Do I have to re-serve Hospital cover waiting periods when I switch from another fund?
It depends. Here are three things to keep in mind:
b. Level of cover
You won’t have to re-serve waiting periods when you switch to Teachers Health if you:
- Get an equivalent level of Hospital cover with equivalent benefits
- Have already served all relevant waiting periods at your previous fund.
If you’re upgrading, also check the rules around pre-existing conditions.
c. Your excess
Waiting periods also apply if you choose a lower excess than you had before. If you use your Hospital cover in the 12 months after you join us, you’ll pay your previous (higher) excess. After that, your new excess will apply (if you have one).