Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why doesn my health insurance policy overseas count towards Lifetime Health Cover?

0
Posted

Why doesn my health insurance policy overseas count towards Lifetime Health Cover?

0

Private health insurance overseas does not count towards Lifetime Health Cover. This is because any private health insurance held overseas does not contribute to the support of community rating, as Australian private health insurance is required to do. Community rating requires Australian private health insurance funds to charge everyone the same premium regardless of health status and claims history. This ensures that health insurers cannot charge the elderly and the chronically ill a higher premium.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.