10
Sep

Doctors Malpractice Insurance And The COVID-19 Vaccine

The Australian Government is developing a claims scheme for people who suffer a moderate to significant impact following an adverse reaction to a TGA approved COVID-19 vaccine.

The scheme will provide a simple, streamlined process to reimburse/compensate eligible people for their injuries without the need for complex legal proceedings.

The scheme will cover the costs of injuries $5,000 and above due to administration of a TGA approved COVID-19 vaccine or due to an adverse event that is considered to be caused by a COVID-19 vaccination.

The recognised side effects to the COVID-19 vaccines are included in the approved Product Information and include thrombosis with thrombocytopenia syndrome (TTS) associated with the AstraZeneca vaccine and myocarditis and pericarditis associated with the Pfizer vaccine.

For claims between $5,000 and $20,000, claimants need to have been hospitalised for at least one night, will need to nominate they are seeking less than $20,000 and provide applicable evidence of:

  1. the nature of the injury and medical documentation of its likely relationship to a COVID-19 vaccination
  2. hospitalisation, due to a vaccine-related injury
  3. medical costs
  4. lost wages.

The evidence requirements for claims $20,000 and over, including death, are still being developed and will be advised as part of additional information on the scheme in the future. Claims relating to a death will not require evidence of hospitalisation.

  

The above is a summary prepared by Experien Insurance Services and not a complete list of all information relevant to the topic.

Life insurance and Financial Advice services are provided by Experien Insurance Services Pty Ltd (EIS) ABN 99 128 678 937 and Experien Financial Services Pty Ltd (EFS) ABN 32 631 346 757. EIS and EFS are a Corporate Authorised Representative (No. 320626 and No. 1274354) of Affinia Financial Advisers Limited ABN 13 085 335 397 AFSL No. 237857. This is general information and you should not act on it, or rely on it, without obtaining personal advice. Always read the product disclosure statement (PDS) issued by an insurer before considering to take out insurance. See our website for our Financial Services Guide.

Source : “https://www.health.gov.au/initiatives-and-programs/covid-19-vaccines/covid-19-vaccine-claims-scheme”