WorksheetsOVHC Excess 2
Total questions: 10
Worksheet time: 5mins
What is happening on 6th July 2021?
Nothing, it's just another day.
Go Live date for Hospital Excess and Rate Changes
Go Live date for Hospital Excess ONLY
Go Live date for Rate Changes ONLY
The waiting period when upgrading from a $500 excess product to a nil excess products is:
There is no wait period
12 months
2 months only
2 months, unless PEC or pregnancy, then 12 months wait
What is the benefit of adding a Hospital Excess?
The cost of the policy premium is reduced which can save the member money.
Member's get admitted to the hospital quicker with an excess.
There is no benefit.
Members can have piece of mind knowing they are on the highest level of cover.
Members on which visa type are eligible to add a Hospital Excess?
All Visa Types
Eligible Visitor Visas Only
Eligible Working Visas Only
Eligible Bridging Visas Only
If a member wishes to downgrade to an Excess product, they must:
Request over the phone.
Send the request in writing.
Do nothing, all policies will automatically downgrade on 6th July.
Terminate their current policy and re-join on an excess product.
If a member is admitted for an overnight stay, but they have already paid a same day stay $250 excess, how much will their excess be now?
$500
They won't pay an excess
$750
$250
Why are rates changing for products that aren't affected by an excess?
The products were too cheap.
So Allianz products can be the most expensive in the market.
To stay competitive in the market and account for health costs inflation.
The rates are not changing for Nil excess products.
Can I lock in my current premium rate?
Yes, you can pay up to 12 months in advance from today, until close of business on 5th July 2021
No, you can only pay up to 6th July 2021.
Yes, you can pay up to 3 years in advance.
No, rate locks are not permitted.
Which levels of cover are decreasing in price?
Standard Visitors
Dual and Family Standard Working
No levels of cover are decreasing in price
Budget Working
How do I pay the Excess amount, and can I claim it back?
Pay the excess to Allianz and you can claim it back with a claim form.
Pay the excess to Allianz but you cannot claim it back.
The excess is paid to the hospital at the time of admission and you cannot claim it back.
The excess is paid to the GP but cannot be claimed back.
