Can I use my super to get gastric sleeve surgery?

Your funds from superannuation can only be released for weight loss surgery if: The medical treatment is not readily available in the public system. Weight loss surgery fits this criteria. You have a life threatening illness or injury.

How can I access my super for weight loss surgery?

The process involves completing an application form and obtaining a written letter of support from your GP and one from your specialist….Tips Regarding Accessing Super for Weight Loss Surgery

1. Determine whether you meet the specified conditions.
2. Contact Access My Super.
3. Apply to your super fund for payment.

How do you get over 3 week stall after gastric sleeve?

What to do (and what not to do) if you get slapped with the 3-week weight loss stall:

1. Keep drinking plenty of fluids!
2. Eat food (or don’t) according to the instructions that your surgeon and the bariatric team have given you.
3. Try not to compare yourself with other patients.
4. Start to weigh less frequently.

Can you access your super for an operation?

Contact your super fund to request access to your super due to a terminal medical condition. Your fund must pay your super as a lump sum. The payment is tax-free if you withdraw it within 24 months of certification.

How much does gastric sleeve cost?

For non-insured patients, weight loss surgery expenses can be overwhelming. The average gastric sleeve cost without insurance Australia is an approximately $20,000 procedure. This covers everything, from clinic fees to additional hospital costs.

How much does gastric sleeve surgery cost in Australia?

Gastric sleeve surgery cost Australia: With private insurance: $4,000 to $6,000 not including Medicare rebates. Without private insurance: $16,000 to $18,000 not including Medicare rebates.

Can I access my super for medical reasons?

Temporary incapacity You may be able to access your super if you are temporarily unable to work or need to work fewer hours because of a physical or mental medical condition. This condition of release is generally used to release insurance benefits from a super fund.

How can I speed up weight loss after gastric sleeve?

How Can I Maximize Weight Loss After Gastric Sleeve?

1. Avoid Bad Eating Habits. According to researchers, five out of 13 bad eating habits were to blame for the excessive weight gain.
2. Seek Help.
3. Eat Enough Calories.
4. Avoid Getting Pregnant.

Can liquids stretch your stomach after gastric sleeve?

After undergoing a laparoscopic gastric bypass, patients often wonder about the limits of their new stomachs. Many are concerned that drinking water will cause their stomach to stretch. So, can your stomach stretch after gastric sleeve surgery? Yes, it can.

Has anyone been fined for early super release?

No fines have been issued so far but the ATO is actively monitoring more than 5000 applicants from the first round of applications, asking them to review their eligibility before deciding to re-apply to access their super for a second time, the spokesperson says.

Can I withdraw my super to buy a car?

To withdraw your savings from super, you need to meet a superannuation condition of release. Once savings are withdrawn from super, it is up to you how the savings are used. You can use the withdrawal amount to pay off debt, start a business, buy a car for personal use or even buy a house to live in.

How much does a gastric sleeve cost without insurance?

Therefore, without health insurance, you must fund your surgery in the private hospital system. This can cost up to about $20,000 – including surgeons’ fees, dietician fees, anaesthetist fees, operating theatre fees and hospital stay fees.

When to use early release superannuation for weight loss?

Accessing Early Release of Superannuation to Fund Weight loss Surgery As access to public hospital weight loss surgery is poor, uninsured patients can access their superannuation to help pay for bariatric surgery. This is appropriate in selected cases (high BMI with weight related comorbidities).

Who can apply for early release of superannuation?

Insured and Uninsured patients can access Superannuation under compassionate medical grounds to pay for all out of pockets associated with weightloss surgery. Who can apply for Early Release of Superannuation? Patients undergoing a Gastric Sleeve/ Sleeve Gastrectomy, Lapband or Gastric Bypass procedure

How to get super release for weight loss surgery?

We can assist you in applying to the Australian Tax Office (ATO) and understand their decision. Apply to your super fund for payment.

What kind of surgery can you do with superannuation?

Make yourself a priority today and do not let obesity stop you from being your best! With assistance from Destination New You, we can facilitate your application of your Compassionate Release of Superannuation to fund your bariatric procedures including; Lap Band Surgery, Lap Band Removal Surgery, Gastric Sleeve Surgery, or Gastric Bypass Surgery.