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Why do health insurers impose waiting periods on new members?

April 26, 2017Health insurers members periods waiting

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Why do health insurers impose waiting periods on new members?

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When you join a health fund or increase your level of cover you may have to wait some time before you are able to claim benefits. This waiting period protects you and others in your health fund by making sure that people can not join a health fund solely for the purpose of making a claim, and then dropping their cover. This type of “hit and run” behaviour results in increased premiums for everyone.