Gym rebates and your insurance

Fitting in a healthy lifestyle is tricky nowadays. Many of us focus on being our best selves � physically and mentally, but we�re awfully harsh critics when we fail to live up to our own expectations.
It�s for this reason that Australians should take any �leg up� they can find � whether that�s cheap exercise classes, or a free meal plan. So, how can your health insurer help? Well, it could save you hundreds of dollars on gym membership fees�

What�s covered by health insurance?

Many of us take out health insurance for good reasons. Perhaps it�s for obstetrics cover when you�re having kids. For others, it�s an extras policy to get new pairs of glasses each year.
You may not be aware, but some insurance policies � specifically, extras policies � cover memberships to health and lifestyle programs, such as:
  • Gym memberships
  • Exercise class memberships (e.g. yoga, swimming, Pilates)
  • Skin cancer screenings
  • Health assessments
  • Weight management programs
  • Quit smoking programs
  • Access to nutritionists, exercise physiologists, and more.
Some of you may ask, �Why do insurers offer this?� It�s simple: if you�re healthier, you�ll claim less often on your policy. When you don�t claim, the insurer doesn�t have to spend any money towards a claim. Everybody wins!

How much can you claim back?

You�ll be able to claim a certain amount per year on these lifestyle product. This may total little more than a few hundred dollars, but many would consider that worth it over the long term. To put it in perspective, however, one health fund on ComparetheMarket.com.au offers a $250 annual limit on lifestyle product benefits.1 The amount you can claim should be outlined in your policy brochure.
�(Your) refund is dependent on the level of cover held � Holding private health insurance does not ensure eligibility for a refund for fitness service.� � Fitness.org.au

Exclusions

You should be aware that some funds have limits and outright exclusions on this type of cover.
  • In the case of several major funds, you�ll be able to access these rebates if a GP/Physio/Healthcare Physician signs a health management form, usually provided by your insurer.
  • Gyms must be be recognised by your particular insurer. �Several funds don�t recognise personal training services, or 24 hour fitness centre memberships,� Fitness.org.au states, for example.
Check with your insurer to see which memberships you can claim for.

Time to compare?

There�s plenty of great reasons to get health insurance � cheaper gym memberships is just one more. If you�re ready to track down one of these products and make a change in your life, compare australian polices or give us a ring. We�re eager to help out any way we can.
Sources
  1. Quote carried out on ComparetheMarket.com.au on 13/04/2016. Cover for single male, living in QLD, cover type: extras only.

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