So, you’re thinking about private health insurance and maybe you’ve got a few questions? Don’t worry, we’ve got you covered on all you need to know and what you need to do if you change your mind.
Changing Your Mind About Private Health Insurance?
- Don’t Stress, You Have 30 Days: You can make changes to your policy within 30 days without any hassle, as long as you haven’t made a claim. This means you won’t have to go through waiting periods again if you decide to upgrade your coverage. This cooling off period gives you peace of mind that you’ve made the right choice.
Switching Providers Made Easy:
- Your New Provider Handles It: If you decide to switch to a new private health insurance provider, they’ll handle the transition for you. They contact your old insurer, cancel your old coverage, and ensure your waiting periods carry over. Plus, your previous insurer will refund any advance premiums you’ve paid.
Waiting Periods and Policy Changes:
- Check with Your New Private Health Insurer: Waiting periods transfer with you when you switch insurers, so you never have to re-serve a waiting period. If you’re upgrading to services not covered in your previous policy, you might have to wait for a bit before you can claim these benefits.
Cancelling Private Health Insurance:
- It’s Easy: Cancelling your private health policy is a straightforward process. Depending on your provider, you might need to call them, fill out an online form, or use an online portal to notify them about your cancellation. If you cancel, your private health fund will refund any advance payments you’ve made.
Need Help Deciding?
If you’re still unsure and want to compare the best health coverage options, our team is ready to assist you. Just give us a call at 1300 861 413 or shoot us an email at hello@health.compare We’re here to help you find the perfect private health insurance policy tailored just for you.
