Calculate your insurance from 1 August 2019
On 1 August 2019 our insurance is changing. By now you should have received your Significant Event Notice (May 2019) explaining the changes and how they’ll apply to you. This calculator allows you to examine the difference between your projected insurance under the current offering and the new offering. You can also see how much it will cost to change your cover if you’d like to.
About this calculator
Keep in mind the calculator’s been designed for Employee Plan and Personal Plan members. If your employer has set you up with a corporate insurance arrangement, refer to your significant event notice for details on how your cover is changing.
The calculator’s also been prepared for members who don’t have any loadings on their cover. If your cover is subject to premium loadings, the calculator won’t accurately reflect your circumstances.
Before you get started
Take a moment to familiarise yourself with our FAQs, which explain the terms we’re using on this page.
*Some members will automatically receive additional fixed cover to maintain their current level of cover from 1 August 2019 (your SEN will tell you if this applies to you). If you’re automatically receiving additional fixed cover, you only need to use this form if you’d like something different.
The information provided by this calculator is general advice only and has been prepared without taking into account your particular financial needs, circumstances or objectives. You should consider your own investment objectives, financial situation and needs. This calculator has been developed to help members review the insurance changes outlined in the significant event notice (SEN) dated May 2019 and see how they might be affected by those changes. It is a basic calculation using the amount of insurance cover and cost of that cover under the current CareSuper offering and what an estimate of amount of cover and cost of that cover might be from 1 August 2019 (new offering). You may also wish to consult a licensed financial adviser.
Whether or not you need cover through CareSuper, and how much you need at what cost, are personal decisions that depend on your situation and therefore you may wish to seek licenced financial advice about your situation before making a decision to retain, change or cancel your insurance cover.
If you have any questions about the calculator and/or the SEN, please call us on 1300 110 650.