Halloween is here! It’s trick-or-treating season once again. We often relate Halloween to movies, decorations, and scary costumes. But did you know that this season is also related to investment plans and extras coverage?
My co-founder and I have been in the insurance industry for more than a decade. We have seen a lot of institutions and insurers out there who claim to give you peace of mind with their coverage plans. However, you will find out later on that these plans will frighten and spook you out because the benefits you’ll get are often so far from the premiums you paid and that’s a loss on your part.
Let’s dive into the horrifying circumstances.
Insurers offering resTRICKtive plans
ResTRICKtive plans as we call it is a wordplay for policies with a lot of restrictions or limits to the owner. The plans have a tendency to trick you because you’ll see how these plans have many inclusions on the first look. And then, when you need that treatment, often you it is not included.
If you evaluate these plans, you’ll notice that you’re paying 100% of the premium, but many of us only utilise around 30% or 40% of it, sometimes even lower. You won’t be able to use the remaining treatments because you don’t need them in the first place.
Getting spooked by unexpected medical bills
Surprise or unexpected medical bills are also hurdles to policy owners, most especially during emergencies, like when you need that tooth implant or a crown. When you actually use the policy, the expectation is you’ll be covered . But as soon as you see the bill, you are spooked by the whopping amount of additional charges and out of pocket expenses.
This happens in different situations including but not limited to the following:
- A part of the treatment is not included or only partially covered by the extras plan
- The policy owner is not allowed to choose a provider for certain treatments
- Hidden charges by the healthcare provider
Properly choosing the right provider for you is a big factor to prevent unexpected medical bills. Do not be tricked by those who overpromise things because there’s a chance that these promises will just fail you. In addition, always ask the agent to explain your plan comprehensively so that you always know what to expect in different scenarios.
With ExtrasJar, you’re in for the treat
Enough with the “trick” part because these are some of the exact problems we saw in the industry that motivated us to bring you, our fellow Australians, ExtrasJar – where your money remains yours for your benefit around the clock.
Here at ExtrasJar, you’re not getting tricked. Instead, you are in for the treat because your hard-earned money is exactly that, your money and our mission is to not put it to waste. You can now say goodbye to restrictive plans and spend your money the way you want. This could be the complete peace of mind you need.
The ExtrasJar protection is all about flexibility in your cover. Choose a plan between the ExtrasJar Health Extras Account or ExtrasJar Pet Extras Account. Meanwhile, you also have the freedom to create your own plan that suits your lifestyle, budget, and needs.
Gain access to our wide pool of health and pet care providers who will also give you discounts and benefits just because you’re a part of ExtrasJar!
Finally, your funds will not expire nor fade if unused or unclaimed. We will be putting it into the ExtrasJar Managed Investment Scheme so that it’ll have the potential to grow for your future and you’ll be able to save further when you need it most. ExtrasJar ensures that your money is always yours because that’s what we want for ourselves too.
Too good to be true? Nope, that’s just ExtrasJar. We’re revolutionising the system of investment and insurance. Join us at the forefront!