Unfortunately there is not. The situation is perplexing because the procedure is a better alternative to surgery and is replacing surgery throughout the world. In fact, in the U.S.A., insurance companies no longer cover surgery because when the risk / cost / benefit analysis is done it is clear that conventional surgery just doesn’t stack up against the non-surgical alternatives of Ultrasound Guided Sclerotherapy (UGS) and ELA. Medicare have indicated that there will at some stage be an Item number for ELA, but have not yet provided one. I have no doubt that Australia will follow the American model and that convention surgery (vein “stripping”) will continue to be replaced by the less invasive and more effective non-surgical procedures of UGS and ELA.
UPDATE: November 1, 2011 Medicare introduced on an Item number associated with ELA that will now give patients a rebate that covers some of the cost of the procedure.
UPDATE! As of November 2012 rebates have changed. Please refer to this web page for more information about Medicare rebates for varicose vein treatments.