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Cheap health insurance for your tax bill and your teeth

There’s a lot of junk out there – so we analysed 400+ plans and found 5 cheap health insurance policies that are actually good.

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Cheap health insurance: top picks

To help you find a cheap policy, our health insurance team has analysed hundreds of policies from over 40 funds, as well as the latest Ombudsman report. We've narrowed it down to a handful of policies and developed a list of the cheapest and most comprehensive policies in the Australian market.

Why you can trust our research

400+
policies assessed
46
health funds analysed
80+
hours of research
765
customers surveyed

Cheap bronze hospital insurance

HCF HOSPITAL BRONZE PLUS $750 EXCESS

From

$22.78

/week

Hospital only

From

$22.78

/week

Our verdict

2024 Finder Award winner for bronze cover. Scores are determined by policies that cover the most treatments for the cheapest price. We looked at 100+ bronze plans in total. You're covered for 25 hospital treatments – 7 more than a standard bronze policy.

Cheap combined hospital and extras insurance

starter bronze + black 50 saver

From

$25.72

/week

Hospital and Extras

From

$25.72

/week

Our verdict

ahm starter bronze and black 50 saver is good if you want a cheap combined hospital and extras policy that covers than a basic policy. It covers 18 treatments more than a typical basic policy.

Cheap award winner

Basic Hospital Plus Elevate $750/$1500 Excess

From

$22.50

/week

Hospital only

From

$22.50

/week

Our verdict

HBF Basic Hospital Plus Elevate is good if you want a cheap policy that gives you more for your money, which is why it won the 2024 Finder Award.

Cheap family health insurance

Bronze Hospital $750 Excess + Dental Boost

From

$34.32

/week

Hospital and Extras

From

$34.32

/week

Cheap basic hospital insurance

Basic Accident Only Hospital $750 Excess

From

$19.48

/week

Hospital only

From

$19.48

/week

Our verdict

Bupa's Basic Accident Only Hospital policy is good if you're looking for a very cheap policy that lets you avoid paying the Medicare Levy Surcharge (MLS) – but it only covers accidents and ambulance fees.

What is the average cost of health insurance in Australia?

According to PocketSmith, the price of insurance increased by 12% from 2022 to 2023, significantly more than the rate of inflation. The table below gives you an idea of how much each level of health insurance will cost you right now.

How much does health insurance cost?

We ask hundreds of Australians what they're paying for health insurance every month. Here's what they told us in May 2024.
  • Basic: $110
  • Bronze: $143
  • Silver: $162
  • Gold: $197
Price based on 1,000+ responses for single hospital insurance.

Why compare health insurance with Finder?

  • We don't ask for your phone or email to see prices.

  • With 1 click, you can open your results to nearly every fund in Australia.

  • You pay the same price as going direct – we charge no fees.

Start comparing for freeStart comparing for free

How can I find cheap health insurance?

What's affordable is different for everyone, but no matter what your budget, these are some universal tips that could help you get more bang for your buck.

  • Check your coverage. If you already have health insurance and are looking for a cheaper option, consider downgrading your policy. You may be paying for benefits you don't need.
  • Compare online. Finder compares almost every major health insurance policy on the market. Comparing your options side-by-side gives you a good idea of how much you can expect to pay for a policy.
  • Look for discounts. Lots of health funds run offers to attract new customers. This could be a reduced-price premium, free coverage for a few weeks or some other reward.
  • Pay before 1 April. Prices go up on 1 April every year. Pay in advance before this date and you'll lock in last year's rates for a while longer.
  • Increase your excess. Choosing a higher excess will lower your premium. Just remember, if you're looking to avoid the Medicare Levy Surcharge or Lifetime Health Cover loading, make sure the premium is no higher than $750 for a single person.
  • Look for a restricted fund. Restricted health funds offer cover to people working in specific industries as well as their families. These funds aren't run for profit, so they can be cheaper, but you have to find one that you're eligible for.
  • Check if your employer partners with a health fund. Health funds are allowed to give discounts of up to 12% to companies, which those companies can then pass on to employees.
Franco and Family

Last year my first son was born, so getting affordable health insurance with flexible extras became more than just a tax-related priority. Having lived in Australia for only 2 years, I didn't know much about health providers. Finder's selection of best insurances gave me the confidence to check HBF. HBF's Bronze Hospital Plus with Flex 50 extras had everything I was looking for!
— Franco Fagioli.

Best sign-up deals for May 2024 from Finder partners

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

Name Product

Join and earn up to 120,000 Qantas Points

Ends 28 May 2024

Plus, get 60-75% back on Extras (up to your annual limit) for things like dental, physio and glasses costs. Eligibility criteria and T&Cs apply.


Roll over your extras limits

Most unused extras limits rolled over until June 2025. Join by June 30 for up to double limits on most extras. Exclusions & T&Cs apply.


Get up to 8 weeks free

Ends 30 June 2024

When you join eligible cover by 30 June and stay with HCF. T&Cs Apply.


Join Bupa and get up to 12 weeks free on eligible products

Plus, 2&6 month waiting periods waived on extras. Domestic policies only. Terms and conditions apply.


Get up to 12 weeks free

Ends 30 June 2024

For new joins by Jun 30 who maintain eligible combined hospital & extras. T&Cs apply. Learn more.


Join HIF Hospital & Extras and get a cash card worth up to $200

Ends 31 May 2024

Plus, 2-month waits waived on extras by 31 May 2024. T&Cs apply.


Want 6 weeks free and $500 in gift cards (couples/families) or $250 in gift cards (singles/single parents)?

When you join & maintain eligible Bronze Hospital+Extras or above. New members only. T&Cs apply.


Get 6 weeks free extras cover

For new joins only. Offer applied after 60 days on extras-only cover. Learn more.


Want 6 weeks free + a $50 gift card when you join & maintain eligible Extras?

Plus, get 2&6 month waits waived. New members only. T&Cs apply.


Get up to 8 weeks free + Waive 2 & 6 months waiting periods

Ends 30 June 2024

Join combined hospital & extras cover by 30 June 2024 for new members. T&Cs apply.

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Why you can trust Finder's health insurance experts

free

We're free

Our health insurance engine is completely free to use. You pay the same as buying directly from the health insurer. Better still, we regularly run exclusive deals that you won't find on any other site.
expert advice

We're experts

We've researched and rated hundreds of policies as part of our Finder Awards. We've published 250+ guides and our in-house experts regularly appear on Sunrise, 7News and SBS News.
independent

We're independent

Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and you can compare nearly every health fund in Australia on the site (and find a better deal).
help

We're here to help

Since 2014, we've helped 350,000+ people find health insurance by explaining your options simply. We'll never ask for your number or email to see prices. We're here to help you make a decision.

Frequently asked questions

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