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Silver health insurance
Silver hospital insurance is the second most comprehensive tier of hospital coverage you can buy. It's available from around $29
a week*.
Who is this cover for?
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I'm Tim, your insurance expert.
Here to help you find the right cover for you!
Step 1/2 - About your cover
Which state do you live in?
QLD
NSW
ACT
VIC
TAS
SA
WA
NT
What's your age?
Depending on your age, you may be eligible for an
aged-based discount. This is used to estimate your
rebate.
Under 65
65 - 69
70 or older
What's your household's taxable income?
This is the combined income you and your spouse earn before tax. It's needed to calculate the correct Australian government rebate.
$93,000 and under
$93,001 to $108,000
$108,001 to $144,000
$144,001 and over
What kind of health insurance do you need?
Combined (Extras + Hospitals)
Extras
Hospital
What level of hospital coverage would you like?
You can change this at any time later.
Legend
Covered
Restricted cover, You may be partially covered for
this category.
Not covered. Optional for insurer to include.
*Prices updated July 2024, in line with Finder's database of health insurance policies. Prices reflect the cheapest available for a single individual with less than $97,000 income and living in Sydney with a $750 excess.
What extras cover do you need? (Optional)
Select as many as you want or move to the next step
Preventative & general dental
Major dental & implants
Optical
Physiotherapy
Podiatry
Non-PBS pharmaceuticals
Chiropractic
Emergency ambulance
Remedial massage
Email me my results (optional)
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Silver tier hospital policies are the second most comprehensive hospital insurance policies available in Australia (second only to Gold).
The cheapest silver hospital policies start from around $28 a week.
Silver hospital insurance covers hospital treatments including dental surgery, back, neck and spine.
Pros and cons of Silver health insurance
Pros
A good level of cover for treatment in a private hospital
Includes cover for heart and vascular system related treatments
Many Silver plus policies offer a lot of flexibility around which Gold treatments you need covered
Cons
While cheaper than Gold, Silver cover is still on the pricier end, generally costing around $115+ per month
Silver policies cover some uncommon treatments that not everyone needs cover for
Doesn't cover outpatient services without additional extras cover
Compare more Silver health insurance policies
The following table shows insurers from Finder partners that offer Silver health insurance policies. All prices are based on a single individual with less than $93,000 income and living in Sydney.
I originally signed up for a Gold insurance policy because I wanted to cover everything. As it turns out, a Silver policy covered everything I needed so I dropped down a tier and save money on my repayments every month.
Finder survey: How many Australians in different states think hospital insurance is worth it?
Response
WA
VIC
SA
QLD
NSW
Somewhat
42.45%
34.44%
30.67%
37.06%
42.17%
Yes
33.02%
34.81%
42.67%
30.46%
37.38%
No
24.53%
30.74%
26.67%
32.49%
20.45%
Source: Finder survey by Pure Profile of 1006 Australians, December 2023 Data for ACT, NT, TAS not shown due to insufficient sample size. Some other states may also be excluded for this reason.
HCF's Hospital Standard Silver Plus ranked in first place out of all of the eligible silver policies we analysed. The not-for-profit health fund's policy costs approximately $30 per week and covers treatments including digestive system, heart and vascular system and back, neck and spine.
HBF's Silver Hospital policy ranked in second place out of all of the eligible silver policies we analysed as part of the awards. The not-for-profit health fund's policy costs approximately $28 per week and covers 30 treatments including heart and vascular system, back, neck and spine, digestive system and dental surgery.
Qantas Silver Hospital policy ranked in third place out of all of the eligible silver policies we analysed as part of the Finder awards. The fund's policy costs around $25 per week and covers a number of treatments including heart and vascular system, digestive system and dental surgery.
What are the hospital health insurance tiers?
Each of the different health insurance tiers has to cover a standardised set of treatments. Here's a quick summary of each tier.
Gold hospital cover
Gold-tier hospital insurance covers all 38 treatments outlined by the Australian government. This includes treatments like joint replacements, pregnancy and insulin pumps, as well as all services covered by Silver-tier policies.
Average premium: $242.42 a month for a single policy.*
Lowest premium: $172.80 a month for a single policy.*
Silver hospital cover
Silver-tier hospital insurance covers at least 26 treatments outlined by the Australian government. This includes treatments like dental surgery, lung and chest, and podiatric surgery, as well as all services covered by Bronze-tier policies.
Average cost: $152.22 a month for a single policy.*
Lowest premium: $102.50 a month for a single policy.*
Bronze hospital cover
Bronze-tier hospital insurance covers at least 18 treatments outlined by the Australian government. This includes treatments like joint reconstructions, gynaecology, and ear, nose and throat, as well as all services covered by Basic-tier policies.
Average cost: $100.15 a month for a single policy.*
Lowest premium: $88.70 a month for a single policy.*
Basic hospital cover
Basic-tier hospital insurance isn't required to fully cover any treatments outlined by the Australian government, but it does need to have restricted cover for rehabilitation, hospital psychiatric services and palliative care. Generally, Basic cover is primarily used to avoid the Medicare Levy Surcharge and Lifetime Health Cover loading.
Average cost: $85.93 a month for a single policy.*
Lowest premium: $77 a month for a single policy.*
*Average prices updated July 2024, in line with Finder's database of health insurance policies. Prices are based on a single individual with less than $97,000 income and living in Sydney with a $750 excess.
If you're not planning to start a family in the near future but still want reasonable coverage, then a Silver policy might be a good choice for you. It provides you with a range of benefits but doesn't provide cover for clinical categories you're not going to use, such as pregnancy and birth, and assisted reproductive services. Some sub-groups of people this might include are:
Established singles that want a good level of cover
Couples or partners without children
Families with children that aren't planning to have any more
Older Australians
Silver-tier cover provides a range of benefits that are suitable for older Australians. However, there are some treatments that may be important for some older people that aren't available with all Silver policies. Here are some examples:
Mandatory in Silver cover
Heart and vascular system
Lung and chest
Blood
Back, neck and spine
Not mandatory in Silver cover
Cataracts
Joint replacements
Weight loss surgery
Insulin pumps
People with specific needs
The Silver-tier covers more specialised treatments than Bronze cover, so can be useful for people with more specific medical needs that they need coverage for. Additionally, many providers offer 'Silver plus' policies with cover for a small selection of Gold-tier treatments. These policies add a lot of flexibility for people who want coverage for some Gold-tier treatments, but don't need the highest level of coverage.
Why you can trust Finder's health insurance experts
You pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees.
You save time. We spend 100s of hours researching health insurance so you can sort the gold from the junk faster.
You can trust us. We say it like it is. We aren't owned by an insurer and our opinions are our own.
Silver health insurance: Frequently asked questions
In an effort to make health insurance easier to compare, Australia uses a tier system for hospital cover. Every policy is either Gold, Silver, Bronze or Basic – each tier has a selection of treatments that it must cover.
Silver-tier policies cover 26 government mandated treatments, including heart and vascular treatments, dental surgery in a hospital and podiatric surgery.
'Plus' policies will cover all of the mandatory treatments for a given tier, plus at least 1 treatment from a higher tier. A Silver policy that covers assisted reproductive services as well as pregnancy and birth (both Gold-tier treatments) would be considered a 'Silver plus' policy.
Yes, Silver-tier policies will cover you for pre-existing conditions, once you've served a 12-month waiting period. This is not unique to Silver-tier hospital coverage, though, as all Australian health insurance policies must provide cover for pre-existing conditions after a 12-month waiting period.
Tim Bennett is a Finder insurance & utilities 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. See full bio
Tim's expertise
Tim has written 115 Finder guides across topics including:
James Martin was the insurance editor at Finder. He has written on a range of insurance and finance topics for over 7 years. James often shares his insurance expertise as a media spokesperson and has appeared on Prime 7 News, WIN News, Insurance News, 7NEWS and The Guardian. He holds a Tier 1 General Insurance (General Advice) certification and a Tier 1 Generic Knowledge certification, both of which meet the requirements of ASIC Regulatory Guide 146 (RG146). See full bio
James's expertise
James has written 255 Finder guides across topics including:
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You pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees.
You save time. We spend 100s of hours researching health insurance so you can sort the gold from the junk faster.
You can trust us. We say it like it is. We aren't owned by an insurer and our opinions are our own.