Private Health Insurance

At ASCOT Partners we are committed to providing valuable services to our clients. That's why we have teamed up with Latrobe Health Services, one of the countries leading health insurance providers, to help you and your family.

The ASCOT Partners Health Plan offers :

• Flexible, affordable health cover products
• with access to quality health cover that may save you hundreds of dollars every year, and
• a plan that is easy to understand and can be tailored to suit you or your families needs.

Latrobe is a member friendly health fund that makes private health insurance seem simple. They'll help you choose the right level of cover for you and your family.

Call Latrobe's Telephone Service Centre

1300 362 155

Ask about the ASCOT Partners Health Plan!

Why Private Health Insurance

	I. The Federal Government 30% Rebate Scheme
		The 30% Rebate is available to everyone who is eligible for a Medicare card or is listed on another person's Medicare card. The 30% Rebate is not means tested. It applies to private hospital cover and also to extras (ancillary) cover. From 1 April 2005, the Federal Government Rebate is extended to * 35% for those aged 65 to 69 * 40% for those aged 70 or over.
	II. Lifetime Health Cover
		Lifetime Health Cover is a federal government initiative designed to encourage people to take out private hospital cover at a younger age and maintain it throughout their lifetime. You have until June 30 after your 31st birthday to take out private hospital cover, otherwise you may be required to pay a loading on top of the base cover rate. The loading is 2% for each year you delay joining, to a maximum of 70%.
	III. 1% Medicare Surcharge Levy
		This initiative was introduced in order to encourage higher income earners to take private hospital cover and free up the public hospital system for critical emergencies and people on lower incomes.   A 1% Medicare Surcharge levy applies to singles earning over $50,000 a year, or couples or families with a combined income over $100,000 a year.  The income threshold increases by $1500 for the second and each subsequent child.   Income includes salary and wages, plus the value of leviable fringe benefits.   If you earn more than these amounts you are exempted from paying the levy immediately after you take out private hospital cover.  The cover you take may not have an excess higher than $500 for singles and $1000 for families. Extras cover only does not exempt you.