Cheaper hospital cover for under 30’s

Age-based discounts for hospital cover

The age-based discount is a premium reduction of between 2%-10%, with the percentage amount based on your age when you first purchased hospital cover. The discount is the good kind of clingy too – the percentage discount is locked in when you join and will hang around until you’re 41, provided you stay on an eligible hospital cover. Then, like our youth, it will gradually fade away each year after turning 41. The age-based discount only applies to hospital cover and not extras.

If you currently tick the 18-29 age checkbox, you could score a discount on your hospital cover with Frank. More affordable hospital cover - it’s the icing on the cake of becoming an adult.

 

Under 30? Select a product, enter your details and see if you're eligible for a discount.

Basic Accident Boost Hospital

Minimum Basic cover with additional coverage available in the event of an accident
$ 18.00
per week
Select
  • Emergency Ambulance Cover
  • Upgraded cover in the event of an accident
  • Private Emergency Department Attendance Benefit

Basic Plus Hospital

Entry hospital cover for some essentials
$ 19.65
per week
Select
  • Emergency Ambulance Cover
  • Dental Surgery
  • Joint Reconstruction

Bronze Plus Hospital

Private hospital cover with some exclusions to keep the costs down
$ 24.25
per week
Select
  • Emergency Ambulance Cover
  • Back, neck and spine
  • Lung & Chest

* The price shown is per week and applies to a Single, aged 30, living in VIC. It excludes LHC loading and includes a Base Tier Government Rebate

Benefits of private health insurance for under 30’s

Taking out hospital cover earlier in life has some solid advantages:

  • You could avoid the Lifetime Health Cover (LHC) loading by having private health hospital insurance before 1 July after you turn 31.
  • If you’re a higher income earner and don’t have hospital cover, you might have to pay the Medicare Levy Surcharge (MLS) at tax time. You may be able to avoid paying MLS by taking out hospital cover. Wondering what income makes you a higher income earner these days? More than $93k for singles or $186k for couples/families are the magic numbers / current MLS income thresholds.

Age-based discount percentages

If you're 18-29, the discounts below are what health insurers can offer on an eligible hospital cover premium. 

Your age at the time of joining hospital cover

Policy discount you could be eligible for

18-25 years old 10%
26 years old 8%
27 years old 6%
28 years old 4%
29 years old 2%
30+ 0%

Switch to Frank and keep your discount

You already have hospital cover and you joined before you were 30. Good news - you're not stuck with that insurer. We'll let you keep your discount when you switch to us. 

Be careful though. Not all insurers offer this particular age-based discount. So, if you switch to Frank from a cover that isn't age discounted, your age on the day you switch will dictate your new discount.

Frequently asked questions about the age-based discount

6 weeks free + skip 2 & 6 month waits on extras* when joining on combined cover by 19 September.

*For new members who have not been a member during the last 12 months, joining on combined hospital and extras cover, paying by direct debit. Must pay first month to receive offer. Other waits (including hospital waits), annual and sub limits apply. Extras claims made with a previous fund count towards annual limits. Offer only available via Frank website or phone joins. Not available with any other offer or Frank OVHC. Frank may end this offer at any time without notice.