Health insurance for over 50s
Compare the best health insurance for over 50s based on our 2020 Finder finalists.
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Our comparison engine makes it easy for you to find affordable health insurance for over 50s. It lets you select the treatments that matter to you; that way you only need to pay for the services that you need. Begin comparing policies side-by-side or take a look at our gold and silver health insurance award winners.
What level of cover do over 50s need?
The level of cover you need will depend on your specific health concerns. However, the 2019 government health insurance reforms mean that all four levels of health insurance must cover specific treatments. Here's who they could be good for:
Gold-tier hospital insurance covers all 38 clinically necessary treatments including joint replacements, insulin pumps and cataracts. They're good if you have some health issues but if not, then it may not be something you need to consider until you're older as they can be expensive – often around $160/month. They also cover services you may not need anymore such as pregnancy.
Silver-tier hospital insurance costs around $115 per month and can be a more affordable option to gold that still covers you for many treatments you may need as you reach your 50s. For instance, it can cover you for:
- Heart and vascular system
- Lung and chest
- Back, neck and spine
Bronze policies cost $80 per month and can cover services such as joint reconstructions, kidney and bladder and chemotherapy. They may be suitable if you're a healthy 50-year old or are a high-earner (over $90,000 as a single) and want to avoid the MLS.
Basic cover is suitable for over 50s who want to avoid the MLS and expensive ambulance costs. Health funds are only required to provide restricted cover for rehabilitation, hospital psychiatric services and palliative care but some plus policies, such as Frank's Basic Hospital Plus (Basic+), can cover you for more. Policies start from around $75 per month.
What are the best gold over 50s health insurance policies?
These gold health insurance policies are the finalists from the 2020 Finder Awards. If you're looking for comprehensive cover and peace of mind, one of them may be ideal for you.
What are the best silver over 50s health insurance policies?
Our top silver picks are also finalists from the 2020 Finder Awards. A silver policy can be a good option as you get older, providing comprehensive cover that doesn't cost as much as a gold policy.
What can health insurance for over 50s cover?
This can cover you as a private patient in a private or public hospital, pay for theatre and intensive care fees, x-rays, pathology and inpatient pharmaceuticals. Depending on the level of cover you choose – basic, bronze, silver or gold – it can also cover you for treatments such as cardiac procedures, prostheses, non-cosmetic eye surgery, joint reconstruction, organ transplant, psychiatric treatment and palliative care.
This should cover those out of hospital services you are likely to need more often such as optical, dental, podiatry and physiotherapy.
Unfortunately, Medicare doesn't cover emergency ambulance services for most Australians, unless you live in Queensland or Tasmania. However, ambulance cover is generally included in most basic hospital or extras insurance policies.
FAQs about over 50s health insurance
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