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9 Questions

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Insurance System in Australia

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Questions and Answers

What factors are used to calculate insurance premiums?

Height and weight of the insured

Policyholder's age and gender

Number of dependents

Type of insurance, level of coverage (correct)

What type of services does private health insurance in Australia cover, which are not fully covered by Medicare?

Doctor visits

Dental care, optical services (correct)

Emergency services

Prescription medications

What is the role of the AFCA in Australia's financial sector?

Selling insurance policies

Resolving complaints and disputes (correct)

Issuing insurance rebates

Providing government incentives

Why does the government provide incentives for private health insurance in Australia?

To encourage individuals to take out private health insurance Signup and view all the answers

What kind of treatments are covered by private health insurance in Australia?

Dental care, optical services, private hospital treatments Signup and view all the answers

In Australia, what is the purpose of Private Health Insurance Rebate?

To encourage individuals to take out private health insurance Signup and view all the answers

What type of organization is AFCA in the Australian financial sector?

Independent body handling complaints and disputes Signup and view all the answers

How does private health insurance in Australia complement the public healthcare system (Medicare)?

By covering services not fully covered by Medicare like dental care, optical services Signup and view all the answers

What kind of complaints does AFCA handle in Australia?

Complaints about financial services providers including insurers Signup and view all the answers

Insurance System in Australia

Choose a study mode

Podcast

Questions and Answers

What factors are used to calculate insurance premiums?

What type of services does private health insurance in Australia cover, which are not fully covered by Medicare?

What is the role of the AFCA in Australia's financial sector?

Why does the government provide incentives for private health insurance in Australia?

What kind of treatments are covered by private health insurance in Australia?

In Australia, what is the purpose of Private Health Insurance Rebate?

What type of organization is AFCA in the Australian financial sector?

How does private health insurance in Australia complement the public healthcare system (Medicare)?

What kind of complaints does AFCA handle in Australia?

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