How do waiting periods affect pregnancy cover?
If you’re searching for a health insurance deal for pregnancy cover with no waiting period, you may be looking for a long time. That’s because almost all health funds enforce a strict 12-month waiting period for obstetrics cover.
If you’re considering starting a family and want to be treated in a private hospital during the birth of your child, you’ll need to plan to take out extras cover well in advance. Even if you’re already a member of a health fund and simply want to upgrade your cover to include obstetrics, you’ll still need to wait 12 months before you can be treated by a private hospital obstetrician and enjoy the comforts of your own hospital room.
It’s also important to check with your individual health fund that your newborn baby will be covered under your policy.
What about dental cover no waiting period?
Regardless of whether you’re choosing an extras cover or a stand-alone dental policy, you’ll have to serve the relevant waiting periods before you can claim the benefits of your dental treatments.
However, you may find a policy offering a special promotion that allows you to claim on any dental treatments that typically have a two or six-month waiting period. Generally, you’ll only be able to do this once.
Is there such a thing as no waiting period extras or no waiting period hospital cover?
While health funds do offer special promotions waiving the waiting periods from time to time, there’s no policy that offers no waiting periods as a standard feature.
Regardless of whether you’re choosing an extras or hospital cover, waiting periods will typically be applied to the benefits of the individual policy.
What happens to my waiting periods if I suspend my cover?
Planning an overseas holiday? Some funds may offer you the option to suspend your cover while you are overseas. If agreed, you’ll be able to remain a member of the fund, but won’t be paying the premiums for the duration you are away. This means more money to spend on travel and souvenirs and less on health insurance you won’t be using!
Because you’ll still remain a member, you’re waiting periods will be preserved. The time you’ve already served won’t be affected when you reactivate your health insurance. If you’ve only served part of your term, you’ll need to complete the remainder of your waiting period when you return from your travels before you can make a claim.
Each individual fund has different rules relating to suspending health cover, so it’s important you contact your own fund for all the details. If suspending your cover is agreed, most funds will require proof of your re-entry into Australia to reactivate your cover. A copy of your boarding pass or passport is typically required.