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Private health insurance. Is it worth it?

Is private health insurance worth it? We’ve been around for 130+ years so we get lots of people wanting the downlow on the real value of private health insurance.

Like everything we do, we make it simple. Here’s a few of the top reasons why private health cover can really pay off.


No one’s got a crystal ball. Just like every type of insurance, Hospital cover gives you protection when tough things happen. There’s security and peace of mind knowing you’re in the driver’s seat when it comes to safeguarding your future and your most important asset – your health.


Waiting lists are a real drag. We’ve got a great public hospital system, but there’s no denying that private Hospital cover helps you on your way to faster treatment.


When you’ve got private Hospital cover, you’re in control. You’re empowered to choose your treating doctor, surgeon and contracted hospital.

Live your best life

Extras cover is a bit different. It gives you the tools to make the most of your health with benefits towards those regular check ups (dental and optical) as well as a helping hand when it comes to things like physio, chiro, remedial message, speech pathology (and the list goes on). Our Stay Well blog provides more info on how you can make your Extras cover work for you.

Your finances

There are some incentives and rebates that may sway your decision to take our private cover. The Medicare Levy Surcharge (MLS), Lifetime Health Cover loading (LHC) and the Australian Government Rebate on private health insurance are the main ones. (Find some more handy info on our website and Stay Well blog.)

Do I need private health insurance?

There are a few things to think about when considering or choosing the best private health cover for you.
Here’s a look at the main ones.

What you can afford

When you’re first starting out, or if your circumstances have changed, a low-cost, lower-level cover may suit you (even if just for a short time). But, it’s worth doing your research because cheaper doesn’t always mean best. 

Your health

Think about your ongoing health needs (as well as the peace of mind Hospital cover provides) when deciding on the cover that’s right for you. If you’re in the habit of having regular dental and optical check-ups, or you often use physio or chiro, it makes sense to maintain your good habits with a quality Extras cover.

Your future

Your general health and wellbeing is important. Being in tip top shape makes you a better partner, parent, employee, or employer. And Extras cover helps you live your best life by empowering you to be proactive about regular health treatments and services.   

A single, a couple, a family

Often your decision to get cover, or your level of cover will be influenced by your personal situation, your needs and your health goals. Yu can read more about how your health cover needs to change with your life stage on our Stay Well blog.

I’m young. Is private health insurance worth it for me?

Many of us are lucky to have our parents encourage our private health insurance journey by keeping us covered until we reach adulthood. While that’s not the case for everyone, there are lots of good reasons to look into your options once you become financially independent.

There’s a lot to juggle when you’re first starting out, so it’s important to have a think about what you need and want from your health cover.

There’s lots more info about health cover for young adults on our Stay Well blog.

If you’re thinking about private health insurance, it pays to get expert advice and support. We can certainly help you select the RT Health cover that suits you best. But it always pays to do your research, and the Australian Government Department of Health and Aged Care offer an impartial, free resource. You can find it here.

We’re with you every step of the way

Our expert team understands everything you need to consider before choosing who to trust with your private health insurance. Our consultants will spend as much time as you need to help you to understand what the best cover is for you.

With just a few simple questions, we can get a picture of the type of cover you need.

Give us a call on 1800 886 123 or reach out via email to join@rthealthfund.com.au


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