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Health insurance deals and offers

30 June may be over, but health funds are still releasing special deals throughout the rest of the year.

To save you the hassle of scouring the internet for these offers finder.com.au has done it for you. Choose from a selection of limited time offers from well-known Australian funds that add additional value to your health insurance purchase. Happy hunting.

Health insurance deals from participating funds for September 2017

Get 6 weeks FREE health insurance before September 30

  • When you buy a new combined hospital and extras policy
  • For new members on direct debit (must pay first month)
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Waive the 2 month waiting period on extras if you join before December 31

  • For new customers only
  • Hospital & extras combinations only
  • Terms and conditions apply

Get up to $100 off on any combined policy before September 30

  • Family, couple and single parent policies get a $100 discount
  • Singles policies get a $50 discount
  • Terms and conditions apply


Prefer to compare? Review policies from 30+ funds

What else can I do to save on health insurance this EOFY?

Besides taking advantage of the numerous health insurance deals that start getting released at around early to mid-May, you may also be able to kill two birds with one stone by avoiding two government penalties that impact the amount you are taxed and the amount you pay in health insurance premiums.

Don't get hit with the Medicare Levy Surcharge

Depending on how much you earn, if you are not covered by private health insurance you're going to have to pay 1% to 1.5% tax towards the Medicare Levy Surcharge (MLS).

The good news is that you can easily avoid the MLS by purchasing a policy, and the better news is that some health funds offer cover that costs less per year than the amount taxed. Some of these policies are outlined below:

Health fundProductExcessApply
AHMLite Cover$500 excess on hospital itemsMore info
Australian UnityBasic Hospital$500 excessMore info
BUPAActive Saver$100 CopayMore info
GMHBABronze Hospital Options$500 excessMore info
NIBKickstarter$500 excessMore info
CUAPublic Hospital CoverNoMore info
Defence HealthADF Essentials Package$200More info
Defence HealthEssentials Hospital$200More info
Doctors Health FundSmart Starter$500 excessMore info
Frank InsuranceBasic HospitalAdmission excess per person $500 per yearMore info
HBFSuper Saver Hospital$500 excessMore info
GMF HealthLite Hospital$500 excessMore info
RT HealthSingle Cover Public Hospital$500 excessMore info

*Disclaimer: Quotes for Tier 1 single male, under 30, living in NSW. Prices were accurate when this article was published but are subject to change and should be used as a general guide only.

Avoid the Lifetime Health Cover loading

The Lifetime Health Cover (LHC) is a government initiative designed to encourage young people to get private health insurance. It adds a 2% loading on top of your premium for every year you fail to take out cover after you turn 31 until it caps at a maximum of 70%. For example, if you sign up at 45 you'll pay 30% more than someone who joined up at the age of 30.

If you have just turned 31 it could be worth waiting until the EOFY offers are released and snag a good deal while avoiding both the Medicare Levy Surcharge (which taxes you) and the LHC (which begins adding the 2% loading following 1 July after your 31st birthday). Its a win-win-win.

Any other ways to reduce my health insurance costs?



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*The offers compared on this page are chosen from a range of products finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best', 'Top' and 'Cheapest' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.
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Richard Laycock

Richard is the insurance editor at finder.com.au. He is on a mission to make insurance easier to understand.

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