Blog | Tiara Consultants

Merry X’Mas to all and a very Happy New Year 2020

I am so glad that we are now in the world of blogging via our new website and will be able to liaise with people who are looking for a great health insurance package and glad that we were able to help many family save on their Overseas Student Health Cover policies along with Overseas Visitors Health Cover. This is our first blog in our new website and I am glad that it is all set up and ready to go.

Merry X’mas to all & a very Happy New Year 2020

Watch out for more blogs on topics of interest to come!!!!!!!! If you have certain topics which you find interesting, please suggest on the comment section and I’ll open a new discussion forum for it so we can have some meaningful conversations.

Health Insurance Australia: Expectation vs Reality

Life is about experiencing every good bit throughout one’s lifetime; be it a walk in the park with your loved ones or creating memories with your little one. These events can be truly celebrated when one leads a stress-free life. This is only possible when you have health insurance.

Health insurance covers a portion of health care costs and offers financial coverage for medical expenses when the policy holder is hospitalized. It typically covers preventive health services to keep you healthy and screen for potential health matters that could cause problems later on.

Many believe that health insurance is not required for everyone, especially those who are young and leading a healthy life. However, in reality, one needs to understand that even a simple fall could leave you facing a surprisingly high medical bills in Australia, no matter what your age is. One way to provide for health-related medical emergencies is by taking health insurance. It allows you to get the best medical treatment when you actually need it. If you have health insurance, the premium tends to increase with age – more the age, higher the premium. You can be covered for medical conditions that may be diagnosed over the years provided there is no break in the policy. For an individual who hasn’t saved that much money, arranging for funds at the eleventh hour can be a task. This is particularly daunting for seniors, given that most ailments strike at an advanced age. So, it is beneficial and advisable to purchase health insurance at a younger age.

One often expects that purchasing health insurance is an expensive affair. The reality is quite different though. There is an end number of health care insurance providers, who design comprehensive health care plans providing complete finance and health insurance packages tailored for your discrete needs. It gives you and your family affordable access to the health care you may need – at home or out-of-country. With health insurance in Australia, you pay an expected premium, which you can tailor to match your needs and your budget; and if something does happen, you’ll have the reassurance of knowing help is only a simple call away.

People expect that choosing the correct health insurance plan and claiming the money is a tedious task. However, there are insurance providers, having experienced and knowledgeable advisers. They guide you and present you valuable insights and advice to help you choose the best health insurance plan. These experts advise you on the various types of health insurance available in the market for you to choose from. As they understand that the meter doesn’t start from hospitalization but from the time of diagnosis and goes on even post-discharge, they stand with you throughout the journey and not just for an event. Just email them or give them a call and they’ll get everything moving. It’s that easy.

For More Information On How Tiara Consultants Will Effectively Manage Your Health Insurance needs and provide you with great deals, Please Contact Our Team On 0400 451 493; Or Write To Us At Enquiries {At} TiaraConsultants {Dot} com {Dot} au

Health insurance explained in Australian context

Medical care is required at some point of time no matter how healthy and fit a person is. In the event of any unforeseen medical emergency, health insurance covers a portion of health care costs and offers financial coverage for medical expenses. This enables you and your loved one’s affordable access to the quality health care you may require in times of need. Australia’s healthcare system comprises two elements; the public healthcare system that is controlled by the Government of Australia and is better known as Medicare and the private healthcare system.

Health insurance covers comprises of hospital cover and extras cover. While the first option gives you a better choice when it comes to hospitalization and medical requirements like visits to GP, tests etc, the latter focuses on other health services such as dental check-ups, optical, physiotherapy, chiropractic needs etc. Health insurance providers in Australia offers health coverage at an affordable rate. If you have health insurance, you are guaranteed of a more stable future, both health-wise and money-wise.

You can choose Overseas Student Health Cover, Overseas Visitors Health Cover for Working or Non-working visa or Private Health Insurance.

Is our Private Health Insurance in a broken form

There is a general consensus that Private Health Insurance is broken and should be scrapped in its current form and should be replaced by a single health insurer. What do you think about this. We would love to share your comments and ideas and get into a engaging conversation.

There is a general consensus that Private Health Insurance is broken and should be scrapped in its current form and should be replaced by a single health insurer. This is want our health economists and policy experts have to say.

It is found that private health insurance is getting unaffordable nowadays and many people drop their cover of policies, finding it as useless for their health care and they just have it to avoid the government Medicare levy surcharges.

According to the consumer health forum, private health insurance lacks in satisfying their basic customer health needs and they add unnecessary stuff, which is of no benefit to the customer. Some are of the opinion that private health should support by reducing the pressure from the government..

But having a single health insurer is the best option as it might help consumer to choose what they want as per their specific requirements. All the health insurance providers, as have now started offering, should have similar products such as gold, silver and bronze levels. It then becomes a choice amongst all these three level, which does not confuse consumers with such varied components to choose from and they can control their budgets and needs.

What do you think about this. We would love to share your comments and ideas and get into a engaging conversation.

Overseas Visitors Health Insurance: Expectations vs Reality

There are millions of people living outside their country of origin. Some travel to Australia as a visitor other travel for work and meet their relatives. While most Australian residents are eligible for Medicare, under which you can be treated in a public hospital, at no charge, the non-Australian residents, who are visiting or working in Australia needs an Overseas Visitors health insurance Cover, so that if any unexpected medical emergency occurs while they are in Australia, an Overseas Visitors health insurance Cover will give them greater control over their treatment.

One might think that getting an Overseas Visitors Health Insurance/cover is optional, however, one must note that if you are a Visa 457 or Visa 485 applicant, OVHC is compulsory.

Overseas Visitors health insurance Cover is high-priced, however, in reality, insurance providers like Bupa have designed an array of affordable and quality packages that covers your needs. An added extra cover assists an insurer to get more in the existing package thereby achieving and maintaining better health. You may purchase a single, couples, families, or single parents’ health insurance to obtain optimum health coverage that suits your pocket. Apart from this, there are exciting rewards and discounts given to the members.

It is often expected that everyone can get a rebate, however, one has to note that if you are from a nation with a Reciprocal Health Care Agreement (RHCA) with Australia, have a Reciprocal Medicare card, opted for and extra cover on your overseas visitors cover, and have purchased a basic reciprocal health cover you are entitled to receiving a rebate.

An Overseas Visitors Health Insurance not only covers for the general ailments, however, if you have a Bupa’s Member first platinum one can get a regular dental check-up and more at no cost at all.

One expects that an overseas visitors health insurance doesn’t cover for kids, but surprisingly if you are covered with Bupa’s Member First Platinum you pay nothing for kids on most dental, chiro, physio, podiatry consultations and other selected optical packages up to yearly limits.

One expects the overseas visitors health insurance to cover only the general ailments and treatments, nevertheless, one must note that these days’ overseas visitors health insurance companies also offer insurance for natural therapies.

People have an opinion that an Overseas Visitors Health Insurance will cover all medical expenses, however, one must note that there are several limitations or exclusion to it. It means that you may not avail of any benefits towards your hospital, medical, and prosthesis costs, and you may have significant out-of-pocket expenses. These limits or exclusions differ from package to package.

Selecting a right overseas visitors health insurance is considered to be overwhelming to some, however, the correct insurance provider can not only advice but guide you to purchase the best cover for you so that you may lead a stress-free life.

13 things about Overseas Visitors Health Insurance you may not have known

The world has become a global village with the advent of the technology boom and people are traveling to different parts of the world like never before. In such a scenario, Overseas Visitors insurance becomes mandatory. Overseas Visitors insurance covers all major concerns of a tourist, when it comes to covering them for the unexpected. Here are some interesting facts about Overseas Visitors insurance that you may not have known before.
. If you are on a 457 or 485 visa or any working cover applicant, OVHC could be compulsory.
. Overseas Visitors insurance can render your emergency medical coverage for unexpected sickness, injuries, or accidents that may occur during traveling.
. The Overseas Visitors insurance coverage includes a benefit of general practitioners and specialist appointments at any private hospital in Australia.
. If you crucially need unexpected medical hospitalization during traveling, an Overseas Visitor insurance can cover the costs.
. Some providers offer the insured person with a 100% coverage on ambulance transport and some only cover for urgent ambulance. It is noteworthy that some don’t have ambulance as a part of their cover at all
. In an Overseas Visitors insurance plan, you can avail Pharmacy benefits of up to $300 as a yearly limit. This benefit amount may vary according to the package one chooses.
. Bupa’s health insurance plans with optional covers claims to give you 50% back at any recognized providers for most general dental, optical , physio, chiro, and natural therapies up to the yearly limit chosen by the insurer . The exclusive platinum members are entitled to get free regular dental check-up and more.
. Under Bupa’s Visitors cover package you don’t need to pay for kid’s dental, chiro, physio and podiatry consultations.
. In case you get seriously ill while you are traveling, you can get repatriation cover, which is the coverage of the traveling cost of returning to your home country.
. Health insurance does not cover Luggage and other personal belongings that are lost during traveling. The replacement costs, flight cancellations, delays etc. are not covered with Overseas Visitors insurance and is covered by Overseas Travel Insurance companies
. A natural calamity is beyond one’s control. In such a case, the policyholder will also be taken care of, as this type of insurance covers accommodation, food, and travel costs incited by the delay due to natural calamities.
. If you need to cancel your trip unexpectedly due to unforeseen circumstances beyond your control, we can refund your flights and accommodation costs. Due to many unexpected situation trips often get canceled. The flight cost and accommodation cost can be covered if you have Overseas Visitors health insurance.
. Loss of travel documents such as a passport is a common problem faced by many travellers. Coverage of the replacement cost of these types of papers can be done by Overseas Travel insurance and NOT Overseas Health Insurance and only OVHC works with health related issues only.
. In case of any of the above emergency, the Overseas Visitors insurance providers/insurers are ready to assist you 24/7.

Is Overseas Visitors Insurance crucial to travel around the world?

As the world is becoming smaller due to progress in technology, with communication and knowledge; things are becoming simpler to access. People make international travel trips as a way to relieve themselves of the pressures of life due to various reasons. Some travel for work, while others travel to explore a new place or meet their loved ones. What happens if you become unwell or need to be hospitalized while you are traveling abroad? This is where Overseas Visitors’ insurance appears in the picture. With international travel trips rising these days, it is extremely important to buy an Overseas Visitors’ health insurance.

Healthcare is becoming notably expensive all over the world, therefore, it becomes especially essential while we travel. Overseas visitors’ health insurance primarily provides emergency medical coverage for unforeseen sickness injuries or accidents that may occur during traveling. This Overseas Visitor’s insurance can give you an array of advantages that are otherwise denied to most travelers. This includes access to quality health care services and professionals, overseas hospital coverage. Unlike coverage of the replacement cost of lost luggage/s, travel documents like passport, visas, and personal belongings, which are generally part of the Travel insurance package, Health insurance works only for issues related to your health and guarantees complete peace of mind for the person traveling once they have issues with anything related to their health. For students travelling to Australia, they should have the appropriate Overseas Student Health Cover.

If you are planning to work in Australia, getting a relevant level of health insurance may be a condition for your visa so that in case you fall sick or have an uneventful accident while you are in Australia, this plan will help pay your medical expenses. If you’re touring Australia as a traveler, an overseas visitors’ insurance allows you to have more delightful things to think about than how you’re going to pay for the expense of healthcare if you get sick or have an accident. The overseas visitors’ insurance acts like traditional patterns, the only variation being that it is mobile while others are location-based. In other words, you can travel without any worries knowing that your health will be taken care of even if you are not in your home country and might not get a shock to find yourself stuck with bills.

Apart from meeting the visa requirement, repatriation coverage, and out-patient medical services coverage, you also get 100% emergency ambulance cover under this type of insurance. The Government of Australia has an agreement called Reciprocal Health Care Agreements (RHCA) with countries like Belgium, Italy, Netherlands, Norway, Slovenia, Finland, Malta, New Zealand, Republic of Ireland, U.K., and Sweden This gives access to Medicare to visitors from these country countries, which means that an individual from these countries will have access to certain Medicare benefits while they visit Australia. However, there are several things that are not covered under this scheme, such as the ambulance services. If you belong to a country that is not listed in the above mentioned country’s name you will be charged for the doctors, ambulance and hospitalization. Thus, it becomes even more important that you have adequate health insurance.

Bupa’s working overseas visitor covers meets the Department of Home Affairs (DHA) health insurance requirements. If you have a Working visa like 457, 482, 485 Bupa’s Essential Visitors Cover will grant you pharmacy benefits of up to $300. You can also get a medium level of hospital and medical cover under this scheme. An added extra cover increases the benefits you get on each cover and this is optional and can be added along with the cover.

If you are coming to Australia for holidays, to visit/see family and friends, or to attend a short business trip you will need to apply for an appropriate Australia Travel Visa – for example visiting visas like 600, 601 (depending upon the country of your origin).

Bupa’s standard visitors cover will also include annual pharmacy benefits of $300 , along with a medium level of hospital and medical cover. An added extra cover will increase the benefits onto one’s cover. (For example free dental check-ups for a platinum member and get 50% back at any authorized provider for most dental, optical, physio, chiro and natural therapies up to the yearly limit if you choose the Standard 50 or Essential 50 cover).

With such amazing benefits, Overseas Visitor’s health insurance is definitely going to stay and be crucial during your trips around the world and specially to Australia.

The next big thing in global payment platform

With an increase in the purchasing capability amongst Millenials and Gen Z, a lot of importance is given on the mode of payment technologies. A business must notice and upgrade this development of payment technologies. FinTech has enhanced the financial activities and has made the life of the consumer simple. Advancement in Financial technology or FinTech has led to the digital revolution, and with that, the consumer’s expectation has changed drastically, especially when it comes to the mode of payment. The global payment platform has become part and parcel of our daily activity. These platforms are prepared to streamline the business transaction and enable consumers to make quick, safe, and convenient purchases from the tip of their mobile phone or tablet. These secured and streamlined payment services are available for both merchants and individuals to facilitate their online purchases. Some of these platforms like BlueSnap can help to expand your eCommerce business by supporting 110 payment types, in 100 currencies and 29 different languages. These swift modes of payments have transmuted the expectations of the consumers and thoroughly changed the way we like to pay. They are spoilt for choice as to when, where, and how they want to do the payment. These mediums are not only easy to use but secured as well as security is never compromised. In the forthcoming “PIN on Mobile” technology, the personal mobile phones will be metamorphosed into payment terminals – all you’ll have to do is type in your PIN code or just hold your card to a seller’s mobile to process a transaction. With the increasing use of digital cash, cryptocurrencies, blockchain like Bitcoin and Gemini and various mobile payment apps, the evolution of the global payment platform has been steadily trending and shows no signs of a downtrend.

Very soon biometric will be the next big thing in the global payment platform. From the use of voice recognition, facial recognition, fingerprints, and iris scan, this advanced and sophisticated technology will be all set to rule the global payment platform forthwith. KFC’s smile-to-pay technology and London’s Costcutter store’s fingerprint payment system are just a few examples of the card-less era that is to come. With an increasing demand for frictionless checkouts, along with excellent security from the consumers, these payment solutions assure to gives the customers complete peace of mind that their payment is secure and their details are protected. Biometrics is all set to grab the limelight in the global payment platform in years to come.

Category: Blog