How do we decide which private medical insurance products get the best rating?
For over 30 years, Moneyfacts has been helping people to find the best financial products. Every year our in-house money experts cast their eye over all the private medical insurance products available to the UK market, using their in-depth knowledge to determine those that truly represent the best in value and comprehensive solutions.
Our impartial private medical insurance ratings look at the most important features and benefits of each product. For private medical insurance, we evaluate over 40 individual elements to determine which products stand out from the rest of the pack.
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More than 120 Greater Dandenong families joined a savings-matching scheme to help cover their children’s back-to-school costs in 2020.
Under charity Berry Street’s Saver Plus program, families make regular savings deposits over 10 months and complete four financial education workshops.
They are then awarded $500 in matched savings, which must be spent on educational items like laptops, uniforms, shoes, backpacks and stationery.
In 2020, 3400 participants enrolled across Australia. They saved more than $2.1 million, and were paid $1.45 million in matched funds.
Hemavathi, a mother of two, said the scheme helped her develop a savings habit.
At the time, she was studying a childcare course at TAFE while trying to save for her daughter’s school expenses in 2021.
“I would always pay my bills, but then have nothing left. I always felt broke,” she said.
“Last year, doing the Saver Plus program I learnt to save, pay things off, budget.”
This year, the young mother was well prepared financially to cover all three childrens’ costs and maintain some savings. Generic photos of students at Tennant Creek Public School. Picture: SUPPLIED
“I haven’t even gone back to work yet this year and I have savings. I’m so proud of myself,” she said.
Her situation, however, is widespread for many families.
Many frustrated parents last month revealed they would spend on average upward of $600 as the start of the school year neared.
How do we decide which private medical insurance products get the best rating?
For over 30 years, Moneyfacts has been helping people to find the best financial products. Every year our in-house money experts cast their eye over all the private medical insurance products available to the UK market, using their in-depth knowledge to determine those that truly represent the best in value and comprehensive solutions.
Our impartial private medical insurance ratings look at the most important features and benefits of each product. For private medical insurance, we evaluate over 40 individual elements to determine which products stand out from the rest of the pack.