What is offered by NIB OVHC and Find the Right Cover Level

 Packing bags to move in Australia? Here is what you need to know…

The majority of Australian visas require the applicant to have an overseas visitor or student health insurance. These insurances are known as overseas visitor health cover - OVHC or overseas student health cover - OSHC. You can buy these insurances from any health insurance provider in Australia.

Major Providers in Australia

Medibank

Medibank is Australia’s one of the finest health insurance companies, catering to its customer's health insurance needs by providing the best health insurance solutions. Hence, it is known as the country’s largest insurance company with one-third of the market share.

Bupa

Bupa is available in Australia, along with 20 other countries. Therefore, it is known as an international healthcare service provider. In Australia, it is successfully running in Melbourne and Sydney, where customers re provided with health and travel insurance services.

NIB

Serving more than 2 million customers across Australia and New Zealand, NIB is also known as an international health insurance provider (and quite a popular one…) with a variety of healthcare and medical services to provide.

Allianz

Allianz believes in making the process of buying health insurance in Australia easy and accessible for people. It mainly provides solutions for visa conditions for 482, 485, 600, and student visas for Australia.

AHM

AHM also believes in making complex problems easy for everyone. Therefore, it is not wrong in saying that buying an OSHC or OVHC policy is easier with AHM than with most of the health issuance providers.

NIB Health Insurance

NIB is one of the major health insurance providers in Australia, which deals in both – OSHC and OVHC. It has a record of catering to millions of customers from Australia and New Zealand with suitable health covers. Its flexible policies with a variety of health cover options and cover levels, involve many advantages.

The NIB Overseas Visitor Cover Options

There are four different options available for overseas visitors traveling to Australia. All these cover options meets visa requirements, which is our main goal of buying health insurance at the first place. The following are types or levels of health covers – OVHC provide by nib:

·         Budget: This basic cover is useful in case of emergencies. You will have to pay out-of-pocket expenses for doctor visits and similar basic health needs.

·         Basic: This is an effective yet widely used cover. It is best for everyday health needs, such as doctor consultations, outpatient services basic health needs, and more.

What is not covered under NIB?

NIB does not cover any non-Medicare services for both cover types. Also, remember that both the covers have certain exclusions that you cannot claim. However, in general, enlisted medical services and treatments are not covered under nib health covers:

Budget Cover:

·         General dental and optical

·         Outpatient medical

·         Outpatient pharmaceutical

·         Non-Medicare procedures

·         Assisted reproductive

·         Bone marrow and organ transplants

Basic Cover:

·         General dental and optical

·         Outpatient psychology and psychiatry

·         Non-Medicare services

·         Assisted reproductive

·         Bone marrow and organ transplants

Benefits and Features of NIB Covers

All cover options provided by NIB will meet your visa requirements as well as entitle you to certain additional benefits, such as:

·         Emergency ambulance cover

·         No extra amount for any services or hospital admissions

·         Repatriation benefits to transport you back to your home country, if medically required

·         Funeral expenses cover an average of $20,000

Waiting Periods of NIB Covers!

NIB covers include waiting periods, meaning, you can easily claim medical services or treatments after buying the health cover. Enlisted are waiting periods for different medical cases:

·         Ambulance cover does not include any waiting period.

·         There is a 2-month waiting period for inpatient psychiatric treatment and rehabilitation medical services.

·         Pre-existing conditions, pregnancy, and pregnancy-related services have 12 months of waiting period.

In Brief

Australia has top health insurance companies, widely spread-out with the health insurance industry’s biggest names. These major health insurance providers have health covers available at affordable prices and easy claims. Therefore, you can find out the policy that fits best with your needs.

Budget Policy is associated with Australia’s major health insurance providers. You will find all policies available on a single platform, and thus, can OVHC and OSHC compare of each. Consult with our experts today and get your policy ASAP!

Comments

Post a Comment

Popular posts from this blog

Health Insurance for 485 Visa Holders

Image
  A 485 visa holder can study, work and live in Australia for up to 5 years. It is necessary to maintain adequate health insurance. Overseas Visitor Health Cover (OVHC) policy covers unexpected medical expenses in case of getting injured or sick during the stay in Australia. The minimum health insurance for 485 visas is up to 3 months; the maximum depends on a person’s situation. It is also called a temporary graduate visa. All 485 visa holders must purchase an OVHC health insurance policy to meet the visa requirements. Subclass 485 visa holders of both graduate and post-study work streams must satisfy visa condition 8501. The overseas students going to Australia on a subclass 500 study visa must change their visa type from subclass 500 to 485 after completing their studies and move from Overseas Students Health Cover (OSHC) to a working Overseas Visitor Health Cover (OVHC) health insurance policy. Benefits The OVHC policy will cover the following. Public hospital...
Read more

Mental Health Services: What is covered under OSHC?

 When you start on the exciting journey of studying or living in a foreign country, taking care of your health should be high on your priority list. It is important to make sure you have proper healthcare coverage in place. In Australia, international students are required to have Overseas Student Health Cover (OSHC) provided by various insurance providers. The health insurance not only covers a wide range of medical needs but also takes care of your mental health. In this blog, we will know about the details of what exactly OSHC covers when it comes to mental health services. Knowing the kind of support you will have access to during your stay in Australia can give you peace of mind and help you make the most out of your experience. What is OSHC? OSHC is a mandatory health insurance cover that international students must get while studying in Australia. It is designed to provide financial assistance for medical treatments and services that students may require du...
Read more

Top Reasons You Need an Overseas Student Health Cover (OSHC)

Image
If you have already planned to study overseas and have chosen Australia to take up higher education, you must be aware of the fact that you must have a valid OSHC ( Overseas Student HealthCover ) when entering Australia, without which you may not be able to enroll in your desired educational program. Buying a health cover (OSHC) is one of the most important things that the student needs to do when planning to enter Australia on a study (subclass 500) visa. Well, there are many reasons that every international student entering Australia must have an Overseas Student Health Cover. Here are some of the top reasons you need an OSHC when entering Australia.   1.      International Students’ Ineligibility for Medicare As we all know, Australia has an excellent and well-structured medical care system, more commonly known as Medicare. The Australian Government’s public health program provides medical care and facilities to Australian citizens and permanent residen...
Read more