OSHCstudents-Overseas Student Health Cover (OSHC) is an essential requirement for international students studying in Australia. Before purchasing an OSHC policy, it’s important to understand some key terms to make an informed decision about your health insurance coverage. Here are five must-know terms.
Premium
The premium is the amount you pay for your OSHC coverage. It can vary based on factors like the duration of coverage, the level of coverage, and the insurance provider you choose. Understanding the premium helps you budget for your health insurance expenses.
Policy Coverage
This refers to what medical services and treatments are included in your OSHC policy. It’s crucial to review the coverage details to know which healthcare services, such as hospitalization, doctor visits, prescription medications, and ambulance services, are covered by your policy.
Waiting Periods
A waiting period is the period of time you need to wait after purchasing your OSHC policy before you can make a claim for certain medical services. Different policies might have varying waiting periods for different services, such as pre-existing conditions or maternity care. Being aware of waiting periods ensures you know when your coverage becomes effective.
Direct billing
Direct billing network includes local doctors (GPs) and specialists who submit your claims to insurance providers directly. The insurance providers organize payment to be made directly to them, to give you a seamless electronic process which means you don’t have to fill out paperwork to have your claim processed.
Pre-existing conditions
A person has a pre-existing condition if, in the opinion of a medical practitioner appointed by your health insurer, you had signs or symptoms of an illness or condition, at any time in the six months before you took out your policy (ending on the day you took it out).
If you are international students, foreigners arriving to Australia, or Australian citizens traveling abroad looking for OSHC, OVHC, travel insurance, please contact OSHCstudents Team at email: info@oshcstudents.com and our partners for further information and assistance.
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