As readers of this blog will know, a new temporary visa for parents is being introduced by the Australian Government later this year.
One of the requirements of this visa will be for the person sponsoring the visa to pay for private health insurance, and to pay for any outstanding public health costs incurred by the visa holder.
Private health insurance with a suitable level of cover will therefore be a must have, in an effort to cap the costs of a health condition suffered by the visa holder.
While private health funds do not yet have cover for this specific visa there are offerings available, which provide an indicator of the cost of private health insurance.
More specifically, see details of the Overseas Visitors cover from these companies:
We suggest selecting 405 Investor Retirement as the visa type while we wait for the health funds to catch up with the new visa class.