Health Insurance Victoria

Victoria is Australia’s most expensive state for health insurance, so it pays to compare. Compare extras cover from just $4 per week and hospital cover from just $20 per week.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

What you need to know:

  • The largest health funds in Victoria are Medibank (33.0%), Bupa (23.0%) and nib (8.6%).
  • VIC residents are less likely to have hospital cover than the average Australian.
  • The cost of singles health cover in VIC is higher than every other state, followed by Queensland and Tasmania.

Compare VIC health insurance

If you're ready to compare health insurance, the tool below can help you compare 30+ providers for free. Make sure you put a Victorian post code in to see your local prices.

What does health insurance cover in Victoria?

Heart

Hospital only

Hospital cover helps pay for treatment in a VIC private hospital.

Learn more

Ambulance

Extras only

Extras helps pay for treatment outside of hospitals, such as optical, dental and physio.

Learn more

Combined

Combined

Combined hospital and extras cover helps pay for both hospital treatment and the cost of extras.

Learn more

The price of health insurance in Victoria

Health insurance is highly regulated in Australia, so each policy has a standard price. However, policy prices do vary by state, thanks to different taxes and duties, as well as the cost of private hospital care.

Unfortunately, Victoria has some of the highest premiums in the country, closely followed by Queensland and Tasmania. We compared around 12,000 different price points for singles cover, and Victoria had an average monthly premium of $142.31 (before rebates), higher than the national average of $128.08. If cost is important to you, read our page on cheap health insurance.

StateAverage premium
VIC$142.31
TAS$134.78
NSW$134.15
NT$96.69
QLD$139.52
SA$131.19
WA$117.62
Australia$128.08

*Prices are an average of over 12,000 price points in each state for singles hospital insurance and combined policies, with no rebates or discounts applied. Not all policies on the market were compared.

VIC health insurance statistics

The table below has some of the most interesting details about health insurance in Victoria. The numbers come from APRA's 2020 health insurance data.

VICAustralia
People with hospital cover (#)2,708,00011,336,000
People with hospital cover (%)40.60%44.1%
Annual change in coverage (%)0.50%0.9%

The largest health funds in Victoria

The table below lists the 10 largest health funds in Victoria, based on market share across the state. These numbers come from the Commonwealth Ombudsman 2020 State of the Health Funds Report. A high market share doesn't directly equate to quality, but it may be something to consider if you appreciate the support of a popular fund.

Note: Medibank includes both Medibank and ahm.

Health fundMarket share in VIC
Medibank33.00%
BUPA23.00%
NIB8.60%
HCF7.60%
Australian Unity6.60%
GMHBA5.70%
Defence Health*2.70%
Latrobe2.40%
CBHS*1.60%
Teachers Health*1.60%

*Restricted fund

Frequently asked questions

More guides on Finder

Save on your health insurance

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

2 Responses

    Default Gravatar
    ChristineApril 12, 2017

    To where do I post a Medicare claim?

    I have tried the various electronic options and they don’t work.

    For mobility reasons
    I can’t get to our nearest Medicare Centre (Windsor)

    Can I post the claim to your Windsor (3181) street address?

    Christine

      Avatarfinder Customer Care
      ZubairApril 12, 2017Staff

      Hi Christine,

      Thank you for your question.

      You will need to contact Windsor Service Center directly to confirm if they have an option of claim via post. You can also call Services Australia about payments and services for Medicare.

      All the best,
      Zubair

Go to site