Income Protection for Elective Surgery

The Financial Impact of Elective Surgery

Waiting for or recovering from elective surgery can cause significant financial strain, especially if you cannot work during this time. Your regular expenses like rent, mortgage payments, and bills continue, while additional medical costs can increase financial stress.

How Income Protection Can Help

Would receiving an income benefit during this time ease your financial worries? At Claimsplus Lawyers, we specialise in helping individuals access their income protection benefits, particularly when they’re unable to work due to surgery. Securing these payments can provide relief, allowing you to cover your medical expenses and daily living costs while you recover.

If you’ve been waiting for elective surgery for over 30 days and are unable to work, we can help you explore your options for income protection and bring you peace of mind.

Case Study Example: Income Protection in Action*

Paul, a 52-year-old bricklayer, was scheduled for hip surgery in August 2021, but his surgery was delayed. As a result, he could no longer work. Paul didn’t realize his superannuation included income protection, which could provide up to 75% of his income. After contacting Claimsplus Lawyers, Paul discovered his coverage and successfully lodged an income protection claim.

Although Paul is still waiting for surgery, the income protection payments allow him to cover his daily expenses and medical costs. He also knows that the payments will continue during his recovery until he is ready to return to work.

*This is a fictional claim study created for illustrative purposes and does not represent any real individual.

Do You Qualify for Income Protection?

If you’re unable to work while waiting for or recovering from surgery due to illness or injury, you may be eligible for income protection through your superannuation fund. At Claimsplus Lawyers, we can help you review your superannuation policy and determine whether you can access income protection or other personal insurance benefits.

What Is Personal Insurance?

Personal insurance offers financial support in the event of illness or injury. It may have been purchased directly or provided as part of your superannuation fund. Common types of personal insurance include:

Income Protection: Pays up to 75% of your income if you can’t work due to illness or injury.
Total and Permanent Disability (TPD): A lump sum paid if you are permanently unable to work due to illness or injury.
Trauma Insurance: A lump sum payment made if you are diagnosed with a serious illness, such as cancer.
Death Benefit: A lump sum paid to your beneficiaries upon your death.

Key Facts About Personal Insurance

Personal insurance benefits help if you’re unable to work due to injury or illness, whether recent or from years ago.
You may still qualify for payments even if you have private health insurance or are on a public or private hospital waiting list.
Your superannuation fund likely includes personal insurance, and making a claim won’t reduce your superannuation balance.
Even if your superannuation statement says "nil cover," you may still have had coverage at the time you stopped working—so it’s worth checking.
Personal insurance payments can be made even if you’re receiving Workers' Compensation or NDIS benefits.

How Claimsplus Lawyers Can Help

Claimsplus Lawyers is here to help you determine whether you’re eligible for payments from your superannuation insurance. Whether you’re with AustralianSuper or another fund, we’ll guide you through the process of accessing the financial support you need while waiting for or recovering from surgery.

If you require further information or support with your personal insurance claim, please contact Claimsplus Lawyers. Our committed team is ready to guide you through the process and ensure you achieve the support and benefits you deserve.

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