Australians pride themselves on being friendly and welcoming. That philosophy extends to our health care system as well. A public, government-funded health care system, called Medicare, provides basic care for every citizen.
Medicare typically pays for:

100 % of in-hospital costs at public hospitals
75 – 85% of General Practitioner and specialist services

Additionally, the public system covers:

most immunizations
100% of prescription medicine costs
30 to 40% of the premiums for private health insurance cover

Treatment under the public health care system does not extend to Australian citizens traveling outside the country, so travel insurance is …

The benefits of having a two-tiered medical insurance system is that no matter what medical attention you might require, there is an affordable option available.  Every citizen is covered by Medicare.  In addition, you may wish to obtain coverage through a private health insurance.
What does Medicare Cover?
Each year when paying taxes, part of the proceeds go towards funding universal health insurance.   According to PrivateHealth.gov.au, Medicare covers hospital expenses, medical expenses, and pharmaceutical expenses. Through Medicare,  a public hospital will treat you at no charge with a hospital-appointed doctor.  You can …

Planning what should be a carefree holiday often amounts to a process that is anything but carefree.
Before leaving on holiday near or far, millions of world travelers first check to confirm that they have adequate insurance coverage. Because of the potentially disastrous financial and personal implications that could result from a injury, illness, or even death while traveling, in Australia, the prevailing school of thought is that “if you can’t afford travel insurance, you can’t afford to travel.”
What is Travel Insurance?
Although no sound or reputable travel insurance policy will cover …

Purchasing a car is one of the largest financial decisions that most people make during a lifetime; often, only the purchase of a home is larger. With this in mind, it is apparent that financing the purchase of a car is a very important decision to make. Luckily, the consumer has a variety of financial options.
The first, and cheapest, way to purchase a car is by paying cash. However, most people simply cannot afford to spend that much cash at once. Another popular option is to lease a car; the …

Australian health insurance is divided into two broad categories, Medicare and private health insurance. To help clear up any confusion about health insurance cover, I’ve devised a little primer to break it down for you.
Medicare
Medicare is the primary source of health cover in Australia. Funded and managed by the government through Medicare Australia, it covers citizens and most permanent residents (except the poor residents of Norfolk Island).
Medicare covers 100% of the costs incurred if you enter a public hospital as a public patient. However, you generally cannot choose your doctor …