Compare policies and quotes from 30+ health funds.
The easy guide to switching health insurance
How to change health funds in three simple steps.
How do you switch health funds?
- Compare - It's always a good idea to shop around and see if you can get more value for your money. A thorough comparison of all the options is easier than you might think - and could save you heaps in the long run.
- Contact the new insurer - If you find a policy that works for you, sign up. Usually this is as simple as going to the fund website, or if you're not sure, you can speak to a broker to find a policy that works for your situation. You can also authorise your new health fund to get a clearance certificate to make things even easier.
- Contact the old insurer - Once you have a new policy, you should get in touch with your previous health fund and ask them to stop your cover on the date that you're switching.
If you’re looking to switch health funds today, try using our comparison engine below to compare 600+ policies in just a few clicks. Simply enter:
- Who needs cover. Single, duo or family cover.
- The type of cover you’re looking for. Hospital, extras or combined.
- Your postcode.
Our engine will review policies from 30+ Australian funds and provide you with a list of the best value policies for the areas you've selected as being important to you. It will even let you mix-and-match your hospital and extras.
And once you’ve found the quote and policy that’s right for you and applied for cover, it’s time to switch!
- You’ll need a clearance certificate, which you can get by contacting your old health fund. Even simpler, authorise your new fund to do so on your behalf.
- Contact your current fund and advise them to stop your cover on the date your new cover starts. Remember to stop any direct debits you have set up for your old cover.
You can find further details about transferring your health insurance here.
How often do Australians switch health funds?
It's actually more common than you might think. A combination of rising premiums and consumer dissatisfaction has resulted in a majority of Australians looking for a better deal and a significant number considering dropping cover all together.
As you can see, you're not alone if it feels like time for a change.
Note: The above infographic was created using 2016 data. For more updated data, please refer to our Health Insurance Statistics page.
Why are you switching?
People switch health funds for many reasons:
When should you switch?
While you can switch funds at any time during the year, there are two months which are especially popular for changing funds. These are:
- March. This month is your last chance to lock in your premiums before the annual rate rise on 1 April.
- June. Popular because it’s your chance to move funds before the end of the financial year. And if you’ve turned 31 in the year leading up to 30 June, it’s your last chance to get hospital cover before you’re slugged with the lifetime health cover loading (LHC).
Because these times of year are so popular with consumers, health funds offer deals and incentives to try attract all the switching customers. These offers can be anything from lower premiums to gift cards to wearables.
A lot of people make the switch because premiums change often, and there might be big savings to be found.
- Out-of-pocket medical bills exceeding $10,000 report finds
- Money Hack: Saving on school holiday activities with health insurance
- Don’t be a health insurance April fool
- Australians losing faith in private health insurance
- Prepay your health insurance and save
- Rising health insurance premiums “threatening the viability of the entire health system”
Compare health insurance on finder.com.au
Get health insurance with extras and hospital cover in one policy.
Ask an Expert