Mia and Dinah talk about principles for efficient comparison shopping and fast decision making, before getting into the process and tools specific to reviewing private health insurance.
To avoid spending days researching better deals and ending up with analysis paralysis, there are several principles to embrace when comparing products or services:
In respect to health insurance, Mia and Dinah give an overview of what Medicare covers versus insurance, explain industry jargon and outline and things to consider when comparing different types of cover, such as:
They each talk about their own process for comparing private health insurance and Mia’s satisfaction when she dedicated an hour and a half to the task to save $100/month with higher annual benefits on the services that are important to her.
How to compare private health insurance:
Members Own Health Funds – comparison site with cover from 16 Australian not-for-profit and mutual health funds
PHI Extras Calculator – a Google Drive spreadsheet, built by Life Admin Life Hacks, which helps you compare extras cover
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