nib extends the maximum age of non-student dependants to 31

nib Group (nib) has increased the maximum age of non-student dependants
covered under private health cover from 24 to 31 years of age, to continue to
keep health cover affordable and accessible for members.  

The change, which comes into effect from 1 October 2022, will provide
more families with greater peace of mind, knowing a dependant is covered under an
existing policy.

“This reform aims to provide greater access to, and improved affordability of health insurance for young people,” said nib Chief Executive, Australian Residents Health Insurance (arhi), Ed Close.

“While the changes are voluntary for health insurers, nib is eager to introduce the
reforms, beginning with extending the age of non-student dependants to 31.

If members choose to continue their health cover after their 31st birthday, they can take out their own policy and avoid the lifetime health cover loading, Mr Close said.

To continue to provide value for cover for nib’s younger members, nib also offers a range of aged-based discounts and health and lifestyle rewards for all members.

These include up to 10% off hospital cover for those aged between 18 and 29. nib’s member rewards program also offers discounts on some of the biggest brands Australia-wide, including Woolworths, Hoyts, JB Hi-Fi, Priceline, New Balance and more, Mr Close said.

“It’s our way of helping members get more out of their health cover and save on everyday items,” he added.

To date members have saved around $1.3 million accessing discounts off groceries, fuel and other everyday expenses.

nib will contact eligible members[1] about the change to their cover. Members can also visit nib.com.au/contact-us/ to find out more, including eligibility.

[1] The changes apply to Australian Residents Health Insurance members only, including nib whitelabel partners. Eligibility criteria for non-student dependants applies.