Thanks for the kind words, @MichaelAB! We agree that a compare my policy feature would be great; it’s definitely on our vision board.
I’ve written a piece on orthodontics in health insurance which should be going online this week (and in the August magazine along with our recommendations for the best extras for braces). Hopefully it’ll be useful for you, but to answer your questions:
Medibank’s orthodontic benefits increase the longer you’re with the policy. In year 2 (3 if you have to serve the waiting period) you can claim $200, $300 in year 3, etc eventually up to $1200. This practice is pretty common, but we can’t capture it in our database, and in any case we think you shouldn’t have to stick with a policy for a decade to receive the full benefit - who knows what the premium will be like then! That’s why we show the benefit you can get in the first year. We put the 100% in because sometimes funds have extra sublimits (60% up to $X, for example).
Lifetime limits are per person. However, they do take into account any claim you made on a previous policy, so don’t think you can max out a claim on one policy and switch over to another. Even with one kid I’m pretty sure you’ll burn through that $1200 pretty quickly! (Some policies do have per policy annual limits, which can trip you up if you’ve got two kids on braces at the same time - these are rare but something to look out for.)
That “9 out of 10” figure uses the same underlying data as our gap cover rating. We think the SIS simplifies it a bit, because “almost 9 out of 10” gives no context around whether this is good or bad compared to other funds. It sounds pretty good, but let’s say you’re in Tasmania, where 90.1% of services have no gap - suddenly that’s pretty average. Our ratings take into account how the fund performs against the market - we think it’s important to have that context rather than a rough figure with nothing to compare it against.
If you’ve answered the questions about the rebate in the questionnaire it will show you the price with the rebate applied. I think the asterisk was a holdover from before we were calculating the rebate and now doesn’t refer to anything - thanks for bringing this to my attention, I’ll remove it.