BAE Systems Employee Benefit Program
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BAE Systems employee benefit program FAQ's
BAE Systems Applied Intelligence will pay the gross premium of GMHBA Bronze Hospital Plus Corporate ($500 excess) with Bronze Extras Set Benefits - singles, couples, single parents and families excluding any Lifetime Health Cover Loadings - on behalf of employees. Gross premium is the amount paid before the Australian Government Rebate before Lifetime Health Cover loading is applied. BAE Systems corporate discount excludes GMHBA Basic Plus Hospital with any extras, GMHBA Basic Plus Package and GMHBA Bronze Plus Package.
Yes. However, the payment of the difference in premium between the fully funded product and the chosen upgraded product will be the responsibility of the employee. There are products excluded from the BAE Systems Employee Benefit Program please contact GMHBA to organise a direct debit option on 1300 035 786 or alternatively email us at email@example.com to ensure the level of cover you are looking at is eligible for the program.
Yes, if they are your legal partner and dependents they can be covered under the policy paid by BAE Systems or any upgraded GMHBA policy
BAE Employee premiums can be organised through GMHBA and paid by direct debit (bank account or credit card). Currently direct debit runs are scheduled on the 1st and 15th of every Month. If you set your policy to start on a different date a pro-rated direct debit amount can be scheduled with your standard direct debit or a once off payment over the phone can be taken.
Yes, BAE Systems has negotiated up to a 10% Discount on our GMHBA Products. GMHBA also have a range of products that pair with AIA Vitality, our AIA Vitality range of products include a 5% discount only and will not be eligible for the 10% discount on our GMHBA Products without AIA Vitality.
Some products are not eligible for the corporate discount.
GMHBA have waived all 2 and 6 month waiting periods on extras for both new and transferring employees. For new members who join eligible BAE Systems combined hospital and extras cover and have not held a GMHBA membership in the last 12 months
Keep in mind, when transferring from another fund, any waiting periods you have previously served will not need to be re-served throughout the transfer process.
Waiting periods still apply for:
- 12 month waiting periods
- Reduce hospital excess
- Previously uninsured members
- Pre-existing conditions
- Waiting periods not served with your previous fund
For further information about waiting periods click here
GMHBA will offer the Employee Benefit Program to all BAE Systems Applied Intelligence employees as long as their individual employment contract permits. This is an excellent opportunity for BAE Systems employees to receive a subsidised Health Insurance product.
To be eligible for the fully subsidised private health insurance program you must have full Medicare Eligibility. GMHBA Hospital covers are specifically designed for people who have full Medicare Eligibility. These covers will not meet the cost of public hospital treatment, medical treatment or diagnostic services for people who do not have full Medicare eligibility. Temporary residents of Australia who do not have full Medicare eligibility should consider alternative health insurance arrangements.