nib has joined other health insurers in increasing the maximum age of non-student dependants covered under private cover from 24 to 31 years of age.
The company said the change came into effect on 1 October.
“This reform aims to provide greater access to, and improved affordability of health insurance for young people,” said nib chief executive of Australian Residents Health Insurance, 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."
nib said it also offers a range of aged-based discounts and health and lifestyle rewards for all members.
"These include up to 10 per cent 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.
“It’s our way of helping members get more out of their health cover and save on everyday items,” added Mr Close.