Health insurers will have the option to offer discounts on hospital insurance for younger Australians (aged between 18 and 29) to help make health insurance more affordable. Medibank will be including the Youth Discount on many of our hospital covers from 1 April 2019.
The discount you receive depends on your age when you first take out an eligible hospital cover and ranges from 10% (if you take out cover before the age of 26) to 2% (if you take out cover at the age of 29).
The discount is ongoing, which means if you keep your eligible hospital cover, your discount remains until you turn 41. From then, the discount will reduce by 2% per year until it reaches zero.
From 1 April, Medibank will offer hospital products with a $750 excess on selected hospital covers. Choosing a higher excess may help reduce your health cover premiums.
You can now choose between ‘Basic’, ‘Bronze’, ‘Silver’ or ‘Gold’ products. We’ve simplified our products so it’s easier to compare each level of cover and find the one that best suits your lifestyle. We’ve also introduced standard clinical categories for all our products so you’re clear about what’s Included and what’s not.
Travel and accommodation benefits on some hospital covers for people in regional and rural areas who need to travel more than 200km for hospital treatment.
Accident cover boost
If you have an Accident, you’ll get the benefits of our top level hospital cover, no matter what level of hospital cover you have.#
Better value extras
Every Medibank Member with Extras cover gets 100% back on up to two annual dental check-ups with x-rays at any Members’ Choice Advantage dentist, after serving the two month waiting period.~ Plus, members also get 100% back on optical items at all recognised providers, up to annual limits.^
My Medibank app
Most members can view their extras limits on the go, plus you can also make a claim on a wide range of extras with the My Medibank app.*
Medibank at Home
With your doctor's support, eligible members can choose whether a treatment is delivered in the hospital or home, with a range of services, such as rehabilitation and chemotherapy.+
Canstar awarded ‘Outstanding Value Insurance’ 11 years in a row
We’re proud to deliver outstanding value health insurance products designed to suit your needs. But don’t just take our word for it.
Understanding health insurance
There may be different times in your life when you need to think about health insurance, but it may be complicated if you're new to it. We've pulled together all of the information you need to help you get started.
Things you should know
# For Accidents that occur after your cover starts and for which treatment is sought within 7 days. Excludes claims covered by third parties such as WorkCover and our Private Room Promise. Out of pockets may apply.
~ Limited to two dental check-ups on all extras annually. Maximum two bitewing x-rays per check-up, where clinically needed. Not available in all areas.
^Waiting periods apply. Up to annual limits, Some lens coatings excluded.
* Some claims, like paper based, may take longer to update. If you have Visitors Health Insurance, Working Visa Health Insurance or Overseas Student Health cover, you may not be able to use all the features.
+ Not available in all areas. Must have eligible hospital cover, all relevant waiting periods must have been served and treating doctor must consider it appropriate. Out of pocket expenses may apply.