Question 1

Do I have to pay GST on health insurance premium?

Accepted Answer

Yes, a GST is charged on the health insurance premiums payable by you.

Question 2

Does the premium amount vary from insurer to insurer?

Accepted Answer

Yes, every insurer charges a distinct health insurance premium.

Question 3

What are deductibles?

Accepted Answer

Deductibles is an amount that is a part of the treatment cost that you are expected to pay by yourself, while the rest is paid by the insurer.

Question 4

What is a co-payment clause?

Accepted Answer

With a co-payment clause, the medical treatment cost is split between you and the insurer by a certain percentage.