With ACC TimeOut, your client can receive compensation for lost earnings if they’re injured while on an extended unpaid break from work. If they’re looking to take a break from work for any reason (such as to study, raise a family or travel overseas) and are injured after the first two weeks of unpaid leave, ACC can still help them with access to medical treatment and rehabilitation support; however, they are not automatically eligible for weekly compensation for lost earnings.
How ACC TimeOut levies are calculated
Your client’s ACC TimeOut Levy is based on their individual circumstances, taking a number of factors into consideration. These include:
- age
- gender
- duration of cover up to 24 months (six months if travelling overseas)
- amount of income covered
- the risk factors associated with their usual occupation and their proposed activities during the period of cover.
Paying ACC TimeOut Levies
ACC TimeOut cover can be purchased in monthly blocks up to three months. For cover greater than three months, it is purchased in three-monthly blocks up to 24 months.
The levy must be paid in one payment before the policy commences.
There are several easy ways for your client to pay their ACC TimeOut levy, click here for more information.
Last updated: 15 December 2008