Will my health insurance cover the cost of a vaccine once it’s developed?

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Will my health insurance cover the cost of a vaccine once it’s developed?

If your Extras cover includes Pharmaceutical Prescriptions, Suncorp Health Insurance will pay benefits towards the cost medicines prescribed by a licensed medical practitioner. They must be dispensed by either a doctor, pharmacy or licensed Chemist registered with Suncorp Health Insurance in order to be eligible.

Suncorp Health Insurance will pay a Pharmaceutical Prescriptions benefit when the medicine is:

listed on the Australian Register of Therapeutic Goods (ARTG);
listed with the Poisons Standard; and as 4 or 8
not subsidised or claimable through the Schedule of Pharmaceutical Benefits.

If the vaccine meets these criteria, then Suncorp Health Insurance will cover the vaccine under Extras cover that includes the Pharmaceutical Prescriptions benefit.

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Important Information

Suncorp Life Insurance products, other than in some circumstances the Redundancy Benefit, are provided by either Asteron Life & Superannuation Limited ABN 87 073 979 530, AFSL 229880 (Asteron) or by TAL Life Limited ABN 70 050 109 450 AFSL 237848 (TAL Life) which are part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). TAL companies are not part of the Suncorp Group. TAL companies use the Suncorp brand under licence.

Redundancy Benefit issued on or before 31st March 2020 was offered by AAI Limited ABN 48 005 297 807, AFSL 230859 (AAI) trading as AAMI which is part of the Suncorp Group. New Redundancy Benefit policies and renewals offered from 1st April 2020 will be issued by Asteron Life &Superannuation Limited, ABN 87 073 979 530, AFSL 229880 (Asteron). The different entities of TAL and the Suncorp Group of companies are not responsible for, or liable in respect of, products and services provided by the other.

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