Pre-existing Conditions and Overseas Health Insurance

So, you’re planning to start a new chapter of your life in Australia whether as a visit or a business trip or to study, and you’re planning to buy the best Overseas Health Insurance plan for you and your family, but 

 

 

 

 

 

 

So scroll down below to get the right information before you go on to buy the best Overseas Health Insurance Plans.

 

A pre-existing condition is an illness, an ailment or a condition of which you exhibit symptoms or signs of, before you got insured by the insurance policy, which can affect your health or your ability to work. There is no necessity for a diagnosis in this case. The pre-existing condition is determined in the opinion of the medical practitioner, appointed by the Health Insurance Provider, of any signs or symptoms which are reasonably evident to be prevailing since Six months before you are insured.

 

The pre-existing conditions can be life-threatening illnesses such as cancer, diabetes, stroke or it can be less threatening like High Blood Pressure, Asthma or a joint injury.

A "Waiting Period” is a time where the insured person has to wait for a certain period before they can claim from their Health Insurance. Usually, a Health Insurer may impose 12 months before any benefits can be claimed by the insured. The Waiting Period usually starts from the day you arrive in Australia or from the day your visa is granted- whichever is more recent. You typically have to wait for 12 months before claiming any benefits for any Pre-existing Conditions, 12 months for Pregnancy and 2 months for palliative care, psychiatric care, or rehabilitation.

 

 

The Waiting period is not for denying Healthcare access to anyone; instead it is to protect Health Insurers and other members of the Healthcare funds. If there are no Waiting periods, anyone can take out a health cover or upgrade their cover only when they know or have a suspicion that they would need that health cover. They will then reap all the benefits from the cover, then cease the cover or downgrade their current cover to a lower level policy, which results in substantial Hospital bills which then have to be paid by the long-term members on that policy. This would be extremely unfair to the long-term members.  Once you serve the Waiting Period and become a long-term member, then you don’t have to pay excessively for those who get in and out of the hospital at their leisure. You can also then claim benefits from your Health Insurance provider after you serve the "Waiting period.”

 

 

In case you’re planning to switch between health insurance policies, your Waiting Period will be carried over, and you don’t have to re-serve the Waiting Period that you already served. But if you’re switching to higher-grade Health policy, then you will have to serve the Waiting period before claiming any benefits that your previous plan didn’t offer.