Important changes to private health insurance
In 2017, the Federal Government announced some big changes to private health insurance that will help with affordability and transparency, and provide better access to mental health services.
What’s changed so far
From 1 February 2018 the minimum benefits payable for almost all medical devices listed on the Prostheses List (e.g. for surgically implanted prostheses, human tissue items and other medical devices) have been reduced. This is estimated to deliver around $188 million in savings for members across the private health insurance industry this year.
Mental Health Reform
From 1 April 2018 the Mental Health Waiver (Waiver) will allow a person with hospital cover to access in-hospital Psychiatric Services without serving the usual 2 month Waiting Period. To access the Waiver you need to have:
- private hospital cover, and
- served your 2 month Waiting Period on Restricted in-hospital Psychiatric Services, and
- upgraded to a hospital cover that has Included in-hospital Psychiatric Services
The Waiver can be used once per person in a lifetime. To access the Waiver, you’ll need to call us on 134 236 or live chat with us.
What's in store next year
Here's a quick look at the changes coming on 1 April 2019. We'll give you more info about what these changes mean for you closer to the time (as some of the nitty gritty detail is still being worked on by the Government).
To find out more, The Department of Health has the full list of reforms, as well as a handy fact sheet overview.