Everything you need to Know about Accident Health Insurance under OVHC

• byBudgetpolicy
• 2023-06-13

Accident insurance refers to paying for medical expenses as well as other out-of-pocket expenses incurred after an accidental injury. The expenses include emergency treatment, hospital stays, and medical tests, along with transportation and lodging needs if any.

Accident insurance covers the gap for you that is between medical insurance and other policies like workplace or vehicle insurance. The following blog will allow you to have a closer look at what accident health insurance for Australia is and why it is essential.

What is Accident Insurance?

Imagine you are on a visitor visa in Australia and encountered an accident. Here, you will need immediate medical care, and not forget that the Australian healthcare system is very expensive. Not everyone can afford it, especially if you are on a tight budget.

Moreover, while applying for your visitor’s visa, buying overseas visitor health cover is mandatory so that you can pay your medical bills if required and not burden yourself with huge bills. In simple terms, accident health insurance under OVHC provides protection to the concerned person when they meet with an accident.

The policy you buy will state whether minor damage is covered, major injuries, or both. However, the policy will not cover any sort of vehicle damage or cause if you are responsible for the accident.

How does Accident Insurance Work?

Accident insurance protects you from any financial burden that you may incur due to the accident. The coverage can be from hospital payments to physiotherapy, or other services that are usually not covered under the general health insurance policies. Therefore, we suggest you add on the extra benefits and buy the policy that covers you for accident injuries as well.

Did you know that accident insurance payouts come in cash, relieving you from the financial burden that you incur during (or after) an accident? Furthermore, there is no waiting period, so you get the claim instantly. Different accident insurances cover different injuries – minor or major. Thus, it is essential to know well about what the policy includes and what coverage it will pay for.

What Does Accident Insurance Cover?

Accident insurance covers medical expenses for injuries including a broken limb, loss of a limb, burns, lacerations, or paralysis. Whereas, at the time of accidental death, the money goes to your designated beneficiary.

Accident insurance is most helpful when it is bought together with a major medical plan – general health insurance. As mentioned earlier, your accident insurance will take care of expenses not included in your medical plan. As well as, it will cover non-medical costs including mortgage, rent, utility bills, and other daily expenses.

Why is Accident Insurance Important?

Enlisted are a few reasons for why an accident insurance policy is important:

·         Accident insurance covers expenses that are otherwise not included in your general medical insurance. For instance, if you need rehabilitation services or a wheelchair or crutches, you are required to get medical care first.

·         Medical insurance coverage can sometimes be discriminative as it refuses to pay for injuries due to pre-existing conditions. Whereas, there is no such limitation in accident insurance coverage.

·         Accident insurance can cover you for the time you are not able to work if you are self-employed and do not have sick days or workers’ compensation under your employment.

·         With the right accident health insurance, you are free from worrying about injuries keeping you from working. You can move on with your normal life knowing you have additional coverage to pay for your accident bills.

·         Unlike medical insurance, accident insurance is inexpensive.

Find the Right Plan for You!

The specialized health insurance providers at Budget Policy are professional and qualified to assist you in finding the right accident insurance or other insurance plans like OSHC or OVHC policy depending upon your visa requirements.

We offer the best expertise, and knowledge, and have experts with good years of experience, therefore, you can rest assured that we can help you find the right plan that fits best your needs and that too under your budget.

You can reach us through our website or send us a quote, and we will have our representatives get in touch with you to provide the best solutions.