Health insurance for young adults

Take advantage of a youth discount with health insurance for young people.

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What you need to know

  • People in their late teens and 20s can benefit from both private hospital and extras cover.
  • Once you hit 30, or earn over $90k, there are tax implications for not having hospital cover.
  • Young people can get up to a 10% discount on their health insurance premiums.

Pros and cons of health insurance for young people


  • Hospital insurance is usually cheap for young people and you get a government discount.
  • Extras insurance can help you access services like optical, dental and physiotherapy for less.
  • It's peace of mind knowing that if something unexpected does happen, you'll be able to access care in a private hospital at a lower cost.
  • If you earn over $90k or are over 30 years old,hospital health insurance will help you avoid the MLS and LHC.


  • Medicare will cover the cost of most medically necessary hospital care.
  • If you don't need coverage in a private hospital then it's an added expense..
  • Treatments like optical, dental and physio can be paid for our-of-pocket - depending on your needs, this may be more affordable.
  • Your parents' family health insurance may be able to cover you until you turn 25, for less than the cost of your own policy.

Hospital, Extras and Ambulance cover for young adults

Hospital cover icon

Hospital cover

Hospital cover can help pay for treatments that require you to go to hospital, like knee surgery or cancer treatment. Here are some of the key benefits of hospital cover:

  • Hospital trips are more common than you think. 25 to 34 years olds are the most common 10-year age group to need to go to the emergency department, according to the Emergency Department Care Report 2015-2016.
  • Avoid Lifetime Health Cover (LHC) loading. By taking out hospital cover before your 31st birthday, you can avoid paying extra for cover thanks to the LHC.
  • More freedom. You get to choose your own doctor and you can get a private bed in a private room.
  • Get treatment quickly. Waiting times for treatments are usually much shorter.
  • Care beyond the basics provided by Medicare. It can get you cover for specialist treatment like rehabilitation.

Extras cover icon

Extras cover

Extras cover takes care of all the services that can be done out of hospital, like dental, physio and prescription glasses. Here are some of the key benefits of extras cover:

  • Out of hospital care. It can pay for dental treatment, glasses, physiotherapy, chiro and much more.
  • There's usually no lock-in contract. The beauty of extras cover is that you can usually cancel and you won't be charged a cancellation fee.
  • Access to care Medicare doesn't cover. Medicare doesn't cover extras services so unless you want to pay hundreds of dollars for treatment, you need extras health insurance.
  • Mental health support. It can also cover you for counselling sessions with a psychologist if you need to talk to someone.
  • Access to member discounts. Most policies come with perks, like gym membership subsidies, to help you keep fit and healthy, and save both you and your provider money.

Ambulance cover icon

Ambulance cover

If you don't want or need hospital or extras health insurance, it might still be worth taking out ambulance-only health insurance. Outside of Queensland and Tasmania, Ambulance services aren't covered by Medicare or state governments. Ambulance cover is available from around $1.50 a week, and will cover you for unexpected emergency trips.

Cheap hospital cover

If you're just looking for the cheapest hospital cover available, here are a few basic tier policies from Finder partners. All of these will exempt you from the Medicare Levy Surcharge (MLS) and the Lifetime Health Cover loading (LHC).

Top Pick for


HBF Basic Hospital Plus image

From $80.67 per month*

Cover for: joint reconstructions | tonsils adenoids and grommets
Restricted cover for: hospital psychiatric services | rehabilitation | palliative care

Go to site More info

*Quotes are based on a single individual with less than $90,000 income, $500 excess and living in Sydney.

Good value extras cover

Here are some good value extras policies available from Finder partners. Each covers different treatments, so check the details. You can also compare cheap extras and top extras policies on this page.

*Quotes are based on a single individual with less than $90,000 income, $500 excess and living in Sydney. Annual limits apply.

Best sign up deals for January 2022 from Finder Partners

Check the deals below before buying health insurance and you could save money on your premium - or get a reward for signing up.

Store Discount
ahm Dealsahm Deals

Want up to $200 off? Or up to $100 for singles & single parents?

New joins on hospital & extras by Jan 31. Find out how.

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Coupon code ends

Want up to $500 worth of gift cards?

Offer for new members ends 28 February. T&Cs apply. Learn more.

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Coupon code ends

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

Join hospital only or combined hospital & extras cover by 31 January 2022 for new members.

Last verified


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

Join and earn up to 100,000 Qantas Points*

*Eligibility criteria and T&Cs apply.

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Get deal

Deal ends

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

Offer applies for new joins on hospital and extras by 31 January. T&Cs apply.

Last verified


Coupon code ends

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Frequently asked questions

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