How Much Does Health Insurance Cost Per Month in Australia?
How Much Does Health Insurance Cost Per Month in Australia?
Blog Article
Health cover in Australia is essential for many individuals and families, especially those who want shorter wait times and access to private care. If you're wondering how much health insurance costs per month, the answer depends on a few factors—your age, coverage level, location, and whether you're eligible for government rebates.
Average Monthly Premiums
- Singles (Basic Cover): From $120–$150/month
- Couples or Families (Mid-Tier): $250–$350/month
- Comprehensive Family Cover: $400–$500/month
What Affects Cost?
- Level of Cover: Hospital-only, extras-only, or combined.
- Excess: Higher excess = lower premium.
- Location: NSW premiums may differ from VIC or QLD.
- Government Rebate: Based on income, you may qualify for a 24% rebate or more.
- Lifetime Health Cover Loading: Higher premiums apply if you delay getting cover after age 30.
Cost vs. Value
Rather than just the cheapest policy, look at:
- Coverage inclusions (e.g. pregnancy, dental, physio)
- Waiting periods
- Preferred hospital networks
Why Use a Broker?
HMD brokers help compare policies and costs from multiple insurers. We also make sure you avoid Medicare Levy Surcharge and find a product that suits your health and financial goals.
Conclusion
If you're evaluating how much health insurance costs per month, don’t just look at price—look at value. HMD can help tailor a health plan that balances cost with care.