In Australia, there are two main types of insurance that medical students need to consider:
Overseas Student Health Cover (OSHC)
- This is mandatory for all international students on a student visa.
- It covers basic medical and hospital expenses, including doctor’s visits, hospital stays, and some ambulance services.
- There are a range of different OSHC providers to choose from, and the cost of cover will vary depending on the provider and the level of cover you choose.
Medical Indemnity Insurance
- This is not mandatory, but it is highly recommended for all medical students, both domestic and international.
- It protects you from financial liability if you are sued for negligence or malpractice while providing medical care.
- There are a number of different medical indemnity insurance providers to choose from, and the cost of cover will vary depending on the provider and the level of cover you choose.
Here are some things to consider when choosing medical indemnity insurance:
- The level of cover you need. This will depend on the stage of your studies and the type of medical practice you are pursuing.
- The excess you are willing to pay. The excess is the amount you will need to pay towards any claim before the insurance kicks in.
- The reputation of the insurance provider. Make sure you choose a reputable provider with a good track record of paying out claims.
It is important to compare different policies from different providers before you make a decision. You can also talk to your university or a medical student association for advice.
Here are some resources that you may find helpful:
- The Australian Government Department of Health website: https://oshcaustralia.com.au/aboutoshc
- The Medical Indemnity Group of Australia website: https://www.miga.com.au/
- The Australian Medical Students’ Association website:
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