Cheaper hospital cover for under 30’s

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.

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.


How much could I save?

The younger you join, the higher the discount.

The Australian Government sets the discount tiers, which range from 2% to 10% of your private health insurance hospital premium. If you’re between 18 and 25 when you join on hospital cover, you get a whole 10% off. Lucky duck.


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%


Did we mention the discount lasts a few years?

Okay, so you know you have to join before you're 30 to get a discount. But here's the best bit - whatever that sign-up discount is, you'll have it until you're at least 41 (provided you hold onto your hospital cover, of course). That's ages away! After that, the discount slowly decreases by 2% each year, on your birthday.

Just think, if you take out (and keep) hospital cover at 18, you'll save 10% on your hospital premiums for the next 23 years! That's 23 YEARS!


Cheap hospital cover for under 30s

It’s a tough gig to be a young person these days. You’re trying to kick start adult life; the world is expensive and your hard-earned doesn’t always stretch as far as you’d like.

If you’ve got youth and good health on your side, you may not need the highest level of hospital cover for this season of life. If you’re happy to exclude services in order to keep the price down, Frank Entry Hospital (Basic+) cover or Frank Private Hospital (Bronze) cover might be worth a look-see. The easiest way to choose is to check what’s covered in each product tier (Basic, Bronze, Silver, Gold) to make sure you’re only covered for the level that you need.

Frank are keen to make it easier for younger Australians to have access to affordable private health insurance hospital cover. We know the little things can go a long way, which is why we offer the age-based discount on all levels of Frank hospital cover. No matter what hospital cover you choose, you'll still benefit. A lot can change in a decade, but you can rest easy knowing your discount level won’t be one of them (provided you keep your hospital cover of course).

For example:
You’re 26 years old and you’re looking to take out hospital cover for the first time. You're eligible for an 8% age-based discount on your hospital premium (single policy). As long as you keep your hospital cover, that 8% discount is then locked in until you turn 41. Your discount will see you through your entire 30s and will then drop by 2% each year after you turn 41 until it reaches 0.

Choosing the right insurance for under 30s

There’s plenty of hospital covers to choose from, but we’ll make it easy and start you off with three that might suit below.

To get a quote online with Frank, just select a cover below, pop in your date of birth and if you’re eligible, your age-based discount will be included in the premium total. Easy!

You can see our full range of covers here.

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

Entry Hospital (Basic+)

Entry hospital cover for some essentials
$ 19.35
per week
  • Emergency Ambulance Cover
  • Dental Surgery
  • Joint Reconstruction

Bronze Plus Hospital (Bronze+)

Private hospital cover with some exclusions to keep the costs down
$ 23.65
per week
  • 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.

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

Get extras cover and save 15% - 40%* off dental treatments with

*Savings may vary between dentists. It is recommended that members obtain a quote prior to treatment.