Part 2AAge‑based discounts

Part 2A Age‑based discounts

Note 1: See paragraphs 63‑10 (g) and 66‑5 (3) (ea) of the Act.

Note 2: Nothing in this Part requires a private health insurer to:

Note:  make age‑based discounts available under any product; or

Note:  if age‑based discounts are available under a product:

Note: – make such discounts available for all ages between 18 and 29 (inclusive); or

Note: – continue to make age‑based discounts available under the product.

Instead, an age‑based discount policy may specify the ranges of ages, between 18 and 29 (inclusive), for which such discounts will be available (see subparagraph 11B (c) (i)).

However, under this Part:

Note:  if a person is receiving an age‑based discount, the person is entitled to continue to receive the full discount until the person turns 41 (unless the insurer chooses to discontinue age‑based discounts under the product, or the person transfers to a different insurance policy), and might be entitled to receive a reduced discount for a number of years after turning 41; and

Note:  if age‑based discounts are available in relation to particular ages or particular ranges of ages for a particular product, they must be available in relation to those ages or ranges on the same terms and conditions for all insurance policies under that product (see section 63‑5 of the Act).