Preparing for the unexpected
Life can throw up some curve balls — both good and bad — that can throw us for six. Here are some things we regularly find members need help with.
life
Baby on the way? Did you know HESTA members may be eligible to get a 12-month break from paying insurance fees while they’re on parental leave?
Bringing your baby home is one of life’s most amazing adventures. And with your hands full, you really don’t need to be worrying about life’s less happy ones (like sudden illness or injury).
That’s why we waive your insurance cover fees during parental leave for a full 12 months. If your baby is born prematurely (before 37 weeks gestation), the insurance fee waiver will be for 24 months. That means your cover continues even while you’re away from work, and you won’t pay a cent in insurance fees from your super.
It’s our way of helping keep your growing family safe and your super where it belongs, so you can focus on what really matters.
Already with HESTA (and ready to welcome a new person?)
Here’s how to organise your 12-month or 24-month insurance cover fee waiver.
You can get your insurance cover fees waived during parental leave if:
- you’re employed and
- your parental leave is approved by your employer, and
- your insurance cover is current.
Note that self-employed members are ineligible for the insurance fee waiver.
To apply, log in to your account, go to the ‘Insurance’ tab and then into your AIA portal.
Or read this fact sheet to learn more about insurance cover during parental leave.
It’s important to be aware that if we don’t receive any contributions or roll-ins into your account for a continuous period of 16 months, your account will be considered inactive and your insurance cover will cease unless you've told us you want to keep it.
You’ll find all the details in Insurance options (PDF).
Your insurance cover fee waiver continues while on parental leave for 12 months.
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