nib health funds limited - Notification - N95619

The Applicant proposes to issue promotional material to its customers promoting a range of budget priced single vision glasses which customers can acquire at a price which results in privately insured customers (both of the Applicant's and other insurers alike) incurring no out-of-pocket-costs (Budget Products). The promotional material for each customer will specify which Budget Product range the customer's health insurance product gives the customer access to.

If a customer has available annual optical benefit limits and purchases a Budget Product from that customer's allocated range from the Applicant's branded eye care centres (which will be owned and operated by The Optical Company (NSW) Pty Limited), the Applicant will permit the eligible customer to claim available benefits despite any sub-limits which would otherwise apply.