The last step of the enrolment process for your health insurance will display quote details for your customised plan. The premium presented here might differ from the average one that was displayed on the first screen when you were choosing from the multiple available plans, as the exact premium will always depend on personal characteristics such as age, extras selected, or when you took your first health insurance policy.
Let's explain all the information displayed on this screen, so you are sure of what and how much you'll be paying:
Plan Name and Product Summary
Tap here to have a full list of what's covered in your planDate of coverage
The period your plan will be active. The end date ('Group renewal date') matches your employer's policy renewal date with this provider.Pricing per person
If you have dependants added, these will show separately under this section. Otherwise, it will show just your name and monthly premium. You can maximise this section to verify any additional fees that might have been added on top of the gross premium, such as any LCR loading - if applicable.Monthly payments
Here you can find a breakdown of how much of the premium will be paid by your employer and how much will be paid by you (deducted from your salary - for which you'll have to authorise on the bottom agreement checkbox). Note that in some cases you might select a health insurance plan that is equal or cheaper to the set contribution defined by your employer. In that case, you won't have to pay anything.
The date of coverage and the number of months included in the quote might not be for 12 months. This is because the plan's renewal date is defined by the moment your employer contracted this health insurance policy from the provider, and not when you enrolled. For instance, if your employer originally set up the insurance in July, and you're being added to the benefits package in December, you will be part of the employer package for 7 out of 12 months.