Whether you’re an Australian student studying locally or live somewhere else, but have decided to continue your education here, you probably know how important it is to be protected from illnesses and injuries.
How To Find The Best Student Health Insurance
Whatever your needs are, this article will help you find the most affordable student health insurance, one that is suited to your budget and your needs.
Understanding student health insurance
Medicare is a tax-funded insurance program providing free treatment in public hospitals to all Australian residents. As the cheapest health insurance in Australia, payments to health professionals are either free or subsidised, depending on the services received.
If you are coming to study in Australia and are looking for private student health insurance, you will need to apply for Overseas Student Health Cover (OSHC). It is important that the policy you choose should cover you for the entire length that your student visa is valid for.
Why do students need health insurance?
As a student, purchasing health cover while in Australia is a pre-requisite, regardless of whether you are insured back in your home country or not. A penalty fee of 2.5% of your household income or $695 per adult and half of that per child, is charged if you do not have private health insurance
Different student types
As a student, you will fall into one of the following categories:
- Full-time student
- Part-time student
- International student
- Local bursary student
- Short-term student
- Long-term student
- Early to late twenties
- Older student: 30+ years old
Despite your student type, student health cover is non-negotiable. However, if you are a student from Norway, Belgium or Sweden, OSHC is not a pre-requisite for your visa requirements. This is simply because the Australian, Norwegian and Belgium governments have agreed that the RHCA (Reciprocal Health Care Agreement) between these countries has provided adequate health insurance for their students.
International student health insurance
In addition to OSHC, you might want to consider taking out private health insurance to prove protection for things that OSHC does not cover. Be aware that benefits, membership costs and eligibility can vary a lot between health insurance companies.
Australia has 19 reputable health insurers to choose from: nib, Bupa, HBF, HCF, Allianz and Medibank to name a few. Not only does each of these insurance companies have a long, reliable history, they also all offer services specifically catered toward international students.
Australian companies offering cheap student health insurance
AHM, Bupa Australia, Medibank Private, Allianz Global Assistance and NIB all offer affordable student health cover.
FAQs about health insurance for students
What is the best student cover?
When planning to study in Australia, you will want to find the most affordable student health cover. It might want to also purchase private health insurance in addition to your OSHC. This will greatly improve your health insurance benefits. Medibank, Allianz, AHM, Bupa and nib are all good options for affordable student health insurance in Australia.
How do I purchase my student health insurance policy?
Your Student Health Policy can be purchased online or through your educational institution. Visit any OSHC insurer’s website for online assistance. Alternatively, arrange with your educational institution to help you purchase directly through them. Although they may have a pre-negotiated arrangement with a particular insurer, you still have the right to choose your preferred OSHC provider.
Does student health insurance cover pregnancy?
Yes, student health insurance does cover pregnancy. However, this must comply with one of two conditions. You will either need to be on Essentials OSHC Policy with a student visa of three months or more or only fall pregnant once the 12 month waiting period has ended if you’re on OSHC Standard Cover.
Does student health insurance cover dental?
Yes, student health insurance does cover dental. Dental treatment, optical and physiotherapy are referred to as general treatments. However, your coverage will depend on the type of OSHC offering you have purchased. To find out exactly what general treatment your OSHC covers, carefully read through your documentation.
If you need assistance in your search for the best and most affordable student visa health insurance, it might be worth comparing some quotes.
- We reveal the average cost of private health insurance in Australia and list some of the companies with the cheapest Basic Hospital and Extras policies.
- 13 Factors to consider when choosing health insurance. Make an informed decision and buy with confidence using our guide to shopping for health insurance.
- We answer all your Medicare bulk billing questions, so you can feel confident knowing what bulk billing means and how to find a bulk billing doctor near you.
- Discover how ambulance services work in Australia, from NSW to Western Australia. Compare ambulance cover from leading health insurers & protect your family
- Discover how hospital only cover works, what's included and whether you need it. Plus, we reveal some of the cheapest hospital insurance policies available.
- 7 Reasons why you might need ancillary cover. Your ultimate guide to understanding extras health insurance. A list of benefits provided and how to claim.