Doing Health Insurance in Australia
As a foreign student in Australia, you need insurance that is called Overseas Student Health Cover (OSHC) and covers you for the duration of your studies in Australia. However, there are other types of insurance that could be useful to you.
Overseas Student Health Cover
Foreign students who undertake a formal course of study in Australia, as well as their relatives (spouses and children under the age of eighteen), must obtain an OSHC. This type of insurance includes coverage for medical examinations, ambulances and some basic pharmaceutical products . OSHC can also supply a wide range of optional products. The possibilities vary from a basic package, which includes the mandatory services listed above, to more complex packages that include services specified in detail in the policy. On the Department of Health website you can find more information as well as a list of the agencies providing the policy and average costs. Remember that the Immigration Department requires international students to maintain the OSHC policy for the duration of their stay . On their website you will find other detailed information.
Private health insurance
Together with your OSHC you can consider the option of purchasing private health insurance to cover all those occurrences not included in the OSHC. You can take out a private policy just for yourself or include one or more members of your family. Benefits, enrollment fees and eligibility requirements can vary greatly from policy to policy , so always make sure you choose the product that best fits your needs. You can find additional information on the site: www.privatehealth.gov.au.
Australia has a very well developed tourist sector however canceled flights, lost baggage or other unforeseen eventualities can still occur. If you are traveling with valuables or according to a timetable that you must follow, travel insurance can help you cover any small mishap or canceled flight . You can get travel insurance through a number of agencies including companies that specifically deal with this, airlines and travel agencies.
Insurance on the house and its contents
The insurance on the house and on what it contains covers both the building in which you live and your properties such as furniture, clothes and appliances. If you rent a property, building insurance is the owner’s responsibility and you don’t have to worry about it. However, you should still consider content insurance especially if you have valuables that you could not easily replace if something happened to them.
If you buy a car, a motorbike or any other vehicle, you will have to consider what kind of insurance to take out. Depending on the state or territory of Australia you are in, there may be some types of mandatory insurance that you will need to purchase. For example, in New South Wales you have to purchase the Compulsory Third Party policy which covers you for personal injury caused to someone else in the event of an accident. You should check with the competent government agency of the state in which you are located if there is a mandatory policy to buy and which one is. You can also choose to purchase insurance on the vehicle that protects you from accidental damage, intentional damage, theft, fire, floods and storms. There is a large number of agencies in Australia that provide vehicle insurance so make a thorough search to best evaluate all your options and consider your specific insurance needs before purchasing your policy.