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Health insurance deals and offers

Looking to save? Check out these deals from Australian health funds for April 2018.

To save you the hassle of scouring the internet for these offers 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 April 2018

Up to $200 off couples and families and $100 off singles combined policies in April.

Deal expires

Offer available for new combined policies that pay via direct debit.

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2-month extras waiting periods waived when you sign up for a combined policy

Deal expires

Plus go into the draw to win an Apple Watch.

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What else can I do to save on health insurance?

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 to save money. Even better, some health funds offer cover that costs less per year than the amount taxed. Some of these 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.

How else can I reduce my health insurance costs?

Sometimes, you can take advantage of discounts that are available in certain situations:

  • Corporate policies. Check with your employer to see if they offer corporate health insurance. Corporate sector discounts of up to 12% are often granted by health funds, which are then passed onto employees in the form of cheaper policies.
  • Family policies. Many health funds offer incentives for families, such as no hospital admission excess for children, no-gap dental and allowing you to keep your child on your policy until they turn 25 (if they are studying full time).
  • Single parent policies. Health funds have been allowed to provide single parents with a reduced premium compared to the family rate since 2007. If your fund does not offer a reduced rate, consider moving to another fund that does.
  • Annual and direct debit discounts. Look for a fund that rewards you for prepaying your premiums or having them direct debited out of your account.
FundDirect debit discountAnnual payment discount
  • Annual: 4%
  • Biannual: 2%
  • Annual: 2.5%
  • Annual: 4%
  • Biannual: 2%
  • Annual: 4%
  • Biannual: 2%
  • Annual: 4%
  • Biannual: 2%
  • 2.5% (debit cards)
  • 1.5% (credit cards)

Compare quotes from 30+ health funds to see which one is right for you

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*The offers compared on this page are chosen from a range of products 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.
Picture: Shutterstock

Richard Laycock

Richard is the Insurance Editor at finder, and has been wrangling insurance Product Disclosure Statements for the last 4 years. When he’s not helping Aussies make sense of the fine print, he can be found testing the quality of Aperol Spritzes in his new found home of New York. Richard studied Journalism at Macquarie University and The Missouri School of Journalism, and has a Tier 1 certification in General Advice for Life Insurance. He has also been published in CSO Australia and Dynamic Business.

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3 Responses

  1. Default Gravatar
    KrisJanuary 1, 2018


    Can you please tell me if a health insurance company under the name MY OWN HEALTH INSURANCE” Is a good private health insurer?

    • Staff
      MayJanuary 1, 2018Staff

      Hi Kris,

      Thank you for your inquiry.

      I’m afraid that we do not have access to myOwn health insurance company and cannot really advise whether it is a good company or not. Although this private health insurer is a newly launched company in July 2017 and a partner of life insurer AIA Australia. Nevertheless, we have an article written about this company on this page, which you may like to read for further information.

      Hope this helps.


    • Default Gravatar
      January 2, 2018

      Thank you very much, I appreciate the information.


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