Are you an overseas student planning your journey in Australia? If so, finding the right overseas student health cover can be an overwhelming task, given the countless options available out there.

However, worry not, as we have simplified the process for you, providing insights on choosing the best cover, and comparing different private health insurance options in Australia.

Overseas Student Health Cover

There is no room for underestimating the importance of having overseas student health cover while you are studying abroad. After all, the insurance ensures you can access a wide range of health services immediately without bearing the cost from your pocket.

So, what is the process of choosing the right OVHC insurance? How to compare with major providers? We have answers for all. Keep reading.

Choosing the Best Overseas Student Health Cover
There are several factors to consider while buying health insurance. Firstly, you need to assess what services are being covered. Does your cover include hospital care, general treatment, or both? Secondly, what are the out-of-pocket costs?
Lastly, do the premiums fit within your budget? Also, you need to be clear on the fact that the cheapest option might not always be the best. Clarify these things before actually buying an OSHC plan. Let us delve deeper and understand how to compare health insurance.

Comparing Private Health Insurance in Australia

In Australia, leading providers of private health insurance include BUPA, Medibank, Allianz, AHM and Nib. Choosing between them is critical as each of the providers has their own share in the market.

However, we have still jotted down a few important points to help you decide a better cover. Have a look!

BUPA VS Medibank

BUPA offers detailed coverage for hospital and medical costs with no excess for children. Isn’t it interesting? However, that is where Medibank matches them, offering similar features along with added emergency ambulance services. You see here, how one feature changed the whole game. Now, it is up to you whether or not to make the use of that one additional feature or be satisfied with whatever is being provided.

Medibank VS Allianz
With Allianz, you can enjoy 100% coverage for in-hospital General Practitioner visits, matching the offerings of Medibank. However, Allianz again changed the game by adding a cherry on top by offering 24/7 phone access to medical support. A tough choice, indeed!

Allianz VS Nib
Lastly, we have Allianz and NIB, both are excellent health insurers in their own ways. This is why the competition is fierce when it comes to Allianz and Nib's offerings. While Allianz boasts 24/7 medical assistance, Nib provides faster claim times, a must-have feature for those who value prompt service.

How Private Health Insurance in Australia is better than Public Health Insurance?

Deciding the type of health insurance to choose can be daunting. Australia, like many other countries, offers two main types of health insurance: private and public. But, what makes them different from each other? How do they compare? Let us have a closer look at it:

Waiting Time and Elective Surgery
One of the primary benefits of private health insurance is faster access to elective surgery. Public health insurance may have longer waiting times due to the prioritization of emergency and critical cases.

Choice of Doctor and Hospital
With private insurance, you can choose your preferred doctor and hospital. The option is not necessarily available with public insurance where the medical team is assigned based on availability.

Coverage
Private health insurance covers services that are not included in public health insurance, such as physiotherapy, optical, and certain types of dental care.

Cost of Insurance
Public health insurance is typically cheaper as compared to private health insurance, but private health insurance comes with additional OSHC and OVHC benefits.

In Summary
While choosing the best overseas student health cover, always look out for the inclusions, out-of-pocket costs, and premiums. These things will help you the most in choosing the right cover.

Budget Policy is a leading one-stop solution for all your healthcare needs in Australia. Associated with top OSHC and OVHC providers, you can save big on your health coverage. So, why wait? Get in touch with our team and allow us to help you in the best way possible.