Page 4 - TP_Bugdeting_Booklet_A5

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1. Medicare
You will probably find that you have been covered by your parent’s Medicare card. If you are over the
age of 15 you are entitled to have your own Medicare card. It may be more convenient and give you
more independence if you have your own card.
To enrol for a new card for yourself:
• Gather up identification (birth certificate, passport, bank account details)
• Attend a Medicare office (with your identification)
• Complete a Medicare copy/transfer application form. This form is available from the HIC (Health
insurance Commission) website or Medicare offices
When you are going for a check up or treatment it is important that you take your Medicare card with
you. Medicare covers the cost of:
• All public hospital clinics
• Treatment as a public (Medicare) patient in a public hospital
• All or part of the costs of treatment by practitioners such as doctors, including specialists,
participating optometrists and dentists.
• Medicare Australia:
2. Bulk Billing
Bulk billing is when the government pays your doctor for your medical. This means you do not have
to pay for your appointment, you just have to sign. Many doctors will bulk bill but they don’t have to.
Before you make an appointment with a doctor, ask if they bulk bill. If they don’t, ask them to explain
the costs and how much you can get back from Medicare.
3. Private Health Insurance
You don’t have to have private insurance, it is your choice. There are many private health insurance
companies. If you are thinking of taking out private health insurance, have a look at what different
insurance companies offer and what best suits your needs and budget. You may find that your parents
have you covered with private health insurance. Ask them if this will be transferred to you as an adult.
All private health insurance requires a contribution on a monthly or yearly basis by you. You need to
allow for this when budgeting your money. You do not need to have private health insurance to see
a doctor in private practice. If you do have private insurance it does not allow you to claim any refund
for visits to doctors in private practice. Private health insurance will only allow you to get a refund for
visits your doctor makes to you if you are admitted to hospital.
young adults
Budgeting for