What should couples look for when taking out cheap private health insurance?

Having private health insurance can be a good idea for young couples.  With private health insurance, you'll have the peace of mind of knowing you're covered for planned hospital visits.  Having coverage for common extras such as optical and dental helps you take care of essential needs when they arise, plus the bonus of paying less for physio and remedial massage visits!

Top picks for couples

Accident Only Hospital (Basic) & Easy Extras

Minimum Basic cover with additional coverage available in the event of an accident plus extras cover for the essentials that's easy on the pocket.
$ 46.85
per week
  • Dental
  • Physiotherapy
  • Remedial Massage
  • 100% back on Optical
  • Emergency Ambulance Cover
  • Upgraded cover in the event of an accident

Bronze Plus Hospital (Bronze+) & Everyday Extras

Private hospital cover with some exclusions to keep the costs down plus everyday extras cover for common services like majory dental and psychology.
$ 66.70
per week
  • Major Dental
  • 100% back on Optical
  • Health Maintenance
  • Emergency Ambulance Cover
  • Back, neck and spine
  • Lung & Chest

Silver Hospital (Silver) & More Extras

Private hospital cover with some exclusions to keep costs down, plus more extras cover for a wide range of services including podiatry and orthodontics.
$ 85.65
per week
  • Major Dental & Orthodontics
  • 100% back on Optical
  • Health Maintenance
  • Podiatry
  • Emergency Ambulance Cover
  • Heart and vascular system
  • Implantation of hearing devices

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

Understanding the basics: hospital and extras cover

When it comes to health cover, whether it's cheap or comprehensive, there are two components to consider: hospital cover and extras cover. Hospital cover pays benefits towards things like accommodation costs, doctors' fees, theatre expenses, and medical treatments. Extras cover provides insurance for services like optical, dental, physiotherapy, and more. The level of cover you choose will determine the benefits you're entitled to.

The importance of the right hospital cover

Imagine finding yourself in the hospital for any reason. Having the right level of hospital cover allows you to focus on what matters: taking care of yourself and your partner. With private hospital cover, you can skip the worry of waiting lists and potentially not be scrambling for extra funds at the worst possible time. 

Avoiding Lifetime Health Cover (LHC) loading

If you're approaching 31 now is the time to take advantage of private health insurance and secure the lowest base rate premium under the government's Lifetime Health Cover program. Each year after 30, the government applies a 2% loading if you don't have private cover. By going with even the cheapest hospital insurance policy, you can avoid the lifetime health cover penalty. If you choose to take up hospital cover later in life (yes, that’s over 31!), the Lifetime Health Cover loading will apply to your policy for a continuous period of 10 years. Learn more here.

Maximize your savings by avoiding the Medicare Levy Surcharge and Rebates

For couples, the current Medicare Levy threshold is $186,000. If your combined income exceeds this amount and you don't have hospital cover, you'll face an additional tax through the Medicare Levy Surcharge, ranging from 1% to 1.5%. Opting for a cheap health insurance policy may mean you're out-of-pocket, but the amount will likely be smaller than paying the extra tax. Learn more here

Don't forget the Australian Government Rebate, which could reduce the cost of your health cover. The rebate amount depends on your annual pre-tax income and the age of the oldest member on the policy. Learn more here.

Plan ahead for starting a family

If you're planning to start a family, keep in mind that most health funds impose a 12-month waiting period before you can access the full benefits. Waiting until you're already pregnant to search for appropriate cover won't help. By starting your search ahead of time, you'll be able to complete the waiting period and access the full benefits when you need them.

At Frank Health Insurance, we offer a range of health insurance policies made to meet your needs and budget. We make sure you're not paying for unnecessary cover or lacking coverage for the services you’ll likely use. Let us help you choose the right cover that suits you best. Get a quote

Ready to discover your perfect health insurance? Contact us today!

Get extras cover and save 15% - 40%* off dental treatments with smile.com.au

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