Breaking Down the Coverage Options of 476 Visa Health Insurance

• byBudgetpolicy
• 2023-07-31

Australia tops the list of popular destinations for international students to study and work. After all, it has a lot on its plate to offer - an excellent education system, world-class universities, a diverse and inclusive society, high quality of life, stunning natural beauty, a multicultural environment, and opportunities for career growth and development.

Students from all across the world come here to pursue their higher studies and extend their stay to work and make themselves settled. One such visa is a 476 visa, which allows you to study, live, and work in Australia for a better future.

What is a 476 Visa?

The 476 visa for Australia, also known as the 476 Skilled Recognized Graduate Visa, allows recent engineering graduates from eligible countries and renowned universities to gain work experience in Australia for up to 18 months. It provides an opportunity to enhance skills and potentially explore other visa options for a further stay.

What are the Visa Requirements for 476 Visa?

To be eligible for a 476 visa, you must hold an eligible degree in engineering at least in two years of time after filing the visa application. Although, the minimum educational requirement to hold this visa is a graduation degree but still, you must have studied a major in an engineering discipline. Your major subject in your graduation can include:

·         Civil Engineering

·         Structural Engineering

·         Mining Engineering

·         Electrical Engineering

·         Environmental Engineering

·         Chemical Engineering

·         Mechanical, Production, and Plant Engineering

The next most important thing to ensure is that your degree should be from a renowned and esteemed institution and not just any. Followed by, a proof of proficiency test in the English language unless you are a holder of a valid passport from the United Kingdom, the United States of America, Canada, New Zealand, or the Republic of Ireland.

Coming to the crucial part of the 476 visa requirement – health insurance. When you are applying for a visa to Australia, you have to buy adequate health cover. Your visa will not be approved unless you have bought a health cover. Your health insurance must meet your healthcare needs and cover all the medical treatments or services that you may need during your stay in the country.

What is Australia’s Health Cover?

Medicare is Australia’s famous public health care system. It helps you in covering your hospital expenses however; many out-of-hospital services are excluded from the cover. The out-of-hospital services are known as extras or ancillary and include the following services - dental, optical, and physiotherapy. While you may buy Medicare, usually many students and visitors, go for private health insurance. There are two types of private health insurance - overseas student health cover or OSHC and overseas visitor health cover or OVHC.

What are the Health Requirements for the 476 Visa?

You need to have some form of overseas visitors health cover - OVHC. Your OVHC health insurance will cover many medical services as well as prescribed medicines. You can choose the level of health cover you want depending upon your healthcare needs and budget. Major Australia’s providers of OVHC are:

·         Nib

·         AHM

·         BUPA

·         Medibank

·         Allianz, and more.

Before signing up for any OVHC for 476 visa, ask your health insurance provider if it is worth it or not. Compare prices of all the policies provided by different providers to ensure buying the right health cover.

Even OVHC has different plans from a basic plan to a premium plan. Your basic health cover will cover the cost of doctor visits, prescribed medicines, and likewise. Whereas, you will get more coverage under premium health plans.

Further, you will have to pass a medical examination to meet the 476 visa health requirements. This is to ensure that the applicant is healthy and free from any severe diseases like tuberculosis, HIV, and other communicable diseases. Therefore, it is important to meet Australia’s health requirements to be granted a visa.

The Bottom Line!

Are you applying for a 476 visa? Have you bought health insurance? Your search for the right health cover for your 476 visa ends here. Budget Policy is associated with top health insurance providers in Australia. You can compare your health plans and choose the one that suits your healthcare needs well.

Get in touch with us today with our experts and take home your 476 health insurance!