Can I vary the level of my private health insurance cover without affecting my premium under Lifetime Health Cover?
Yes. You are able to upgrade or downgrade your hospital cover policy under Lifetime Health Cover without affecting your certified age at entry. The usual waiting periods and applicable pre-existing ailment rules will still apply. The only circumstances under which your certified age at entry would be affected by a variation to your private health insurance cover would be if you drop your hospital cover. In this case the period of absence rules would apply. That is, your certified age at entry would be unaffected for the 1094 days that you were without hospital cover. If you purchase hospital cover 1095 days after dropping you previous cover you will pay a 2% loading. The loading increases by 2% for every additional 365 days you did not have hospital cover thereafter.
Related Questions
- How can a local health jurisdiction contract with a private insurance company to bill them for services to patients for whom they cover? What about children with health insurance from DSHS?
- Can I vary the level of my private health insurance cover without affecting my premium under Lifetime Health Cover?
- Ive just become a permanent resident; can I purchase private hospital cover without Lifetime Health Cover loading?
