Suzanne O'Callaghan is HFA Policy Research and Education Manager
What are your rights and responsibilities with superannuation and insurance if you have a bleeding disorder or carry the gene?
In a recent HFA webinar Laura Davies from Maurice Blackburn Lawyers explored the ins and outs of superannuation, travel, life and income protection insurance – applying, what do you have to disclose and what to do if you think you have been assessed unfairly.
She was joined by an expert panel of Haemophilia Treatment Centre health professionals to discuss some case studies and answer audience questions.
Your rights: superannuation and insurance
HFA Zoom and Facebook Live webinar,
27 October 2022
Facilitator ~ Suzanne O'Callaghan, Haemophilia Foundation Australia
~ Laura Davies, Associate, Superannuation claims and insurance, Maurice Blackburn Lawyers, Melbourne
~ Dr Stephanie P’ng, haematologist and Fiona Stanley Hospital HTC Director, Perth
~ Jane Portnoy, haemophilia social worker, The Alfred HTC Melbourne
~ Megan Walsh, haemophilia nurse, The Alfred HTC Melbourne
Watch the webinar below:
Jane Portnoy commenced the webinar with a reminder that insurance and superannuation are an important part of planning for the future.
For people with bleeding disorders there can sometimes be barriers to acquiring insurance or drawing on their superannuation early. Some people have experienced high premiums or have initially been refused. Jane’s advice: don’t give up.
People with bleeding disorders can have problems with insurance and superannuation for a number of reasons.
Laura Davies outlined some common scenarios where insurance companies reject claims or avoid policies.
She recommended seeking legal advice as soon as possible if you are advised that your claim will be rejected or avoided. Knowing what documentation to request from the company, a careful analysis of policy wording and familiarity with recent consumer legislation will key aspects of an insurance claim dispute.
Laura’s tips to avoid problems:
Travel insurance is a hot topic for many people with bleeding disorders. The case studies considered some common issues:
In another case study the panel addressed the issues that might arise when a person retires early due to complications with their bleeding disorder. What happens if their application is refused by their insurer?
Laura outlined some typical approaches:
With new haemophilia treatments, many younger people with haemophilia are likely to have a different experience of working over a lifetime compared to older generations. The panel discussed the implications for income protection insurance – how actuarial data is put together, what people can do to manage income protection insurers and other options to consider.
Laura also discussed the importance of revisiting life insurance if it has been refused in the past and getting expert advice on the best options for the individual situation.
Our thanks to Laura, Stephanie, Jane and Megan for volunteering to share their expertise in this webinar.
Please note: Any advice or comments during this webinar were general principles. You should always seek individual professional advice about your personal situation before you make any decisions.
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