Schemes use waiting periods to manage anti-selection — people joining only when they need expensive treatment. Knowing the two types and the rules around them helps you time a switch and avoid surprise rejections.
No — Prescribed Minimum Benefits, including emergency stabilisation, must be covered from the first day of membership.
Not if you have at least 24 months of continuous prior cover and join the new scheme within 90 days. The new scheme must waive both waiting periods.