500 Student Visa

500 Student Visa Health Insurance

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500 Student Visa

Student Visa (Subclass 500)

The holder of a Student Visa (Subclass 500) can undertake a CRICOS-registered full-time course in a recognized educational institution in Australia. The subclass 500 student visa can be applied online from inside or outside Australia. It allows the student to stay in Australia for the entirety of their course or for up to 5 years. The holder of a student visa is allowed to bring along eligible family members to Australia.

In order to be eligible for this visa, the candidate must be enrolled in a course of study in Australia and have a valid OSHC (Overseas Student Health Cover) policy. However, there are other additional eligibility criteria for this visa.

Once in Australia on a study visa, the student can work up to 40 hours every 2-week period once their course commences.

Student Visa Health Insurance is Mandatory

As per the guidelines of the Department of Home Affairs in Australia, the students (and family member(s), if accompanying) must possess and maintain adequate health insurance for the entirety of their stay in Australia. A valid OSHC ensures the international students meet the costs of medical and hospital care during their stay in Australia. The OSHC also covers for pharmaceuticals and ambulance services.

At Budget Policy, you get a comprehensive list of insurance policies to suit all your needs.

Health Insurance


Though we have tried to answer most of the questions here, please feel free to get in touch with us if you can’t find what you are looking for!

01. What if I have a family or dependents?

If you have bought the single policy, your family or dependents will not be covered. To include them in the policy, you need to buy an OSHC policy for your family members, de-facto partners any child or stepchild who is unmarried and below 18 years. OSHC also provides extra coverage for families.

02. What is direct billing?

Direct billing is when your GP charges MBS Fee on visiting him. Many doctors or GPs have links with OSHC providers to bill directly for the full MBS Fee. Here, you do not have to pay any amount, rather the fees will be entirely covered under your policy at that moment.

03. What if I have a pre-existing condition?

OSHC benefits are many, including coverage of your dependents or family members with a pre-existing condition, signs and symptoms of the illness or condition existing within 6 months before your or your dependent’s or family member’s arrival in Australia on a student visa. However, for pre- existing medical conditions, pregnancy-related services, and childbirth, you will have to wait for 12 months, meaning, if you happen to be in any of these situations at the time of your waiting period, you will not be covered for those 12 months. For a pre-existing condition of a psychiatric nature, you will have to wait for 2 months.

04. What happens if I do not keep my OSHC current?

The Department of Immigration & Border Protection needs student visa holders to maintain their OSHC Australia policies well. This means that, if your health insurance is expired before its renewal, you will be in breach of your visa conditions. Therefore, it is essential to renew your OSHC policy before its expiration and payback for any period that your medical bills were not covered by OSHC.

05. What about cover for dental care and prescription glasses?

There is OSHC coverage limits when it comes to medical treatments such as dental services, prescription glasses, physiotherapy, and chiropractic. Here, you will need to buy an extra cover or a specific plan which already includes coverage for these medical services.

06. Why do I need OSHC?

OSHC visa requirement is a basic yet essential requirement for an international student visa. You need to buy it before applying for your visa and keep it with you until your stay in the country.

07. What is OSHC?

Overseas Student Health Cover popularly known as OSHC, helps you cover your hospital and medical bills which may occur while you study in Australia.

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