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Health insurance in your 30s

When you turn 31, you’ll be hit with a government penalty adding 2% on your health premium for every year you don’t have hospital cover.

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Why you should consider health insurance when you turn 30

Young woman

Prices will rise after you turn 31

A 2% lifetime Health Cover loading (LHC) is added to your health insurance premium for every year you don't have hospital cover over the age of 30. That fee accumulates, so if you go without hospital insurance until you're 40, you'll be hit with a 20% fee. It also stays in place until you've held hospital insurance for 10 years.

High earner

There's a tax surcharge if you earn over $90k

The Medicare Levy Surcharge (MLS) is an additional tax that you have to pay if you earn over $90,000 as a single or $180,000 as a family. Depending on how much you make, you'll pay a levy of between 1% and 1.5% of your annual income — that's between $75 and $181 more tax a month.

Compare cheap policies to avoid the LHC and MLS

You only need a basic or bronze health insurance policy to avoid both of these surcharges. That's great news, because these policies tend to be very affordable. Here are a few basic and bronze policies available from Finder partners. All prices are based on a single individual with less than $90,000 income and living in Sydney.

1 - 10 of 27
Name Product Treatments Price Apply
  • Rehabilitation
  • Joint reconstructions
  • Dental surgery
  • Hernia and appendix
  • Eye excluding cataracts
  • Pain management
  • Gynaecology
  • Lung and chest
$71.58
per month
Frank Entry Hospital (Basic+)
Basic Plus$750 excess
  • Rehabilitation
  • Joint reconstructions
  • Dental surgery
  • Hernia and appendix
  • Eye excluding cataracts
  • Pain management
  • Gynaecology
  • Lung and chest
  • +5 other treatments covered
$73.88
per month
starter basic
Basic$750 excess
  • Rehabilitation
  • Joint reconstructions
  • Dental surgery
  • Hernia and appendix
  • Eye excluding cataracts
  • Pain management
  • Gynaecology
  • Lung and chest
$75.13
per month
  • Rehabilitation
  • Joint reconstructions
  • Dental surgery
  • Hernia and appendix
  • Eye excluding cataracts
  • Pain management
  • Gynaecology
  • Lung and chest
$76.41
per month
  • Rehabilitation
  • Joint reconstructions
  • Dental surgery
  • Hernia and appendix
  • Eye excluding cataracts
  • Pain management
  • Gynaecology
  • Lung and chest
$76.75
per month
HCF ACCIDENT ONLY BASIC
Basic$750 excess
  • Rehabilitation
  • Joint reconstructions
  • Dental surgery
  • Hernia and appendix
  • Eye excluding cataracts
  • Pain management
  • Gynaecology
  • Lung and chest
$77.13
per month
starter basic
Basic$500 excess
  • Rehabilitation
  • Joint reconstructions
  • Dental surgery
  • Hernia and appendix
  • Eye excluding cataracts
  • Pain management
  • Gynaecology
  • Lung and chest
$77.84
per month
essentials basic plus
Basic Plus$750 excess
  • Rehabilitation
  • Joint reconstructions
  • Dental surgery
  • Hernia and appendix
  • Eye excluding cataracts
  • Pain management
  • Gynaecology
  • Lung and chest
  • +5 other treatments covered
$79.24
per month
  • Rehabilitation
  • Joint reconstructions
  • Dental surgery
  • Hernia and appendix
  • Eye excluding cataracts
  • Pain management
  • Gynaecology
  • Lung and chest
  • +5 other treatments covered
$79.69
per month
  • Rehabilitation
  • Joint reconstructions
  • Dental surgery
  • Hernia and appendix
  • Eye excluding cataracts
  • Pain management
  • Gynaecology
  • Lung and chest
  • +8 other treatments covered
$79.88
per month
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Compare up to 4 providers

How much you can save by getting hospital cover before 31

You can avoid the lifetime health cover loading penalty by taking out basic hospital insurance with an excess of $750 or less for singles before 1 July following your 31st birthday.

Let's put that in real terms. Say a health insurance policy is available for $600 per year. If you wait to take out your first policy at 40 it's going to cost you 20% more than that – $720 per year.

Here are a few more examples:

AgeLoadingCost of coverYou've had cover since 31If this is your first hospital cover
3510%$600$600$660
4020%$650$650$780
5040%$700$700$980
6060%$800$800$1280

Other benefits for health insurance in your 30s

Health insurance offers a lot more than just the ability to avoid additional taxes and surcharges. For people in their 30s, there arelots of ways you can benefit from the right health insurance policy. You can roughly divide those benefits into extras and hospital cover.

extras cover

Extras cover

Dental Coverage: Dental services aren't covered under Medicare for most people, but are super important for 30-somethings. An extras policy with general dental coverage will cover post preventative treatments, while major dental is what you'll need for coverage for things like major surgery and braces.

Optical: Have glasses? If so, optical coverage is going to be super useful for you, and can cover the cost of prescription and contact lenses.

Physiotherapy: As we get older, things start to go wrong with our bodies, especially if we exercise regularly! Extras coverage can chip in on the cost of regular physio sessions.

Healthy lifestyle: Lots of extras policies are increasingly offering benefits for the costs involved in staying healthy through your life, which can prevent health problems down the line. This can include benefits for gym memberships, pilates, quit smoking aids and more.

hospital cover

Hosptial cover

Bone, joint and muscle treatment: In your 30's you're probably still staying active, and issues with your bones, joints and muscles are likely to start cropping up. All bronze policies include cover for private bone, joint and muscle treatments, including joint reconstructions.

Gynaecology, miscarriage and pregnancy termination: If they are relevant to you, these services are covered under all bronze hospital policies. These can be more and more important for people in their 30s, so may be worth considering cover for.

Pregnancy: If you're thinking of having a baby and you'd like to access the benefits of the private system, you'it's worth considering a silver or gold hospital policy that covers pregnancy and childbirth.

Ambulance: Most hosptial, extras and combined policies include cover for emergency Ambulance transport, which is not covered under Medicare in most states.

Grab a great sign-up deal this June 2022

If you're ready to jump into a new health insurance policy, one of the best ways to start is with a sign-up deal. Here are a few of the best sign-up deals that are currently live from Finder partners.

Store Discount
ahm Dealsahm Deals
VERIFIED

Get up to 12 weeks free + any 2&6 month waits on extras waived

Join by June 30 and maintain eligible hospital & extras cover.

Last verified

VERIFIED

Coupon code ends

Get 6 weeks free, up to $250 in gift cards + 2&6 month waits on extras waived

New members only, T&Cs apply. Ends July 10.

Last verified

VERIFIED

Coupon code ends

8 weeks free plus any 2&6 month waits on extras waived

Join Now & Get Up To 8 Weeks Free + 2&6 Month Waits Waived On Extras On Eligible Products*

Last verified

VERIFIED

Coupon code ends

Get 6 weeks free on eligible Hospital and Extras cover with HBF

Join HBF by 3 July 2022 on eligible Hospital and Extras cover and get 6 weeks free after 4 months. T&Cs apply.

Last verified

Get deal
VERIFIED

Deal ends

Join and earn up to 140,000 Qantas Points

Plus, skip the 2 & 6 month waiting periods on Extras with combined Hospital and Extras cover. Eligibility criteria and T&Cs apply.

Last verified

Get deal
VERIFIED

Deal ends

Get 6 weeks free + Waive 2 & 6 months waiting periods

Join hospital only or combined hospital & extras cover by 30 June 2022 for new members.

Last verified

Exclusive

Coupon code ends

Get $100 gift card + 10% off on extras premium (with combined cover)

Join hospital only or combined hospital & extras cover for new members. T&Cs apply.

Last verified

Get deal
VERIFIED

No 2-month waiting periods on extras

For new combined policy holders until June 30. T&Cs apply.

Last verified

Get deal
VERIFIED

Deal ends

Get up to $600 off + Waive 2 & 6 months waiting period on extras

Get up to $600 off when you choose Hospital + Extras cover. Plus, skip the 2 or 6 month wait on Extras!

Last verified

Get deal
VERIFIED

Deal ends

Get 6 weeks free. PLUS 2-month waits on extras waived

Offer applies for new joins on hospital and extras by 30 June. T&Cs apply.

Last verified

VERIFIED

Coupon code ends

GMHBA dealsGMHBA deals
VERIFIED

Get one month free

Plus waive 2 & 6 month waits on extras when joining on combined cover by June 30. T&Cs apply.

Last verified

Get deal
VERIFIED

Deal ends

Frequently asked questions

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