What is an adequate health insurance package ?
A health insurance package is adequate if it provides cover for 12 months and is widely available in Australia (i.e. not restricted to network hospitals). It must be fully comprehensive, provide coverage that is at least equivalent to Medicare (including coverage of 85 per cent of costs for hospital, emergency, and general practitioner services) and pharmaceuticals. It is preferable that the health insurance be with an Australian insurer, however alternative arrangements can be accepted. Alternative arrangements must still meet the requirements described above. It should be noted that alternative arrangements with an overseas insurer will require individual detailed examination of the insurance policy and may result in processing delays. When applying to rollover your Investor Retirement visa, you will need to provide evidence that you have maintained adequate health insurance during your previous stay in Australia on a retirement visa. You will also be required to show that you curren
