Victorian hospital premiums are the highest in the country, which sucks. However, premiums are standardised by state, so you'll pay the same whether you live in Melbourne, Morwell or Mildura. 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 Melbourne. The numbers are updated monthly.
| Basic | Bronze | Silver | Gold | |
|---|---|---|---|---|
| VIC | $87.14 | $106.88 | $159.93 | $240.38 |
| Australia | $84.13 | $98.73 | $148.21 | $219.35 |
42.4% of Victorians have hospital cover, while 50.2% have extras cover. That's less than the national averages, especially for extras. See the table below for more details. These numbers come from APRA's quarterly health insurance statistics in August 2023.
| Hospital Cover | Extras cover | |
|---|---|---|
| VIC | 42.4% | 50.2% |
| Australia | 45.1% | 55.0% |
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| Response | WA | VIC | SA | QLD | NSW |
|---|---|---|---|---|---|
| Peace of mind | 38.68% | 34.81% | 32% | 35.53% | 34.5% |
| To avoid public surgery waiting lists | 24.53% | 22.22% | 26.67% | 24.37% | 23.32% |
| To get better health care as I get older | 20.75% | 10.74% | 12% | 8.63% | 14.38% |
| For tax reasons | 16.04% | 13.7% | 10.67% | 9.64% | 17.25% |
| To have a private hospital room | 13.21% | 9.26% | 13.33% | 10.15% | 9.9% |
| To get better health care for my family | 8.49% | 10.37% | 9.33% | 7.61% | 10.54% |
| To pick my own surgeon | 8.49% | 7.41% | 4% | 6.6% | 7.03% |
| To cover a specific issue (non-pregnancy) | 3.77% | 4.44% | 3.55% | 4.79% | |
| For pregnancy cover | 2.83% | 2.22% | 1.33% | 2.03% | 3.19% |
| None of the above | 0.94% | 0.74% | 0.64% | ||
| Other | 0.37% | 0.96% |
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