Look, the truth is our bank accounts are feeling a bit battered after the curveball that is 2020. But whether you’re needing to adjust your budgets or you’re just looking to reign in some spending, we shouldn’t have to compromise on one of the most important things—our health and wellness.
So, to ensure all you serial spenders can have your gluten-free refined sugar-free paleo cake and eat it too, we’ve partnered with HBF Health Insurance to bring you six savvy ways to keep your wellbeing in check. From tax must-knows to shopping in-season produce, here’s exactly how to save coin on your wellbeing and health without losing out on the things you love.
Go Online With Workouts
If there’s one thing lockdown has taught us, we definitely do not need a $250 a month gym membership to keep in shape. Everything is online these days and with a few essentials like resistance bands, dumbbells and a yoga mat on hand, you’ve got yourself an at-home gym for a fraction of the price—winning. If you’re keen to keep things totally free, opt for natural exercise like walking, running, biking or swimming, or hit play on these killer YouTube workouts to master from your living room. Should you be seeking a bit more structure at a steal, sweat it out with one of these fitness apps—they’ll sort your workout routine without the personal trainer price tag.
Suss Out The Supplements
From protein powder to pre-workout, multivitamins and fish oil, does your supplement stash seem more like a math equation and less like something that’s actually helping your body? Don’t worry, you’re not alone. The deal is, most of us can actually get most of our minerals and vitamins the old fashioned way—through a healthy, balanced diet. Which can make that $50 bottle of pills a waste of coin. Instead, we recommend fronting the cost to consult a registered nutritionist or dietician, sussing where you can get your nutrients from your diet, and where you should effectively supplement—without splashing the cash on the latest and greatest vitamin delivery service.
School Up On Health Insurance
As much as we like to try and believe it, we’re not invincible and there are inevitably times we’ll need access to hospital care or medical extras. While health insurance may add to your monthly budget, it’s for the purpose of knowing the most important thing—your health—is covered in the long run. There are two types of health insurance you can get amongst—hospital cover, which helps cover treatment received when you’re admitted to hospital, and extras cover, which is more for everyday services like dental, the chiropractor and physio. Not quite sure where to start? Stop by HBF who will help you find the cover that’s right for you.
Shop In-Season Produce Or Buy Frozen
While we all love smashed avo on toast, stocking up on your healthy eats when they’re out of season is a sure-fire way to drain the dollars from your account. The fix? Shop your fresh fruit and veg based on seasonality. Bookmark this seasonal produce guide by Sustainable Table and shape your meals around that. Looking forward to winter, you can expect an abundance of avocados (thank goodness) alongside lemons, feijoas, broccoli and carrots. If you’re craving some berries in the colder months, just pop by the freezer aisle and pick up some frozen packets to tide you over—they’re a heck of a lot cheaper than anything on the shelf.
Make The Most Of Company Benefits
If you’re working away at a nine-to-five in corporate Australia, here’s our hot tip: do some digging on what your company’s health and wellness benefits are. Many businesses offer a wellness budget for employees, that you can spend on anything from workout gear to prescription glasses to yoga sessions. Others offer free or heavily discounted access to on-site services like a massages, therapy or meditation sessions. And if your business is lagging behind on what’s expected in 2020, why not get your hands dirty and kick-start a wellness committee? Smoothie-bowl Fridays and Wednesday walking club coming right up.
Take Note When It Comes To Tax
Here’s the deal, there are two terms you need to know when it comes to health and tax time: the Medicare Levy Surcharge and Lifetime Health Cover loading. Avoiding the jargon, let’s break it down. The Medicare Levy Surcharge is a tax you pay if you earn more than $90,000 (or $180,000 for families) and you don’t have the appropriate level of hospital insurance—so the short of it is that if you earn over these amounts and want to avoid this charge, you’ll need to take up the right type of hospital cover.
Now let’s talk about Lifetime Health Cover loading. So, this loading makes hospital cover more expensive if you're 31 or over and getting hospital insurance for the first time. Lifetime Health Cover Loading adds two per cent to the cost of hospital insurance every year after you turn 30. It can add up all the way to 70 per cent, and that extra charge sticks with you for 10 years! Not down for that? All you have to do is get hospital insurance before you turn 31 and you’ll avoid this. Get the intel on what you need to know when it comes to the Medicare Levy Surcharge and Lifetime Health Cover loading here.
Live your best life without the exxy price-tag, thanks to HBF Health Insurance.
Editor’s note: This article is sponsored by HBF Health Insurance and proudly endorsed by The Urban List. To find out more about who we work with and why read our editorial policy here.