OSHC: Secure Your Health and College Life in Australia
The Overseas Student Health Cover (OSHC) is adequate health insurance to help international students cover the cost of medical and hospital care for the duration of their stay in Australia.
Do you know as an international student why OSHC health
insurance is important? According to the Government of Australia, it is
compulsory for international students to have health insurance to cover their
medical expenses based on the Australian Medicare system.
We all have faced uncertain crises like COVID-19 and
suffered from unwanted health-related risks; as an overseas student, you have
to be very prepared for unknown crises. Health insurance provides much-needed
financial backup to people in times of medical emergencies.
The international students can arrange to pay for their
OSHC through their educational institution; either, they can select OSHC providers even when their educational institution can make a specific
recommendation as they have negotiated a preferred provider arrangement with a
particular insurer. The OSHC insurers
will gradually implement changes to their OSHC products and information based
on amendments to the new Deed. Some of these changes include.
•
Don't need to wait for general practitioner and
other medical practitioners out of hospital visits;
•
Increases pharmaceutical benefits for future
OSHC policy purchases; and
•
Revised insured group definitions.
Who
Provides OSHC Health Insurance?
As of 20 December 2019, six health insurers are signatories
to the OSHC Deed. Those are:
•
Allianz Care Australia (Peoplecare Health)
•
ahm OSHC
•
CBHS International Health
•
Medibank Private
•
NIB OSHC
Why
Health Insurance is Important for Overseas Students?
Ever wonder why it is important for overseas student to buy
health insurance either from educational institutes or from OSHC providers?
According to the condition 8501 of the student visa (subclass 500) states that
"The visa holder must maintain adequate arrangements for health insurance during
their stay in Australia", and most importantly with an OSHC, overseas
students are covered for:
•
Hospital costs for treatment and accommodation
•
Out-of-hospital medical services
•
Ambulance services
•
100% of MBS fee for any in-patient services
like surgery or extended care for an illness
•
Accommodation of public and private shared ward
(only those private hospitals that are associated with OSHC insurance provider)
•
A couple of Prosthetic devices
•
Listed prescript medicines, approved by the
doctor
Reasons
to Secure Your Health and College Life in Australia with OSHC!
•
Fight
from Lifestyle Diseases: Having unhealthy food can cause many
issues related to health. Lifestyle diseases are raising slowly among people
under the age of 40; like obesity, diabetes, heart diseases and respiratory
problem.
•
To
Safeguard from Uncertain Financial Issues: As an overseas
student, you must plan and implement things that are important before reaching
Australia; and health insurance is one of them because the government of
Australia has made it compulsory for an overseas student to have health
insurance in advance and it also let you stress-free from any kind of health
emergency.
•
Already
having Health Insurance, then Why go for OSHC?
Suppose you are from India and have LIC health insurance and planning to study
in Australia; in that case, you must have an OSHC health insurance.
•
Help
in becoming Financially Free: As an overseas student, it
must be hard to categorise the monthly and yearly budget, so in that case
having OSHC will help you to categorise your things without thinking of health-related
expenses.
Conclusion
In the end, the OSHC will secure you from unfamiliar and
uncertain crises and make life easier during your time staying in Australia,
because a private bed in an Australian hospital can cost you between $200-$700;
in addition, the doctor fees, medicines, services can lead you towards
financial issues, but it can be avoided by OSHC plan.
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