cover through HESTA

Insurance through HESTA is a cost-effective way to protect you and your family if you’re ever unable to work due to illness or death.

 

 

Changes to your insurance

 

Under Government legislation called Putting Members’ Interests First, from 1 April 2020, insurance through super is only automatically provided to new members once their account balance has been $6,000 or more and are aged 25 or over.

 

HESTA Super Members

If you’re an existing HESTA super member and your account balance did not exceed $6,000 on or after 1 November 2019, your insurance cover will have ceased on 1 April 2020 unless you chose to keep it.

You do have options if you’d like to get cover.

 

1. Wait

You will automatically receive standard cover when your account balance has reached $6,000, you’re aged 25 or over and your account is not inactive^. If you are under age 55, the cover will be New Events Cover* until you are in active employment for 30 consecutive days. If you are age 55 or over, your cover will be New Events Cover*.

 

2.  Apply

You can apply to receive standard cover before this time by going to your online account and  selecting to receive cover in the Insurance section of your online account. You will need to complete a Short Personal Health Statement and cover will start when the Insurer accepts your application and you have a positive balance in your account. If you are aged 55 or over when cover starts, the cover will be New Events Cover*.

 

HESTA Personal Super Members

If you’re an existing HESTA Personal Super member, when you joined you will have told us if you wanted standard insurance cover which is New Events Cover*.

 

If you didn’t choose standard insurance cover when you joined, you can apply for cover anytime in the Insurance section of your online account anytime.

 

You can apply for the level of cover that suits your needs through your online account. Your application is subject to acceptance by the Insurer.

 

 

You will automatically receive standard insurance cover once your account balance has been $6,000 or more and you are aged 25 or over.

 

If you’d like cover before this time, you have a few options:

 

1. Wait

You will receive standard cover when your account balance has reached $6,000, you’re aged 25 or over and your account is not inactive^. If you are under age 55, the cover will be New Events Cover* until you are in active employment for 30 consecutive days. If you are aged 55 or over, your cover will be New Events Cover*.

 

2. Apply within 90 days of joining HESTA.

Your cover will start on the later of the day we receive your request and when your first contribution is received in your account, so long as it is received within 90 days of your election for insurance. You won’t have to provide any health evidence. If you are under age 55, the cover will be New Events Cover* until you are in active employment for 30 consecutive days. If you are aged 55 or over, your cover will be New Events Cover*.

 

3. Apply for cover more than 90 days after joining HESTA

If you choose for cover to commence more than 90 days after joining HESTA, you will need to complete a Short Personal Health Statement. Cover will start the day your Short Personal Health Statement is accepted by the insurer, subject to you having a positive account balance. If you are aged 55 or over your cover will be New Events Cover*

*New Events Cover means the cover is only for claims arising from an illness which first becomes apparent or an injury which first occurs on or after the date your insurance cover started. There are other situations where cover may be restricted to New Events Cover, read Insurance Options for full details and all circumstances when New Events Cover applies.

^ Inactive means you have not received a contribution or roll in for 16 consecutive months. You can elect to keep your insurance if you become inactive in the preferences section of your online account.

 

How much insurance cover do I have?

You can check your current level of cover in your HESTA online account. Once you've logged in, select the 'Insurance' tab from the main menu.