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Finder Awards 2020 Best Health Insurance – Gold (Hospital)

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This policy covers a range of 38 treatments in a private hospital and is competitively priced. It includes access to an advice line and "best doctor" second opinion service.

Finalists:

Methodology: Best Health Insurance - Gold (Hospital)

Here's how our expert analysts assessed the Best Health Insurance - Gold (Hospital) category to pick the 2020 winner.

Selection and scoring

This award was based on the Finder value ranking algorithm.

The policy algorithm weighs each policy based on criteria such as the excess/co-payment amount, number of associated (agreement) hospitals, treatments covered in public or private hospitals, waiting periods and annual benefit limits.

  • The policy must be available in NSW, VIC, WA, SA and QLD
  • Hospital policies will be assessed for a single person across five states (NSW, VIC, WA, SA and QLD) using Finder's health insurance engine algorithm
  • An insurer may only claim one place in the final winners' list in this category
  • $500 excess
  • Product must be Gold level

Availability criteria

Product must be available at the time of award announcement.
Products were analysed and compared to the market on the following dates:

  • 1/9/19 (Q1)
  • 1/12/19 (Q2)
  • 29/2/20 (Q3)
  • 32/5/20 (Q4)

Products must have been in the market for at least two of the four quarters, including the most recent quarter.
Quarters were weighted as follows unless otherwise stated (with Q4 being the most recent quarter):

  • Q4: 50% of final score
  • Q3: 25% of final score
  • Q2: 12.5% of final score
  • Q1: 12.5% of final score

For products only available in three quarters, the weighting is as follows:

  • Q4: 50% of final score
  • Q3: 35% of final score
  • Q2: 15% of final score

For products only available in two quarters, the weighting is as follows:

  • Q4: 60% of final score
  • Q3: 40% of final score

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