Medibank Special Purpose Fund
Information About The Medibank Private Special Purpose Fund
What is the Medibank Private Special Purpose Fund?
The Medibank Private Special Purpose Fund (the Fund) was established in 2004. Medibank Private will contribute $5 million to the Special Purpose Fund over the next three years.
The Fund will not pay for treatments or interventions that Medibank Private would normally pay for on behalf of its members, nor is it available for members to access treatment or interventions that are restricted or excluded under their policy.
Who administers the Special Purpose Fund?
An independent Approvals Committee has been appointed to make decisions on payments from the Fund.
Medibank Private is responsible for the administration of the Special Purpose Fund, in accordance with the membership and treatment prequalification criteria established by the Approvals Committee.
The Approvals Committee is at all times responsible for deciding whether or not a payment is made to a member.
Who is eligible to apply to the Special Purpose Fund?
Members of Medibank Private who held a resident hospital cover table for 12 months or longer and satisfy certain qualifying criteria. The Special Purpose Fund is not available to members who hold Overseas Student Health Cover, Basic Visitors Cover, Visitor Cover Packages, Working Visa Health Insurance, Ambulance Cover and Extras only covers.
How do I apply for funding from the Special Purpose Fund?
The ‘Notes for Applicants’, which can be viewed or downloaded will assist you in identifying whether the member and treatment may be eligible for consideration of a benefit under the Special Purpose Fund.
If, after reading the Notes, you believe that your membership and treatment are eligible for consideration, please print, complete and sign the Special Purpose Fund Application Form. Please note that the Application Form requires that your treating medical practitioner complete specific sections.
Both of these forms can be found at the foot of this page.
When completed the Application Form can be forwarded to:
Medibank Private Special Purpose Fund
Reply Paid 9999
Melbourne. Vic 8060
What happens next?
Medibank Private will acknowledge receipt of your application in writing. We will process your application and forward it to the independent Approvals Committee if it meets all of the prequalification criteria. If required by the Approval Committee, further information may be sought from you and your medical practitioner.
Where can I get more information on the Fund?
The Notes for Applicants contain the details regarding the Special Purpose Fund, including information on eligible and excluded treatments, eligible memberships, and the application and approval process.
Should you require further information, you can email you questions to MedibankSPF@medibank.com.au
Will the Special Purpose Fund be a permanent feature of MPL's benefit payment structure?
No. The total amount of the Special Purpose Fund is $5 million, which Medibank Private will fund over a three-year period.
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