Silver health insurance
With Silver-tier health insurance, you can claim back on dozens of treatments – it's the second highest form of cover available to you.
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Best Silver health insurance: Finder Awards 2021
Below you'll find the finalists from the 2021 Finder Awards. Each policy was chosen based on criteria such as the excess/co-payment amount, number of associated (agreement) hospitals, treatments covered in public or private hospitals, waiting periods and annual benefit limits.
Pros and cons of Silver health insurance
- 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
- 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 $90,000 income and living in Sydney.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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.
Typical cost: From around $160/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.
Typical cost: From around $115/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.
Typical cost: From around $80/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.
Typical cost: From around $75/month for a single policy.
If a policy is described as a 'plus' policy, then it will cover the minimum number of treatments for its tier, plus at least 1 treatment from the next tier up. For a full list of the treatments covered by Silver policies, click the link below.
Who might need Silver cover?
Those not looking to start a family
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
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:
- Heart and vascular system
- Lung and chest
- Back, neck and spine
- 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.
Compare Silver health cover from 30+ providers
You can use this free tool to compare health insurance policies from 30+ Australian providers. Once you have your initial results, use the filters to see just Silver policies.
Silver health insurance: Frequently asked questions
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