Get up to $200 off when joining hospital & extras
Offer applies when joining combined cover before 30 April 2020.
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Whether it's your first policy, or you're looking to switch - there are plenty of choices for singles health insurance.
You can choose from a Hospital Cover (in-hospital treatment and hospital costs), Extras Cover (such as the dentist or physio), or you can get a package that includes both.
Here you can find a few singles health insurance options from Finder partners. All prices are based on a single policy with a $750 excess. These options looked at a mid-range level of cover and price with inclusions for common treatments such as dental.
|Fund||Policy||Summary of inclusions||Price per month||Apply|
|Lite Flexi Bronze Plus||For less than $120 a month, this policy includes 20+ hospital services. You also get $800 per year to spend on extras like dental and physiotherapy.||$118.35||Go to Site|
|Bronze Everyday + Top Extras||This mid level policy includes 26 hospital services. You'll also get a very high level of extras including massage, major dental and natural therapies.||$146.25||Go to Site|
|Silver Hospital and Core and Wellbeing Extras||This is a mid level of hospital cover with 26 categories included. Extras include a $600 dental limit, $300 back on therapies,$300 back on chiropractic and $250 for optical.||$153.59||Go to Site|
|Silver Hospital + Lifestyle Extras||This mid entry-level option covers 30+ hospital procedures including heart-related conditions and chemotherapy. You'll get unlimited preventative dental & 60% back on extras.||$155.93||Go to Site|
Prices are based on a single person in Sydney earning less than $90,000.
Compare singles quotes in just a few clicks.
A singles policy that meets your specific needs is what makes it the best. However, there are some general features you may want to check:
No matter your life stage, the right kind of health cover you need depends on your general health, your lifestyle, your income and your personal preferences. Some examples include the following:
Out of the two types of health insurance available, young people tend to lean more towards extras cover, which provides a more immediate return on investment by allowing them to claim for optical, dental and physio fees, which aren't covered by Medicare.
On the other hand, young singles often view hospital cover as a waste of money since they feel it's unlikely they'll require any hospital treatment until later in life. However, the statistics below tell a different story:
Some people choose to pair a cheap basic hospital policy with a higher level of extras cover. That way they are covered in the event of accidental injury and also for the commonly used out-of-hospital services mentioned above.
In addition to the benefits outlined above, there are some other incentives for taking out cover that some singles may not be aware of. The benefits of getting the best* health insurance for singles earlier rather than later include the following:
One common choice young Australians make when looking for cover is to opt for the cheapest policy available, which invariably is an extras-only policy. While the young and single may not be as susceptible to illness as the very young or old, they are susceptible (like everyone) to injury ... and maybe even more accident-prone.
Those aged between 15 to 34 make up a bulk of the hospital admissions into emergency departments each year. According to a study conducted by the Australian Institute of Health & Welfare (AIHW), in 2014-15 Australians in this age bracket accounted for 2,045,943 visits to the emergency room. Of that 1,031,769 were aged 15-24 and 1,014,174 were aged 25-34. That means the young accounted for almost 28% of all emergency department admissions.
There are a number of reasons why you should take out private health cover you're young and find the best health insurance for young singles.
It’s important for all Australians to choose a policy that is suited to their life stage. So if you’re a young and healthy single with no medical concerns, you may want to choose a policy that provides cover for the services you need and excludes the service you don’t use.
However, settling on these benefits is not always easy. As the AIHW statistics showed, more than 2.04 million Australians between the ages of 15-34 needed treatment in an emergency room in 2014/15. This means these people may have been able to benefit from having cover for emergency ambulance transport and treatment after the accident. But how else can young singles benefit from having health insurance?
The main advantages of singles hospital insurance over the public system are that:
If you're happy to rely on the public hospital system but still want access to extras such as optical and physio, an ancillary (extras) policy may be the better option for you. Extras policies can be taken out for under $10 a week and can provide you with access to a range of extras including:
There are a range of broader health programs available and these benefits differ from fund to fund, so make sure you review the policy before making a decision to make sure you're getting the most out of your cover.
There are several reasons why you might have to leave your parents' health fund including:
Unfortunately, they can't. In the past, single parents were forced to get cover under a family policy, which meant they would pay double what a single would pay on only one income. Happily, changes to government legislation in 2007 enabled health funds to offer premium reductions to single parents, making health insurance more accessible.
Be aware that the size of the reduction is up to the health fund (one might offer 10% and another 25%), so be sure to shop around to find out which ones are offering the highest discount. If you're a single parent who took out cover prior to 2007, make sure to check that you are receiving a reduction and if not, consider switching to another fund.
Picture: Lucas Lenzi, Alexis Brown - Unsplash
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