Common mistakes to avoid while buying your overseas student health cover (OSHC)

Common mistakes to avoid while buying your overseas student health cover (OSHC)

Studying in the best universities of Australia is a dream of many students today. Hours of academic study, research, career development, tuition classes culminate in the development path of a student’s life. The student dreams of a particular college and spends hours after minutes, days after nights to get a green signal to their dream destination.

(OSHC) Insurance COVER in Australia

Academic documents, certificates, language, proof papers arrangement is carefully done, you’re all set to go! But Wait! We hate to tell you this but as per the governmental policies of Australia, their plans may just be obstruct! According to the Subclass 500 Student Visa, you and your family members are required to have proper health insurance for the whole time you or your family members will stay in Australia. Therefore, an OSHC Insurance in Australia is applicable to both the student and their families.

You might be thinking to whom is applicable? What could be the advantages? Under the corresponding healthcare agreement (RHA), Australia has agreements with some countries. Though there exist several terms and conditions to these, these participating countries enjoy the benefits of Medicare – The Australian Public Health system. Under the RHA, Australia has agreements with countries like Belgium, Finland, Italy, Ireland, Malta, Netherlands, New Zealand, Norway, Slovenia, Sweden and the UK.

Let’s now understand some common mistakes people make while buying their OSHC health cover

  • CHOOSING A LOW PRICE GOING CHEAP ON THE PRICE TAG

As human inclination is, getting attracted to lowest price comes naturally to us. There is always a consideration of the monetary factor, and most often than not, the lowest priced services are picked. For the cheapest insurance would really, not be a good idea.

  • NO FUTURE PLANNING

Your health insurance plan as mentioned in the above point as well needs to be comprehensive and needs to cover more than basic potential problems you may think of. We would not hesitate to say that buying a cheap plan for the sake of the price is equal to not buying a plan at all. Some plans, at higher points even give you access to some facilities, but not limited to advance payments for immediate expenses, death and accident coverage, visiting any General Practitioner (GP) in the whole of Australia etc.

  • THE “LOOK PERIOD” IGNORANCE

90% of the insurance companies have a 15 day “Look Period” in which you (buyer) can properly understand and clarify details about the policies mentioned. If you are not satisfied you can have the plan scrapped. The insurance providers tend to initialize the cancelation process and even offer refund. If this sounds logical to you, or even easy for that matter, not many of us would like to sit, read and go through the details of the policies mentioned. Overlooking the policies could even cause problems in the future.

  • DELAY IN RENEWAL 

You cannot be lazy in the process of renewing your insurance, this is not an option. Australian immigration laws state that without the possession of an OSHC Cover, the students are not eligible to stay in Australia. If you fail to renew the policy it will be considered as a breach of the health insurance condition and could even lead to a red signal for you to stay in Australia. 

An OSHC Cover can help you prevent the burden of these costs falling upon you, and still avail the best of medical facilities in Australia. With facilities like skipping appointment processes, getting in – hospital and out – hospital facilities, ambulance services, prescription medicines and availing prosthetic devices, buying the proper policy which suits your needs becomes as important as selecting the right caliber bullet for a weapon in a shooting competition. Australia OSHC is a leading and trusted place in finding your best policy. You get to view and compare different policies, and in some cases, you could even tailor your cover and pay only for what you actually need.

KEEP YOURSELF ON THE SAFE SIDE !!!