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NSW Health Insurance
Health insurance varies by state, so New South Welshmen will pay different premiums than Aussies in other states. No matter which state you live in, it's important to compare policies to figure out which is best for you.
46.6% of people in NSW have hospital cover. 57.5% 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 table below compares combined policies from Finder partners available in New South Wales. It includes policies with Bronze, Silver and Gold hospital cover. It's sorted by value using the Finder score algorithm our experts use for the Finder health insurance awards. Prices are for a single person earning less than $93,000 living in Sydney, with a $750 excess - learn why this matters here.
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
There are several factors that will change the price of your health insurance premiums, whether you get hospital or extras cover. Here are the main ones to consider.
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.
Standard cover (a varied mix of hospital
treatments)
Comprehensive cover for most treatments
Pregnancy and childbirth
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What extras cover do you need?
Select as many as you want
Preventative & general dental
Major dental & implants
Optical
Physiotherapy
Podiatry
Non-PBS pharmaceuticals
Chiropractic
Emergency ambulance
Remedial massage
Why compare with us
You'll pay the same price as going direct - we don't
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Comparing quotes from 30+ funds...
The price of hospital insurance in NSW
NSW hospital premiums are almost exactly the national average. NSW makes up a big chunk of the national population though, so that's not too surprising. Premiums are standardised by state, so you'll pay the same whether you live in Bondi, Bowral or Broken Hill. The table below lists the average monthly premiums for hospital policies from each of the 4 coverage tiers with a $750 excess. The prices are for a single person earning less than $93,000 a year living in Sydney. The numbers are updated monthly.
46.6% of NSW residents have hospital cover, while 57.5% 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 August 2023.
Hospital Cover
Extras cover
NSW
46.6%
57.5%
Australia
45.1%
55.0%
Hospital
Extras
Australia
45.1%
55.0%
NSW
46.6%
57.5%
VIC
42.4%
50.2%
QLD
41.1%
48.2%
SA
44.7%
59.5%
WA
54.4%
69.1%
TAS
41.5%
49.4%
ACT
53.8%
66.2%
NT
39.8%
44.7%
Why you can trust Finder's health insurance experts
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.
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).
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
There's no single best health insurance policy in NSW, or in any state, for that matter. When you compare private health insurance, you need to consider your needs, budget, what state you live in and what level of coverage you want for yourself or your family. We can help make that process easier, but you'll have to make the final decision.
Average health insurance premiums in NSW are slightly higher that the national average, but are typical when compared to similar states, like Queensland and Victoria. In Australia, the price of health insurance does vary by state, for a variety of reasons.
NSW residents pays less for ambulance services than some Aussies, because the state government provides a partial subsidy, but it can still be a hefty fee. To avoid several hundred dollars of ambulance costs, you should consider ambulance-only health insurance, assuming your main policy doesn't include ambulance cover.
Tim Bennett is a Finder insurance expert. For over 10 years he's reported on news, politics, finance and other topics as a journalist and radio presenter. Tim's roles have included radio news reader and breakfast at the ABC, news producer for SBS and producer for Fairfax Media. Tim regularly appears as a health insurance expert on programs like Sunrise and SBS news, as well as in the Australian, The Daily Telegraph, The Courier Mail and more.
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