Winner: Best Fund
- Winner: Best Health Fund 2023
- Highest % no-gap of services of any open health fund
- Gold Hospital Elevate covers all 38 categories including weight loss surgery
*Prices are based on a single person living in Sydney earning less than $90,000 per year.
Here are a few policies from Finder partners that cover weight loss surgery. To see more about great health policies, see our guide to Australia's best health insurance products. All prices are based on a single individual with less than $90,000 income and living in Sydney.
Why compare health insurance with Finder?
We don't ask for your phone or email to see prices.
With 1 click, you can open your results to nearly every fund in Australia.
You pay the same price as going direct – we charge no fees.
If a physician recommends weight loss surgery, it will usually be one of the following types. To learn more, see our guide to getting weight loss surgery.
This is where the surgeon wraps a silicone band around the top portion of your stomach, reducing the amount you can fit in your stomach.
This is where the surgeon reduces the size of your stomach by permanently removing a section of it. Like the lap band, this causes you to feel full quicker and eat less.
This is where the surgeon divides your stomach into 2 sections, then connects your small intestine to the smaller of the new stomach sections. This helps you to eat less, absorb fewer calories and react negatively to sugar.
The surgeon removes a section of the stomach (as they would with a sleeve gastrectomy) and then relocates the bottom of the stomach further down the small intestine. Like the gastric bypass, this procedure causes you to eat less and absorb fewer calories.
In this procedure, the surgeon puts a small tube into your body and sucks the fat out with a vacuum. Liposuction doesn't affect your appetite.
Weight loss surgery costs without insurance differ depending on how much the surgeon, anaesthetist and assistant charges, pathology costs and the type of procedure you undergo. Here's an overview of surgery costs in Australia based on a number of health providers we looked at.
|Gastric/Lap band||$10,000 - $20,000|
|Sleeve gastrectomy||$12,180 - $20,000|
|Gastric bypass||$16,000 - $18,000|
|Duodenal switch||$29,000 - $55,000 (average ~$33,000)|
Costs sourced from Advanced Surgicare, Central Coast Surgery, Medibank, New Body Specialists and Bariatric Surgery Source.
To help lower these costs, make sure you get the Medicare Benefits Schedule (MBS) number for the type of surgery you require. Don't expect it to significantly lower the costs, though. For example, Item 31575 (sleeve gastrectomy) pays a $663 benefit. Some useful item numbers for weight loss surgery are outlined below.
No, it's not always possible for anyone to get weight loss surgery. This is because it's not always the best course of action for everyone. It also depends on whether you receive treatment through the public system or privately.
To be eligible for treatment in the public system (Medicare), you need to have a body mass index (BMI) of at least 35, demonstrate that you've failed using other approaches and you'll have to undergo a psychological evaluation. You'll also have to find a public hospital that will do this sort of treatment, and there are only a few in Australia.
Private health insurers will require you to have a face-to-face consultation with a physician to determine if the surgery is necessary, and some insurers require you to have a BMI above a specific number. However, these requirements are less restrictive than Medicare and you will have more choice of hospitals.
You'll only find health insurance for weight loss surgery with a gold-tier hospital policy. If you're not already on one, you'll want to get on one soon because there will be a waiting period, usually around 12 months.
Many extras policies cover weight management programs such as fitness classes, money off gym memberships and nutritional consulting programs such as WW (previously Weight Watchers) and Jenny Craig. This can give you a chance to learn new wellness habits pre-surgery or, in some cases, avoid having surgery altogether. Waiting periods are a lot shorter – usually around 2 months.
If you're looking for a standing desk for the home office, the Omnidesk Ascent is our #1 choice for 2023.
It's time to sort out your NBN plan for the new year.
Invest in an index fund instead of actively trading stocks and you not only save on time and fees, you could be earning more in returns too.
SPONSORED: Upgrade your internet before the end of 2023 and get ahead on your life admin! We take a look at some of the benefits of a faster internet connection.
Young Australians cite overspending as the main reason for not reaching their financial goals.
What you need to know about investing in Shein from Australia.
Your guide to currency exchange in Brisbane, including how to get the best exchange rate.
Addressing speculation that interest rates might fall in late-2024, ANZ CEO Shayne Elliott said he thought it was too optimistic.