If you are contemplating studying abroad, you should be aware that some countries may insist on student health insurance coverage. Even if they don't, considering the exorbitant medical costs in foreign countries, having student health cover is prudent to avoid financial burdens while studying abroad. These health insurance plans typically cover pre and post-hospitalisation expenses, prescription medicines, and the cost of surgeries.
Students who purchase health plans from foreign countries while studying abroad will pay heavy premiums. Getting coverage under the best health insurance plans in Australia can be more economical.
So, students studying abroad or planning to study abroad should have a student health cover to avoid additional financial burdens.
Funding medical emergencies can be a huge financial burden while studying abroad. To be worry-free, knowing that your health and well-being are taken care of, you should purchase health insurance plans while studying abroad. There are two types of health plans, and they are:
Overseas Student Health Cover is a health insurance plan designed for international students studying abroad. It is a complete coverage for expenses incurred comprising pre and post-hospitalisation coverage, and prescription medicines. This student health cover ensures that the students have access to quality healthcare services in their host country. It offers peace of mind and financial security against any unexpected medical costs that may arise. This is a mandatory requirement by some universities and visa regulations. It reassures the students and their families that their health needs are taken care of while they focus on their education.
Overseas Visitor Health Cover is designed especially for visitors to Australia who cannot access the Australian public Medicare System for any hospital or medical costs. The eligibility criteria, premiums, and benefits for various health insurance plans under OVHC differ. Most plans, however, cover hospital expenses and a portion of the doctor's fees. To avail of the services of dentists, physiotherapists, and optometrists, you can purchase a General Treatment Cover in addition to OVHC.
OVHC is mandatory to comply with visa regulations. Apart from that, several other benefits make it a requirement for students studying abroad. They are:
Buying the best health insurance plan you should not forget before you fly abroad for studies. Choosing the best plan from the host of policies under the OSHC can be overwhelming. But considering the following can help you shortlist the plans.
Each country and university may have different requirements concerning the OSHC. Check and ask about it before you decide to purchase a plan. Most countries insist on OSHC before commencing the course. The requirements may also vary depending on the type of visa issued.
After you are clear about the insurance specifications, you research and compare the plans available. You should consider the coverage offered as well as the exclusions. Also, consider the amount that goes into the benefits. Most plans offer coverage for pre and post-hospitalisation expenses, doctor's visits, medical checkups, evacuation, repatriation, prescription medicines, etc. Seek the advice of any insurance agent if necessary.
Read between the lines to avoid surprises. Look for what is excluded, waiting period, hidden limits, etc., that are normally mentioned in the terms and conditions.
You can buy a health insurance plan online by accessing the health insurance provider's official website within a few minutes. However, for more clarity about the best insurance providers in your host country, you can take the assistance of Studyleap.
Studyleap coordinates with the best insurance providers across the globe. Whichever country you choose to study abroad, Studyleap will help you get the best insurance providers who offer:
The team will help you compare policies and get the most relevant and affordable student health coverage for you.
Book a Free ConsultationAs per the visa regulations and specific university/country requirements, students going to foreign countries for studies should have a student health cover. This will take care of their healthcare expenses and provide access to quality treatments during their stay abroad. They have to comply with the following eligibility criteria to purchase the health insurance plan.
Should have a student visa for the duration of their stay in the foreign country.
They should have an admission letter for a full-time course study from an approved University.
The student health cover should be for the entire duration of their stay in the country.
The age criteria vary with the insurance provider. The student should meet the age criteria specified by the respective insurance company.
If any family member is accompanying the student, insurance coverage will be required for the partner as well.
Our team will help you get the most relevant and affordable student health coverage for you.
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