This is often the first thought that comes to mind for many individuals planning to study or work in Australia. To meet visa requirements, they must hold OSHC (Overseas Student Health Cover) or OVHC (Overseas Visitor Health Cover), but many opt for the cheapest option without considering their actual health coverage needs.
The tendency to choose a plan based on affordability rather than adequacy can lead to inadequate support in case of emergencies. That's why it's crucial to carefully evaluate your options before purchasing or renewing your health insurance policy - only then can you select the most suitable one for yourself and your family.
Let’s explore the six most common mistakes people make when purchasing OSHC or OVHC policies, so you can avoid them and make an informed decision:
1) Prioritising Price Over Coverage
It's natural to consider cost when making a purchase. However, unlike regular products or services, health insurance is meant to protect you during medical emergencies, which can be financially devastating without proper coverage.
Choosing a plan with limited coverage just to save money can backfire when you’re already dealing with a health crisis. Always evaluate what’s included in the plan - your future self will thank you.
2) Settling for Basic Coverage Only
Many individuals opt for the most basic plan just to fulfil visa requirements - without realising that basic doesn't mean sufficient.
A truly helpful plan should go beyond the essentials. Look for features like:
The cost of an upgrade is often marginal compared to the protection it offers.
3) Skipping the Fine Print
It’s easy to overlook the details, but not reading the policy document thoroughly can lead to major issues during claim settlements.
Fortunately, most insurers offer a 15-day 'free-look period' - giving you time to review your policy in detail after purchase. If you find any discrepancies or terms you’re uncomfortable with, you can cancel the policy within this period and receive a refund based on the insurer’s terms and conditions.
Make sure you read every clause and condition before proceeding.
4) Hesitating to Switch Providers
Some policyholders stick with the same insurer out of habit, even if better options are available.
But loyalty should not come at the cost of better coverage. If another insurer is offering more value, benefits, or affordability - don’t hesitate to switch.
5) Hiding Medical Conditions
Never hide any medical history or pre-existing conditions from your insurer.
Doing so may result in claim rejection later, even during emergencies. For example, if you fail to declare a chronic illness and are later hospitalised for related treatment, your claim could be denied - leaving you to bear the entire financial burden.
Transparency is essential when applying for or renewing a policy.
6) Delaying Policy Renewal
International students and visitors in Australia are required to maintain continuous health coverage during their stay. Delaying the renewal of your OSHC or OVHC can:
To avoid these complications, renew your policy well in advance.
Must Read: Why Renewing OSHC & OVHC is Significant to Ensure a Continuous & Stress-Free Stay in Australia?
Whether you're travelling for a few weeks, studying for several months, or planning to stay for years - choosing the right international health insurance is key to ensuring peace of mind.
The mistakes listed above are commonly overlooked but can have serious consequences. Take time to compare plans, read the fine print, and understand your real needs before deciding.
If you're looking to compare and buy the right health insurance policy, www.getmypolicy.online is your go-to platform. It allows you to explore plans from top providers like Allianz Care, Bupa, nib, and Ahm, helping you pick the one that meets both your personal and visa requirements - all in one place.
.svg)
.svg)
.svg)
%201.svg){kind=icon}
.svg)
.svg)
%202.svg)
.svg)
.svg){kind=icon}
.svg){kind=icon}
.svg){kind=icon}
.svg){kind=icon}
