An excess is the first part of any insurance claim that you have to pay yourself.
An inpatient excess is the amount you might pay on private hospital claims.
An out-patient excess is the amount that is deducted from the amount payable to you.
Paying excess can ultimately help keep the cost of your private health insurance down.
The more excess you agree to contribute up front as part of your cover the lower your health cover payments will be.
It’s important to note that you will only ever pay an excess if you go to hospital. This means you’re not paying for something you might not use.