A Single Parent's Healthcare Insurance Policy
Updated On May 15, 2022
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Many health insurers offer policies designed for single parent families, which generally have lower-rate premiums compared with two-parent family cover. However, the way a dependent is defined by your policy can vary between providers.
Some health funds that offer single parent family cover may allow a full-time student to remain on the cover until 25. However, if your adult child ceases studying once they turn 21, some funds will require your adult child to take out their own singles cover. Some policies will allow adult dependents to remain on your cover regardless of student status for an additional premium.
Do I Need Private Health Insurance As A Single Parent?
If you’re a parent, we don’t need to tell you that life is full of surprises. With children comes the unexpected, and knowing they’re covered privately should medical treatment be required is a huge weight off your mind. But it’s not just them you need to factor in. Especially as a single parent, making sure that you’re also covered should anything unfortunate happen is worth considering.
Do Single Parents Pay Less For Private Health Insurance?
Since 2007, health insurers have been able to offer single parents reduced rates. It still pays to shop around, but you should find that any health insurance provider that does offer single parent health insurance provides a reduced premium for a comparable package as a two-parent family.
What Private Health Insurance Rebates Are Available For Single Parents?
The good news is that many people in Australia are, in fact, eligible for a rebate on their health insurance costs. The Government Private Health Insurance Rebate is specifically designed to help cover some of the costs of health insurance, including for single parents.
Further to that, the rebate is income-tested and applies to hospital and general treatment cover. The rebate threshold is increased for each child after the first.
Conclusion
Hopefully this article will have given you a better picture of what’s available, but if you’re a single mum or dad looking for a good value cover for you and your family, our friendly team would love to help.
Also read- What Is Health Insurance Restore Or Refill Benefit?
The Following Is A List Of Diseases That Are Covered By Our Medical Insurance.
