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Insurance System in Australia
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Insurance System in Australia

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@NonViolentGamelan

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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?

    <p>To encourage individuals to take out private health insurance</p> Signup and view all the answers

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

    <p>Dental care, optical services, private hospital treatments</p> Signup and view all the answers

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

    <p>To encourage individuals to take out private health insurance</p> Signup and view all the answers

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

    <p>Independent body handling complaints and disputes</p> Signup and view all the answers

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

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

    What kind of complaints does AFCA handle in Australia?

    <p>Complaints about financial services providers including insurers</p> Signup and view all the answers

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