Australia’s first registered private health fund, rt health, has announced it will support families to keep their children covered for longer by offering cover for dependants up to the age of 31.
The fund, which is a division of HCF, has announced the age limit extension for eligible older dependants covered on family memberships.
The federal government introduced the change last year to allow private health insurers to cover young people who are dependent on their parents for longer. The change is not compulsory for private health insurers.
rt health chief officer Simone Tregeagle said the age limit extension would go a long way towards easing the cost of living strain for many Australian families.
“At rt health, we know healthy families are happy families – no matter how old your kids are,” said Ms Tregeagle.
“We’re doing our bit to help our members have peace of mind and security knowing that they have the option to keep their adult children on their membership for longer.”
rt health said it will continue to cover full-time students under their parents' cover until they turn 31.
Adult children who are working and those that are not can be covered under a Family Extension product.
“Families change over time, with many young adults going into higher education and living with their parents for longer. Providing much-improved options gives our members more control and affordability for their families as they get older,” said Ms Tregeagle.