Have You Got the Right Health Insurance? 3 Possible Signs to Tell
Published February 7, 2026
There are quite literally, thousands of health insurance policies available in Australia alone. So,if you feel like your health cover is just a little off the mark, you have tonnes of options open to you. Staying on a policy that isn’t right for you means you’re throwing money down the drain and potentially leaving yourself without sufficient cover when the time comes to claim for health treatments. So, how do you know if you have the right health insurance? At Utility Market, we are the experts in health insurance.
Let’s catch a glimpse at the 3 possible signs which will help you find the right health insurance for you and your family.
You are covered for what you need
To get the required health insurance policy that suits your needs, it is important that you are aware of the healthcare facilities that you may require presently or in the future. The right health insurance policy for your needs is the one that covers all the required healthcare facilities that you may require, without any additional facilities that are not needed. Besides this, you must also know what healthcare facilities you or your family may require in the upcoming decade. In case you are already at a higher risk of developing certain health conditions, it is important that they are covered by the health plan that you choose, such as blood glucose monitors for those suffering from diabetic conditions. There is a wait before the policy is activated.
How to find the right Hospital Cover policy
The correct Hospital Cover policy for you is one which covers the hospital treatments you want to be covered. There are 4 levels of Hospital Cover policies:
- Basic - this entails limited cover for 3 out of 38 clinical categories, implying that you’re only covered up to a certain level
- Bronze – covers 21 out of 38 clinical categories, 3 of which are restricted cover
- Silver – covers 29 of 38 clinical categories
- Gold (the most expensive) – encompasses all 38 clinical categories
You’re getting back more than you paid
But this would be applicable for Extras cover because this is the kind of cover where you need to spend less than what you claim in order to really get the benefits out of it. This is because Hospital cover is the kind of policy where you are spending on peace of mind and therefore might not get to claim anything. Look at the amount of benefits that you claimed the past year for in Extras and compare it to the amount that you are spending on your premium. You must ensure that the amount that you spend on your premium is less than the amount that you claimed in order to ensure that you get the most out of your policy by looking for a better policy.
The price fits your budget
Nobody likes paying out any more than they have to, and the same can be said for health insurance. This is especially true because health insurance prices do not stay the same and always increase, specifically on the 1st of April. This means you are likely paying more for your health insurance than you used to, and what you really want to know is whether you are getting the best policy for your money, and the answer is always yes. This is because, regardless of whether you think what you are paying for your health insurance is a good price, you can always check to see whether you can get an even better deal. It searches every policy available for free, providing you with all the price options available, and you don’t have to enter your name, phone number, and email address.
How to switch?
If you are not satisfied with the right health insurance policy, it is impoortant to find a better option. This is the easiest way to search every policy in Australia, so that you are able to get a policy that suits your needs and budget.
At Utility Market, we help Australians compare and choose the right health insurance Australia has to offer, based on real needs and budgets. Follow Utility Market on LinkedIn to stay updated with expert insights, policy comparisons, and smart tips to get better value from your health insurance decisions.
