Key takeaways
- 46.2% of people in NSW have hospital cover. 56.9% have extras cover.
- NSW residents are more likely to have hospital cover than the average Aussie.
- The price of health insurance in NSW is almost exactly the national average.
The price of hospital insurance in NSW
NSW hospital premiums are very close to the national average. NSW makes up a big chunk of the national population, so that's not super surprising. Premiums are set by state, so you'll pay the same in Bondi, Bowral or Broken Hill. Below are average monthly hospital premiums by tier for a single person earning less than $97,000 a year with a $750 excess. The numbers are based on the government databased in September 2024.
NSW health insurance statistics
46.2% of NSW residents have hospital cover, while 56.9% have extras cover. That's a little higher than the national average. See the table below for more details. These numbers come from APRA's quarterly health insurance statistics in June 2024.
Hospital Cover | Extras cover | |
---|---|---|
NSW | 46.2% | 56.9% |
Australia | 44.8% | 54.5% |
Compare health insurance policies in NSW
How we calculate our Finder Score
The Finder Score ranks every health policy in our database on value for money. We updated this monthly with data provided by Ombudsman.
We consider the 38 hospital treatment categories, plus the covered extras categories and the total extras benefit. We also use the average price for each product. Here's the breakdown of factors we consider.
Factors that affect your health insurance premiums
- Private Health Insurance Rebate: The price of your policy can vary by over 25% due to rebate. It's mainly based on your age and income.
- Lifetime Health Cover Loading: If you don't have hospital cover after age 31, a 2% loading will be added to the price each year you don't have it.
- State: The cost of medical care is different in every state, and that's reflected in your premiums.
- Policy Excess: A policy with a larger excess will have lower premiums, but you will have more out of pocket costs when you claim.
Frequently asked questions
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