Private Health Insurance (Complying Product) Rules 2015
9Waiting periods―former gold card holders
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9 Waiting periods―former gold card holders
(1) The waiting period requirements in subsection 75‑1 (1) of the Act are modified in relation to insured persons referred to in subrule (2) by specifying the conditions set out in that subrule.
(2) A policy that covers a person who:
(a) held a gold card, or was entitled to treatment under a gold card, before applying for the insurance; and
(b) applies for the insurance no longer than 2 months after the person ceased to hold, or be entitled under, the gold card,
must not apply to the person any waiting period or benefit limitation period for any hospital treatment or general treatment covered by the policy.
(3) In this rule:
gold card has the same meaning as in section 34‑15 of the Act.
benefit limitation period, in respect of the person's insurance policy, means a period:
(a) starting at the time the person becomes insured under the policy referred to in this rule; and
(b) ending at the time specified in the policy,
during which the amount of benefit in relation to any period is less than the amount for which the person would be eligible during any other period.