the longer list in public hospitals. This is my experience in WA. In public hospital if you are retired or disability you are the last on the list. I broke my leg where my knee replacement was, I wait 3 days fasting in pub hospital, no surgery until i move to private hosp and they make my surgery same day.

[staymungo]

I can take this seriously with the silly sound effects, is this supposed to be funny? The video is otherwise informative