Financial Service Providers and their Clients
As an Accountant or Financial Planner, you will have experienced first hand a clients reaction having learned that their hard won salary increase has brought with it an additional (and unexpected) tax liability - the Medicare Levy Surcharge (MLS).
As you know, the MLS is an additional levy of 1% of taxable income payable by people without eligible health insurance who earn more than $50,000 pa (Single - including Reportable Fringe Benefits) or- $100,000 pa (Family/Couple - combined income, including Reportable Fringe Benefits). The family threshold increases by $1500 per child after the first.
Fortunately, the net cost of health insurance can be less than their MLS liability - although the true value of private health insurance extends beyond the value of the Medicare Levy Surcharge.
Our work in this area has shown that, with HICA's assistance, most people can improve their situation by:
- reducing the cost of their cover without increasing their exposure to risk, or
- increasing their cover/reducing their exposure to risk for a similar level of premiums, and/or
- avoiding the Medicare Levy Surcharge.
Since its inception, HICA (Health Insurance Consultants Australia Pty Ltd) has helped tens of thousands of individuals and families to secure better value from their health insurance purchase.
Free assessment service
Currently there are more than 35 registered Health Funds operating in Australia, all offering numerous health insurance policies. Selecting the most appropriate health cover can therefore be a time-consuming and daunting task. HICA has access to the latest facts and figures and the experience needed to source a health insurance policy that offers value for money and a level of health care protection that suits your clients' personal situation.
Our service to each of your clients begins with a free, no obligation assessment of their specific health insurance requirements and help to find a cover that suits their particular needs and budget.
Once submitted, an experienced HICA consultant will review the details your patients provide in their assessment, identify the most appropriate and competitive health insurance policy(s) for their needs (selected from HICA's huge range of policies from a selection of health funds) and forward full details for their consideration. This policy information will generally be sent by post within 48 hours of receiving the assessment details.
Later, if their cover is subject to significant change, we may contact them to offer a free reassessment or update them about newer options available at that time.
Importantly, HICA's services are provided to private consumers (your clients) free of cost.
How your clients can access HICA's free assessment service
HICA's free assessment service can be made available to your clients simply by providing them with an Assessment Form. You can order assessment forms by completing an online order today. Assessment forms are provided to you at no cost.
Alternatively, your clients can call 1300 732 757 (cost of a local call) to discuss their health insurance requirements with one of HICA’s experienced consultants or complete the online form.
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