HCF, one of Australia's top 10 private health insurance (PHI) providers for 2022, will increase the age of adult dependents on family policies from 25 to 31, thanks to recent government reforms.
Specifically, HCF will extend cover for adult children on family policies as student dependents if they are single full-time students until they turn 31 or cease full-time study. In addition, adult children relying on their parents for maintenance and support and are single may be covered until they turn 31 years old with Extended Family cover.
HCE CEO Sheena Jack commented that the insurer extended its cover for adult dependents to make insurance more affordable.
“We know that cost of living pressures are mounting for all Australian families, and that means the typical household dynamic is changing,” Jack said. “More and more young adults, particularly in capital cities, are staying at home with their parents to help ease the burden of cost pressures while studying or establishing early careers. This age increase is one way that we can help make healthcare more affordable for those younger members.”
Read more: HCF funds new health research projects
HCF aims to continue making healthcare understandable, affordable, and high quality.
“People are more aware than ever of the importance of protecting their health while seeking great value cover. With this change, we're pleased that we'll now be able to further help support more Australians with peace of mind when it comes to their health,” Jack said.
Aside from boosting its family policies, HCF recently funded its first round of new health research projects via its foundation, HCF Research Foundation.
