Suspend your cover if going overseas for an extended period

Most funds will allow you to suspend your membership if you go overseas for an extended period of time. It’s a good idea to suspend membership rather than cancel it because otherwise both waiting periods and Lifetime Health Cover penalties may be incurred if you decide to take out cover again at a later date. However, the time your membership is suspended will not count towards any waiting periods or benefit limitation periods.
Some funds may also allow you to suspend your membership during periods of unemployment. Check with your fund under what conditions they will agree to suspend membership.

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