Temporary Graduate visa (Subclass 485) Health Insurance Requirements

Many International students studying in Australia enter a very exciting phase in their life when they graduate from their course and apply for their temporary graduate visa 485.

Students generally have a short time span of 2 months to plan for this visa as there is a necessity to lodge the 485 visa application before their student visa will expire. With such short time span to plan, it could be difficult to figure out health insurance requirements for 485 visa.

Don’t worry! We are here to help. The information here will educate 485 applicants about insurance requirements and help them select the best policy as per their health care and visa needs.

The OVHC:

All 485 visa applicants are required to purchase an Overseas Visitor Health Cover (OVHC) to meet their visa requirements. 485 visa applicants of both graduate Work stream and post study work stream have to satisfy visa condition 8501 which mandates to buy the health insurance policy. The visa condition 8501 states that applicants should demonstrate that they have adequate arrangement for health insurance for the entire period of their stay in Australia.

Ok, what is considered an adequate health arrangement by the Department of Home Affairs?

Your OVHC health insurance policy for 485 visa must at-least cover benefits equivalent to

  • public hospital treatment in an Australian State/Territory
  • surgically implanted prostheses
  • pharmacy – Pharmaceutical Benefits Scheme (PBS) listed drugs
  • medical services, and
  • ambulance services, including inter-hospital transfers.

Within the above specification, TR applicants can choose from a range of OVHC policies available in the market. But narrowing down to the right policy simply depends on the policy buyer’s health care needs.

Types of OVHC policies available in the market:

You can choose from

A Low Range cover - Covers yourself and your families’ ambulance and hospital expenses. These policies also cost the lowest.

A medium range cover – Depending on the insurance provider, this level of policy will cover for Out of Hospital treatment (GP’s and specialist Doctor services) other than Hospital expenses and some prescription medicines. These policies costs in the median range between AUD 105 – $250 for a single cover policy.

A Top Range cover - More comprehensive coverage for private hospital treatment than the above two covers with more options of receiving benefits towards dental, optical and physio treatments (Extent of coverage vary according to the Insurance Provider). A top range cover is more expensive compared to the other two.

IMAN, Allianz, Australian Unity, BUPA are leading Australian Health Insurance Providers that provide policies of all ranges from standard to comprehensive coverage.

OVHC insurance policy also comes with auto-debit option:

Unlike an OSHC policy, the visitors and workers health cover (OVHC) does not demand of the policy buyer to pay the premium in full for the entire duration of stay. You can opt for an auto-debit option with your Health Insurance provider on a weekly, fortnightly, monthly or a yearly payment basis.

Lastly always Compare and buy:

It is always good to research and get the best insurance policy that suits your health care needs and budget. Choosing the right policy using a comparison resource like www.getmypolicy.online will help you save time, effort and most importantly money. Opting for the policy that aligns with your health needs now will help you save money at the time of purchase and the overhead costs if you are in need of medical treatment at a later stage. You can get fast quotes, complete the purchase online and get Visa letter within minutes. Make your OVHC policy purchase hassle free through www.getmypolicy.online
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