405 visa health insurance

Retiring in Australia with a 405 visa? Adequate health insurance is mandatory for you. Overseas Visitor Health Cover (OVHC) is specifically designed to meet visa requirements. Compare policies below.

Allianz Care Australia Working Cover

Get a bonus e-gift card with a new OVHC workers policy

  • $50 e-gift card for a single policy
  • $100 e-gift card for couple or family policy
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Name Product Meets condition 8501 Hospital Cover Dental Pregnancy Cover GP Visits Medical Repatriation Price
Frank Basic Workers Cover
Yes (Reduced benefits)
$20,000
From $64.50 per month
From $64.50 per month.
Medibank Overseas Workers Base Hospital
From $71 per month
From $71 per month. Want 2 plus 2 weeks free? Join and start eligible Overseas Worker Health Cover by 4 October and you could get 2 weeks free this year plus 2 weeks free in your second year. New Overseas Workers Health Cover members only. Promo code: 2PLUS2
Allianz Care Australia Budget Working Cover
$20,000
From $70.20 per month
From $70.20 per month. Get $50 eGift card for singles and $100 eGift card for couple or family working policy. Offer applies for new joins by December 15. T&Cs apply.
Frank Minimum Working Visa Cover
$20,000
From $75 per month
From $75 per month.
Frank Mid Workers Cover
$20,000
From $100 per month
From $100 per month.
Medibank Overseas Workers Standard Hospital and Medical
From $104.50 per month
From $104.50 per month. Want 2 plus 2 weeks free? Join and start eligible Overseas Worker Health Cover by 4 October and you could get 2 weeks free this year plus 2 weeks free in your second year. New Overseas Workers Health Cover members only. Promo code: 2PLUS2
Allianz Care Australia Standard Working Cover
$20,000
From $103.50 per month
From $103.50 per month. Get $50 eGift card for singles and $100 eGift card for couple or family working policy. Offer applies for new joins by December 15. T&Cs apply.
Frank Mid Workers Plus Bundle
$20,000
From $125 per month
From $125 per month.
Allianz Care Australia Mid Working Cover
$20,000
From $151.80 per month
From $151.80 per month. Get $50 eGift card for singles and $100 eGift card for couple or family working policy. Offer applies for new joins by December 15. T&Cs apply.
Medibank Overseas Workers Advanced Hospital and Medical
From $308 per month
From $308 per month. Want 2 plus 2 weeks free? Join and start eligible Overseas Worker Health Cover by 4 October and you could get 2 weeks free this year plus 2 weeks free in your second year. New Overseas Workers Health Cover members only. Promo code: 2PLUS2
Allianz Care Australia Top Working Cover
$20,000
From $285.20 per month
From $285.20 per month. Get $50 eGift card for singles and $100 eGift card for couple or family working policy. Offer applies for new joins by December 15. T&Cs apply.
Medibank Overseas Workers Premium Hospital, Medical and Extras
From $329.50 per month
From $329.50 per month. Want 2 plus 2 weeks free? Join and start eligible Overseas Worker Health Cover by 4 October and you could get 2 weeks free this year plus 2 weeks free in your second year. New Overseas Workers Health Cover members only. Promo code: 2PLUS2
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What health insurance is suited for the 405 visa?

Your health insurance must:

  • Be fully comprehensive
  • Provide coverage that is at least equivalent to Australia’s Medicare system, including cover of no less than 85% for hospital, emergency and general practitioner services
  • Provide coverage of pharmaceuticals

These are stricter requirements than some other types of visa, and you will generally want to be looking at comprehensive overseas visitor health cover (OVHC).

Who can get a subclass 405 visa?

In order to get a 405 visa you must:

  • Be at least 55 years or older. Your partner can be of any age.
  • Have no dependents, other than a partner.
  • Have an income of at least AUD65,000 per year, or AUD50,000 if you’ll be living in a regional area.
  • Have a designated investment of at least AUD750,000 in Australia, or AUD500,000 if you wish to live in a regional area.

This is the only retirement visa. If you’re not eligible for this, you might still be able to get a parent visa instead.

How to find the right health insurance

You can contact an insurer to ask whether a policy meets visa requirements, or can check by looking at:

  • The exclusions: If your policy excludes any treatments, such as cardiac-related or spinal procedures, it might not meet visa requirements.
  • The coverage: You’ll generally want to look for a policy that covers 100% of the MBS, (the Medicare coverage) and no less than 85%.
  • Pharmaceuticals: Your policy will need to include cover for pharmaceuticals.

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