Optical extras explained
You’ll often hear health insurance options described as ‘hospital and extras’. Extras cover provides a benefit — or rebate — towards the cost of everyday non-hospital services like optical.
While eye tests are often covered by Medicare, prescription glasses and contact lenses aren’t. But with optical extras you can score a rebate or discount on many optical products and services. Specsavers has a range of health fund offers you won't find at other optical retailers, like two designer styles from the $199 range complete with single vision lenses for no or low out of pocket expense.
What is an annual rebate limit?
Extras cover is not unlimited. Each policy has a maximum benefit it will pay for specific extras, like optical, each year. From percentage discounts to ‘no gap’ offers, your entitlements will depend on which health fund you’re insured with and your level of cover.
Just as policies vary between insurers, so do levels of cover. If you have a basic policy, your annual rebate limit will be lower than someone with a comprehensive policy. Whatever your limit is, once you reach it you’ll need to wait for the policy to reset before claiming again.
When does health insurance renew?
It’s important to note that you can make a claim at any time of the year, however any unused benefits from the previous calendar year won’t roll over into the new year. Some health funds may run to the financial year calendar, so make sure you check the fine print.