IMAN Australian Health Plans is Australia’s only specialist health fund that solely caters to the overseas visitor health insurance market (including 457 visa health insurance).
The health fund is over 30 years old and was acquired by NIB Health Funds in 2010 which is listed on the Australian Stock Exchange.
IMAN now acts as a subsidiary of NIB with over 17,000 policy holders, which is a large segment of the 457 visa health insurance market, as well as other overseas visitor insurance policies.
This website’s IMAN health insurance 457 visa review, completed in February 2014, found that the fund offers the the best value for single 457 visa health insurance cover with premiums starting at $79.99 a month.
The fund also gets a ‘best value’ rating for its budget couples 457 health insurance cover starting at just under $160 which is lower than all the other health funds.
When it comes to family health insurance for 457 Visa holders IMAN is not considered ‘best value. The top spot is held by HIF. This is because unlike other health funds, IMAN had a large price gap between its couples 457 visa health cover and the family policy. IMAN’s family 457 health insurance policies are more expensive than its competitors such as BUPA and HIF.
All IMAN Health Insurance Policies meet the the Department of Immigration and Citizenship’s (DIAC) 457 visa application requirements. This means that once you apply. a letter will be sent to you which will be attached along with your 457 visa application as proof that you meet the health insurance requirements set by condition 8501.
IMAN’s 457 Visa Health Insurance Policies include ambulance cover in Australia as well as funeral expenses. Cover also includes repatriation such as the need for a medical escort back to your homeland when medically necessary.
In August 2014 there is a 10% IMAN discount offer which applies on the first year of their 457 visa health insurance cover and overseas visitor health insurance policies.
All plans offer cover for hospital accommodation and services, as well as out-patient services following hospitalisation. The available cover complies with standard MBS rates with all treatments requiring your doctor’s recommendations and approvals. Our IMAN health insurance review found there are lower benefits on some services for some budget policies such as gastric banding, palliative care, pregnancy and psychiatric treatment. Extras cover such as general dental, optical and pharmaceuticals are only covered on higher policies so its important to compare the 457 visa health insurance policies to find the one that’s right for you.
IMAN 457 health insurance is a subsidiary of NIB Health Funds. For all NIB 457 health insurance enquiries the applicant should instead contact IMAN health insurance.
IMAN is rated 4.0 stars by 12 customers.