HBF is this year's 2023 Finder health insurance winner. The winner was determined by awarding points to the winners and runners-up of the gold/silver/bronze/basic awards and extras policy awards. The not-for-profit came out on top because it has some of the best value policies on the market.
Finder Health Insurance Awards 2023
Our experts compared 400+ policies to help you find the best health insurance products of 2023.
Best Health Fund of the Year
Bupa came second place in this year's awards overall. Australia's second largest health insurance company is competitively priced and has several good value policies, from its basic hospital to its flexible extras options.
HCF is Australia's largest not-for-profit health fund. It came in third place because it offers several good value policies, such as its bronze plus and silver standard hospital options. It's also competitively priced.
Best Health Insurance - Basic Hospital
The following policies cover all of our category award winners for both hospital and extras.
Bupa's Basic Plus Starter Hospital policy came in second place for our basic category. It costs around $19 per week and covers treatments including tonsils, adenoids and grommets, joint reconstructions and miscarriage and termination of pregnancy.
nib's Basic Essential Hospital Plus policy came in third place for our basic category. It costs around $18 per week and covers treatments including tonsils, adenoids and grommets, hernia and appendix, and miscarriage and termination of pregnancy.
Best Health Insurance - Bronze Hospital
HBF's Bronze Hospital Plus policy came in second place for our bronze category. The 2022 winner costs around $22 per week and covers 26 services including gastrointestinal endoscopy, bone, joint and muscle, and kidney and bladder.
Medibank's Bronze Plus Progress policy came in third place. It costs around $21 per week and covers a wide range of treatments including treatment for back, neck and spine.
Best Health Insurance - Silver Hospital
HBF's Silver Hospital policy ranked in second place out of all of the eligible silver policies we analysed as part of the awards. The not-for-profit health fund's policy costs approximately $28 per week and covers 30 treatments including heart and vascular system, back, neck and spine, digestive system and dental surgery.
Qantas Silver Hospital policy ranked in third place out of all of the eligible silver policies we analysed as part of the Finder awards. The fund's policy costs around $25 per week and covers a number of treatments including heart and vascular system, digestive system and dental surgery.
Best Health Insurance - Gold Hospital
St. Lukes Health Gold hospital policy is the 2023 runner up in our gold category. It covers all 38 hospital treatments for less than almost every other health insurance policy on the market.
Medibank's Gold hospital complete is another highly commended brand in the 2023 gold hospital category. It covers all 38 hospital treatments and comes with several unique perks for families looking to get pregnant.
Best Health Insurance - Basic Extras
Bupa's Freedom Extras 60 option is the runner up in 2023 Basic Extras category. Costs start from around $7 a week and it covers general dental, optical and more.
Latrobe's Basic Extras option is the third highest ranking Basic Extras policy according to the Finder rating. Costs start from around $4 a week and it covers general dental, major dental, optical and more.
Best Health Insurance - Medium Extras
Bupa's FLEXtras 4 Standard 50 is another high-ranking flexible extras option. The 2023 runner up costs around $9 a week and lets you tailor your extras cover to suit your needs. You'll receive 50% back at Bupa recognised providers on your selected services, up to your yearly limits.
Medibank's Healthy Start Extras came in third place. It costs around $6 per week, making it one of the cheapest policies available. You get a $500 combined limit on extras services such as physio, mental health support and chiro.
Best Health Insurance - Comprehensive Extras
The second highest ranking policy in the comprehensive extras category, Westfund's Mid Extras policy is only available when you take out a hospital policy but still provides very good value. Its cover includes a $2,500 lifetime limit on orthodontic treatment and up to $120 per policy, per calendar year to put towards antenatal and postnatal classes.
Medibank - Growing Family 60 is tailored towards families who plan to have children. It covers all the standard extras treatments as well as pregnancy compression garments, antenatal and postnatal services and more.
Meet our experts
Senior Writer, Insurance
Gary is Finder's insurance expert. He's responsible for scoring all of the features we analyse and determining the award winners.
Insights Analyst, Finder Awards
Saranga is responsible for gathering the data that fuels the Finder Awards. He ensures our winners are based on facts, not biases.
Lead Publisher, Health Insurance
Tim is Finder's health insurance publisher. Working closely with the editorial team, he makes sure you get to hear about all of our winners.
More guides on Finder
The best standing desk in Australia: Our top choice of the year
If you're looking for a standing desk for the home office, the Omnidesk Ascent is our #1 choice for 2023.
Fast NBN plans are now cheaper. Is it worth switching?
It's time to sort out your NBN plan for the new year.
Save $1,583 a year by using index funds instead of active trading | Dollar Saver tip #60
Invest in an index fund instead of actively trading stocks and you not only save on time and fees, you could be earning more in returns too.
5 perks you can score by upgrading your internet this year
SPONSORED: Upgrade your internet before the end of 2023 and get ahead on your life admin! We take a look at some of the benefits of a faster internet connection.
Aussies are struggling to save money, and Gen Z blame themselves
Young Australians cite overspending as the main reason for not reaching their financial goals.
Shein IPO: How to invest in the Shein IPO
What you need to know about investing in Shein from Australia.
Best places to exchange currency in Brisbane
Your guide to currency exchange in Brisbane, including how to get the best exchange rate.
Waiting for rates to fall? Don’t bank on it, says ANZ CEO
Addressing speculation that interest rates might fall in late-2024, ANZ CEO Shayne Elliott said he thought it was too optimistic.