Health equity health insurance is a way to compare health insurance providers based on cost, coverage and benefits.
Here are some things you need know about it.
Key points: Health equity is the most popular health insurance for Australians aged under 55, but not for those over 55 and those living in regional or remote areas.
Health equity has many benefits for Australians, such as lower rates of illness and disability and lower costs of care.
Health Equity can be purchased through a Health Equity Fund (HIF) and can be used to cover hospital costs, medical bills and prescriptions.
But it is also available to people with limited access to financial resources, such a people living in remote or regional areas.
HIFs are typically owned by a company that is based in Australia.
Hifs are owned by the same company that operates a health insurance company.
The HIF must also have a sufficient number of enrolments and enrolments have to be above a certain threshold.
In 2017, the Australian Government introduced the Health Equity Health Insurance (HHEI) scheme to expand health equity in Australia, with a focus on rural and regional areas and the disadvantaged.
Key takeaways: Health Equity is the only health insurance that is offered through a HIF and is available to all Australians.
It provides coverage for medical costs, hospital costs and prescription charges.
The costs of health equity include the following: hospitalisation costs and hospitalisation payments for patients under 65