Document ID: chunk:federal_register_of_legislation:F2024L00146:front:0:p6
Version: federal_register_of_legislation:F2024L00146
Segment Type: other
Provision Reference: 
Character Range: 23018–27070

one day only.

Day (private hospital type)                                                                 Means a private hospital that is not licensed or otherwise permitted to provide treatment that includes part of an overnight stay at a hospital.

Discontinued (policy or person movement)                                                    Means policies and insured persons leaving the health fund. Represents the balancing item for the aggregate fund coverage from one quarter to the next. This includes:
                                                                                                   * deaths (decrease in insured persons, not necessarily policies); and
                                                                                                   * suspended policies, where they are not included in the coverage count for risk equalisation purposes.
Excess Amount                                                                               Means an amount of money a policy holder agrees to pay before private health insurance benefits are payable. An excess amount may be capped at a total amount for the year.

                                                                                            For taxation purposes those taxpayers who would be subject to the Medicare Levy Surcharge are exempted if they have a hospital treatment policy with an excess amount no greater than $750 for a policy covering a single person or an excess amount no greater than $1,500 for a policy covering more than one person.

                                                                                            Excess policies includes all policy holders who contribute to hospital treatment policies under which an agreed, excess amount is paid by the policy holder for hospital treatment and/or general treatment services, reducing the benefit otherwise payable in exchange for lower premium costs.

                                                                                            Excess amount (front-end deductible)
                                                                                            An excess amount is an amount of money a policy holder agrees to pay for a hospital stay before health fund benefits are payable. For example, if a policy has an excess amount of $200, the insured person will be required to pay the first $200 of the hospital costs if they go to hospital as a private patient. An excess amount could apply every time the insured person goes to hospital in a year, or it may be capped at a total amount that will be paid in each year.
Family (policy cover type)                                                                  Means a policy under which three or more people are insured, only two of whom are adults.

Female (sex)                                                                                Means persons who have female or predominantly feminine biological characteristics, or female sex assigned at birth.

General Treatment                                                                           Has the meaning given by the Private Health Insurance Act 2007 (PHI Act).

General Treatment Only (policy treatment type)                                              Means a policy that does not cover hospital treatment or hospital-substitute treatments.

Gold (private hospital insurance product tier type)                                         Means a policy that:
                                                                                            a)      covers hospital treatment; and
                                                                                            b)     covers the treatments in all of the clinical categories indicated for a gold policy in Schedule 4 of the Private Health Insurance (Complying Product) Rules 2015.

Hospital Cover Travel And Accommodation (hospital and hospital substitute treatment type)   Means accommodation expenses for a parent/partner to accompany a patient who is