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Health Insurance Finder™ is a 100% free, Australian-owned comparison service designed to help you find suitable cover for your needs.
Why compare private health insurance?
Health insurance can be confusing. Whether you’re thinking about starting a family, crossing tax thresholds or just wanting the best level of healthcare possible, we're here to help.
At finder.com.au, we aim to clear up the confusion. Get a quote and compare health insurance from 30+ companies in Australia.
What is private health insurance?
Health insurance helps you cover the cost of hospital treatments as well as some out-of-hospital services. These two services are broken into two groups: hospital treatments and general treatments (also known as ancillary services or extras).
While we're lucky as Australians to have access to hospital treatment through our public healthcare system Medicare, private health insurance provides you with more options.
|Medicare||Private health insurance|
|Public hospital services||
|Private room or hospital||
|Everyday health (dentist, physio, etc)||
Find health cover that suits your life
Choose your own health care
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.
Avoid tax penalties
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 come June 30.
Don't sit around waiting
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.
Get a little extra back for everyday needs
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.
You have 5 options
When you're looking for private health insurance, it's up to you to decide whether you want hospital or extras or a package with both.
Option 1: Hospital cover
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).
Option 2: Extras cover
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.
Option 3: Hospital and extras combined
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.
Option 4: Overseas Visitor Cover (OVHC and OSHC)
If you're visiting Australia to work or study, you may need overseas visitor health cover. Whether you want basic visa requirements or comprehensive cover - there are options available.
Option 5: No health insurance
You can take this 1-minute quiz to help you figure out whether you would benefit from hospital, extras or neither.
Need the dentist?
Whether you’re looking for a clean or need some major work, extras has you covered.
Thinking about getting pregnant?
Private health insurance allows you to choose your hospital and obstetrician.
Recently turned 31?
If you don’t have cover by 1 July following your 31st birthday, you’ll have increased prices.
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:
- Prepay for your policy before 1 April each year. Every year on 1 April, health insurance premiums go up. If you prepay 12 months' worth of premiums before 1 April, you can postpone the rate rise's effect on your hip pocket.
- Annual payment discounts. If you're planning on paying for your policy in advance for the next year, look for a fund that offers discounts for doing so. Some of these funds offer discounts of up to 4%.
- Direct debit discounts. While we're on the topic of payment discounts, some funds offer a 4% discount for customers who pay for their premiums by direct debit.
- Health discounts. Some funds, such as myOwn, are dipping their toes in the water and starting to reward their healthier members with discounted premiums.
What happens if you don't have private health insurance?
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.
- Lifetime Health Cover (LHC) loading. This is designed to encourage Australians to maintain health insurance from a younger age. It does this by increasing premiums by 2% for every year after your 31st birthday that you don't have cover.
- Medicare Levy Surcharge (MLS). This is an additional tax penalty ranging from 1% to 1.5% of your annual income, depending on how much you earn, and is applied every year that you do not have an adequate private health insurance policy.
- Private health insurance rebate. One of the major benefits of having private health insurance is being able to claim the private health insurance rebate. The rebate is determined by your age, your relationship status and your income.
What's new in health insurance?
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.
Can you get cover if you're not an Australian citizen?
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
How to compare health insurance
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:
- Think about your requirements.Tailor your search to your budget and lifestyle.
- Find out what services you're paying for. Make sure you're not paying for things you won't use.
- Shop around. Don't just go with the brand you know the most, you may end up paying more.
- Consider all the costs. Remember to check excesses, limits and co-payments.
- Know what the annual benefit limits are. Extras apply benefit limits to many included services.
Looking to save? Check out these health insurance deals
Health Insurance Frequently Asked Questions
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