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Why doesn my health insurance policy overseas count towards Lifetime Health Cover?

April 26, 2017cover Health health insurance lifetime overseas policy

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Why doesn my health insurance policy overseas count towards Lifetime Health Cover?

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Private health insurance overseas does not count towards Lifetime Health Cover. This is because any private health insurance held overseas does not contribute to the support of community rating, as Australian private health insurance is required to do. Community rating requires Australian private health insurance funds to charge everyone the same premium regardless of health status and claims history. This ensures that health insurers cannot charge the elderly and the chronically ill a higher premium.