31 or until they discontinue full-time study if they are single, full-time students. Moreover, adult children who depend on their parents for accommodation and assistance and who are single are covered under Extended Family insurance until the age of 31.
According to Sheena Jack, the chief executive officer of HCE, the insurer increased its coverage for adult dependents to make insurance more economical. Jack said, “We know that cost of living pressures are mounting for all Australian families, and that means the typical household dynamic is changing. More and more young adults, particularly in capital cities, are staying at home with their parents to help ease the burden of cost pressures while studying or establishing early careers. This age increase is one way that we can help make healthcare more affordable for those younger members.”
HCF seeks to make healthcare more accessible, inexpensive, and high-quality. According to Jack, “People are more aware than ever of the importance of protecting their health while seeking great value cover. With this change, we’re pleased that we will now be able to further help support more Australians with peace of mind when it comes to their health”. In addition to improving its family policies, HCF’s foundation, the HCF Research Foundation, has just financed its first round of innovative health research initiatives.
