Health Saver
Smart alternative to health insurance
ABOUT
HEALTH SAVING
Some things we just accept, because that’s how it’s always been. When you have a life to be lived, the last thing you want is to be held back by archaic rules. When it comes to the most important things — like your freedom, money and health — don’t let old ways stand in your way. What if you could find a new and better way to take care of your health, one that puts you in control, and lets you decide what’s best for you. A way to save, and to spend your own money on your well-being, with a safety net to fall back on.
SAVE
Deposit into your Health Saver and watch your balance grow.
SPEND
Use our app to access your health savings, and pay a practitioner.
REWARDS
Be rewarded by your practitioner for investing in your health.
OWN IT
It's your health, your money and your freedom. You own it, not your insurer.
OPEN A
HEALTH SAVER
It's easy to get started ...
Navigate to our web app
No download required. It works on your mobile, tablet, laptop or PC.
Create a free account
It’s just like a savings account, but designed for health saving. Sign up, verify your identity, and you’re good to go.
Start investing in you
Add funds, setup a regular deposit schedule, and take control of your healthy future, because it belongs to you.
INVESTING IN
YOUR HEALTH
All deposits made to your Health Saver remain yours. You don't need to worry about rushing off to Specsavers at the end of the year to get that 2 for 1 deal on glasses, that you actually don't need. You get to determine where you can spend your money. Paying into traditional health insurance is like renting a house that you'll never own, so if you stop your contributions, you have nothing to show for it. Health saving is about building an asset for you, one that you feel proud of because it belongs to you.
— spend at traditional healthcare providers like doctors, dentists, and physio’s.
— spend at wellness specialists like naturopaths, yoga classes and gyms.
— spend at petcare providers like veterinarians, animal hospitals, and puppy schools.
MOBILE APP
FEATURES
If a practitioner is on our platform, you can pay using our app. No cards to carry or PIN numbers to remember. You can also upload a receipt and obtain reimbursement if you pay by another method.
Easy mobile payments
Cardless
See your balances
Find practitioners
Earn rewards
Book appointments
ONLY PAY FOR WHAT YOU USE
HEALTH SAVING
Just to be really clear, a Health Saver is not insurance. You can’t spend more than you have saved, unless you add optional Hospital Cover. You can sleep comfortably knowing that you are not buying health services you will never use, and you are not funding the healthcare of the wealthy. There are no long-term contracts, and you can withdraw your health savings with 30 days notice if you need your money back, with no fees or penalties.
SAFETY NET
HOSPITAL COVER
VSPRY is all about helping you to save for your future health and wellness needs. But it can sometimes make sense to buy Hospital Cover, to reduce tax, or to provide a safety net. VSPRY has a Distribution Agreement with nib health funds limited. If you purchase a Hospital Cover policy, all servicing, claims and customer support is provided to you by nib.
Avoid the Medicare Levy Surcharge
If you earn over $90 000 per year as a single, or over $180 000 per year as a family, the cost of a premium can often be less than the tax surcharge you would otherwise pay.
Avoid public waiting lists
The public health system is really good, but there can be wait lists for some elective procedures. Hospital cover can help you get your elective procedure completed more quickly.
Low cost
Choose your level of cover, and avoid paying for services you can get done in a public hospital, or simply will never need.
FAQs
Where do you invest my health savings?
All funds are invested into a cash management facility with one or more Australian banks.
Can I open one account for my family?
Yes. You can open 1 account, and then nominate family members to use your Health Saver for health, wellness and veterinarian services.
How do I make a deposit?
Login to your account and select “Add Funds”. Once you have completed the request, we will initiate a direct debit from your nominated bank account.
Who can I spend with?
Traditional healthcare providers like doctors, dentists, and physio’s. Wellness specialists like naturopaths and yoga classes. Petcare providers like veterinarians, animal hospitals, and puppy schools.
What is PayLater?
Let’s assume you have $1 000 in your Vspry Health Saver, and you visit the dentist and need $1 400 worth of treatment. Subject to approval, we will allow you to defer the $400 and repay it over a small number of equal fortnightly or monthly installments, interest and fee free!
©2019-2020 Vspry Australia Limited ABN 41 631 026 330.
Products and services shown on this website are currently not available for sale until such time as various regulatory and licensing approvals have been granted. The information on this website is general in nature and doesn't consider your personal circumstances, so please take the time to make sure that a product or service is right for you.
Products and services are issued by different companies. Saving/investment products are issued by Kinsmen Securities Limited ABN 50 100 139 820 AFSL 222650. Hospital cover products are issued by nib health funds limited ABN 83 000 124 381. PayLater products are issued by Vspry Money Pty Limited ABN 88 638 831 857. Merchant products are issued by Vspry Australia Limited ABN 41 631 026 330. Reward products are issued by Vspry Rewards Pty Limited ABN 88 638 677 595.
Always read the relevant Product Disclosure Statement, our General Terms, and any product-specific Terms.
VSPRY® is a registered trademark of Vspry International Limited. Your health, your way. Be very spry.