Get a gift card for up to $200 when you take out hospital & extras
Singles get a gift card of $100 and couples & families can get $200. Offer applies to new members signing up for a hospital and extras policy.
Health insurance helps you cover the cost of private hospital treatments as well as some out-of-hospital services, such as benefits for dental. When choosing your health insurance, you can pick hospital, extras cover or a combined policy with both.
There are some key differences between Medicare and private health insurance.
|Medicare||Private health insurance|
|Public hospital services||
|Private room or hospital||
|Everyday health (dentist, physio, etc)||
Have peace of mind, whether you want choice over your hospital or your surgeon, or you just want to feel safe in the knowledge that you’ve got protection.
Just want a basic policy that means you don’t get penalised? We got you. Health insurance means you can avoid fearing that claim form at tax time.
Don’t want to sit on a public waiting list for surgery? Private health insurance can help. You’ll be able to receive treatment quicker, in a private room and from a doctor that you choose.
If you get regular massages, physio treatments or you just like keeping your teeth in great condition, these out-of-hospital treatments are only covered by private health insurance.
It's up to you to decide what type of private health insurance you'd like cover for:
A hospital policy covers you for hospital procedures and accommodation, you can also choose your doctor. Hospital cover is also what you need to avoid the Medicare Levy Surcharge (MLS).
Extras cover allows you to claim for out-of-hospital health services such as dental and physio. Extras pay either a set refund or a percentage refund.
A combined policy includes cover for both in and out of hospital services. They are often labelled as packages such as young couples - but you can also mix and match your own.
If you're visiting Australia to work (OVHC) or study (OSHC), you may need overseas visitor health cover. Whether you want basic visa requirements or comprehensive - there are many options.
Private health insurance is community rated meaning that no matter how old you are or whether you have any pre-existing conditions, everyone pays the same amount for the same cover.
The cost of health insurance comes down to the choices you make. A basic hospital policy can start from $16 a week and an extras policy from just $3 a week with April 2018 pricing.
There are ways that you can save a few dollars:
The Australian Government has introduced a number of schemes to encourage people who can afford private health insurance to take it out. Private health care takes the burden off the public health system so people who really need it can access it when they need to. There are a few schemes that may impact you.
Health insurance in Australia is changing. For more details on the upcoming healthcare reforms and what they mean for you, check out our detailed analysis or watch the 2-minute video below.
Yes, you can. Australian health funds offer a range of cover options for those moving to Australia. These policies are called Overseas Visitors Health Cover (OVHC) or Overseas Student Health Cover (OSHC). The type of cover you need will depend on your visa. However, people from countries that Australia has a Reciprocal Health Care Agreement with can access a certain level of subsidised treatment from Medicare. Be aware that the benefits are very limited, with anything but the most vital medical services likely not covered.
Reciprocal Health Care Agreement countries
Each health fund is different, policy prices, services covered, annual benefit limits, excess options and sign up offers can vary. Follow these key steps when comparing:
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of major banks, insurers and product issuers.
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. You should consider whether the products featured on our site are appropriate for your needs and seek independent advice if you have any questions.
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 and find the best option for you.
The identification of a group of products, as 'Top' or 'Best' is a reflection of user preferences based on current website data. On a regular basis, analytics drive the creation of a list of popular products. Where these products are grouped, they appear in no particular order.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment.
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.