Top Pick for
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
Below you'll find a range of good value Basic policies. They're all 'Basic plus' policies, which means they include cover for more than the standard Basic treatments. They're by no means the only or best Basic policies on the market, but they all offer great value.
Here you can find some of the cheapest Basic hospital options from Finder partners. They cover emergency ambulance and would make you exempt from the Medicare Levy Surcharge (MLS) at tax time.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Each of the different health insurance tiers has to cover a standardised set of treatments. Here's a quick summary of each tier.
Gold-tier hospital insurance covers all 38 treatments outlined by the Australian government. This includes treatments like joint replacements, pregnancy and insulin pumps, as well as all services covered by Silver-tier policies.
Typical cost: From around $160/month for a single policy.
Silver-tier hospital insurance covers at least 26 treatments outlined by the Australian government. This includes treatments like dental surgery, lung and chest, and podiatric surgery, as well as all services covered by Bronze-tier policies.
Typical cost: From around $115/month for a single policy.
Bronze-tier hospital insurance covers at least 18 treatments outlined by the Australian government. This includes treatments like joint reconstructions, gynaecology, and ear, nose and throat, as well as all services covered by Basic-tier policies.
Typical cost: From around $80/month for a single policy.
Basic-tier hospital insurance isn't required to fully cover any treatments outlined by the Australian government, but it does need to have restricted cover for rehabilitation, hospital psychiatric services and palliative care. Generally, Basic cover is primarily used to avoid the Medicare Levy Surcharge and Lifetime Health Cover loading.
Typical cost: From around $75/month for a single policy.
If a policy is described as a 'plus' policy, then it will cover the minimum number of treatments for its tier, plus at least 1 treatment from the next tier up. For a full list of the treatments covered by Basic policies, click the link below.
If you earn more than $90,000, you'll be subject to the Medicare Levy Surcharge (MLS) on your income tax. The MLS is a tax of up to 1.5%, and can quickly get into the thousands of dollars. Having a hospital health insurance policy is the only way to be exempt from the MLS. Fortunately, the cost of a Basic-tier policy can sometimes be less than the amount the MLS would cost you, meaning that getting a Basic policy would actually save you money.
Getting Basic health insurance will help you avoid the Lifetime Health Cover (LHC) loading, which can make health insurance more expensive after a certain age. For every year you don't have hospital coverage after your 31st birthday, the LHC will add 2% onto the cost of a health insurance policy if you decide to get cover later. This only caps out after 35 years, at 70%.
If you never get hospital cover in your whole life, you'll never need to pay the LHC. However, if you think you might want hospital cover eventually, getting a Basic policy now can prevent you from ever being charged the LHC.
While Basic policies don't offer cover for many treatments, they often include ambulance cover, which can be very useful if you need ambulance transportation – even to a public hospital. Not all hospital policies automatically include ambulance, so you'll need to check the product details.
You can use this free tool to compare health insurance policies from 30+ Australian providers. Once you have your initial results, use the filters to see just Basic policies.
Icons made by Freepik, Dinosoft Labs from www.flaticon.com
Get discounts on major speaker brands including Sonos, Bose, Anker, Ultimate Ears, Samsung, Yamaha and more.
Top Black Friday iPhone deals include 26% off the iPhone 12 Mini at The Good Guys and cut-price refurbished models at Amazon and eBay.
Black Friday bargains include discounts on the Apple Watch Series 3 and Apple Watch accessories.
The Kmart Black Friday sale is finally here! Save up to $50 on Amazon Kindles, best-selling homewares and Nintendo Switch Consoles.
These are the best Black Friday deals for Nintendo Switch, including up to 59% off bestselling Switch games.
Get up to 58% off on robot cleaners to barrels and cordless sticks to all things Dyson during the Black Friday sales.
The best Black Friday 2021 discounts include over $1,000 off 75-inch and 85-inch smart TVs from Samsung and Hisense.
Save up to 84% off select air fryers and multi cookers on Black Friday from Amazon, eBay and Catch and more.
Get the Nintendo Switch bundled with Mario Kart 8 Deluxe and a 3-month Nintendo Switch Online subscription for $369 - save $160!
The biggest discounts include $200 off the Apple AirPods Max, 40% off the Beats Solo3, 38% off Jabra Elite 75t Earbuds and 56% off Sennheiser HD 400s.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.