Bupa lifts age of dependants up to 32 to support young Australians
Bupa has today announced it is the first major health insurer to lift the age that dependants can remain on their family policy from 25 up until their 32nd birthday.
Bupa Health Insurance Managing Director Chris Carroll said the change would come into effect from September 1 and help ensure more young Australians had greater access to private health insurance, while remaining affordable.
“The pandemic prompted many young people to revaluate what’s important to them, and their health and wellbeing have emerged as clear priorities,” Mr Carroll said.
Helping young Australians remain covered under their parents’ policy up until they turn 32 provides them with more flexibility over their health cover and more time to find their feet as they complete their studies, pay off HECS debt and enter the workforce.
“This policy change will not only have financial benefits for young Aussies who are facing increasing cost of living pressures, but it will also help support ongoing participation in private health – a critical factor in keeping it affordable and accessible for the rest of the community, while taking pressure off our public system which remains under stress.”
Mr Carroll said the change would take effect on September 1, so customers did not need to take any action or contact Bupa until then.
“For some dependants it will make sense to re-join their parents’ policy; for others, the option to take out or remain on singles cover may be preferrable to attain the right level of cover with the right inclusions, all while taking advantage of age-based discounts on their premiums,” he added.
For further information on Bupa’s age of dependants please visit here.