You can choose to take out OSHC with your institutions provider, or with any of the five Australian OSHC providers. You can compare all providers in the market at our website Australia OSHC. If you have already purchased your OSHC, you can transfer to another OSHC insurer at any time.
For the entire period you are intending to study in Australia, it is required of you to pay your advance to get “visa-length cover”. By doing this you will receive a pro-rata refund for the remaining cover you have. To obtain a refund you must provide proof to your previous insurer that you have a valid policy with a new OSHC insurer that overlaps the period covered by your previous OSHC insurer.
HOW DO I KNOW IF I AM GETTING THE BEST DEAL ON MY OSHC?
First you need to figure out how much you originally paid for your OSHC and what benefits that cover provides. You can find that in your original agreement with your provider. If your OSHC is through your institute or agent, there might be extra benefits included, so make sure you check for those.
Once your cover is confirmed you can look for a new deal. An easy way to do this is to use an OSHC comparison service like Australia OSHC so you compare all the government-authorized providers to see how their policies differ in terms of features and price to ensure you make the right decision.
IF I CHANGE OSHC PROVIDER, WILL THAT AFFECT MY STUDENT VISA?
All five Australian OSHC providers are approved by the Australian government for Student Visa purposes.
WHAT ABOUT WAITING PERIODS AND CANCELLATION FEES?
It totally depends on your policy terms either you may get charged a fee for cancelling your insurance. Make sure you check that out before switching providers. Any periods of membership served with your previous OSHC insurer will count towards waiting periods with your new OSHC insurer, provided there is no lapse in membership.
YOU’VE FOUND A GOOD DEAL. NOW WHAT?
- Purchase the new policy
- Request a cancellation form from your previous OSHC provider
- Send cancellation form to the old insurer
- Wait for your refund (this generally takes about four weeks)
It’s all quite simple, but you can go through an OSHC comparison service like Australia OSHC, which will assist you with these steps.If you would like to know more about switching your OSHC insurers and potentially how much you could get back in a refund, please visit our website Australia OSHC where our Mission is to save you more money, provide you different options to compare, and provide excellent customer service. Aim is to help you make the right choice in OSHC.