[Edit Sub headline]

How much will premiums change by?

Changes in premiums vary from member to member, as calculations are based on factors such as the state you live in, the type of cover you’re on, even the general claiming pattern of our members.

That said, our average premium increase for 2017 is 4.60%. This is lower than the industry average and our lowest premium increase in 15 years.

Why are premiums changing?

There are several reasons why health funds review and adjust
their premiums every year. 

Increasing cost of healthcare

While we’re living longer, Australians are also being admitted to hospital in record numbers. Chronic conditions such as heart disease and diabetes are increasing year by year. And new and more costly medical technologies, and a lack of end-to-end health management programs means the costs of treatment are also on the rise.

Ageing population

As they say, 50 is the new 30, 60 is the new 40, and so on. It’s great news that Australians, on the whole, are living longer. However, the longer we live, the more healthcare we’re likely to need.

Decreasing government rebates

The Australian Government Rebate (AGR) was put in place to make health insurance more affordable for Australians. Every year, however, the % rebate you receive has been steadily decreasing. Which means your premiums will be higher.

If you’re an overseas visitor, or on a working visa, your health cover premiums are worked out differently. Click here to find out more.


Why you should stay covered

You never really worry about going to hospital. Until you have to. Hospital cover gives you the certainty of knowing you’ll be treated where you want, by a doctor of your choice.

Extras that are actually essential

Healthy teeth aren’t just a nice-to-have. Just like good eyesight, they’re a necessity to day-to-day health and wellbeing. That’s why we provide generous optical and dental benefits on our range of Extras cover.


What you can do to get better value

Here are some simple steps you can take, right now, to ensure your Medibank health cover is giving you the cover AND value you deserve.

Know your cover to make the most of it

There’s no trick to it. Getting better value from your cover can be as simple as understanding what’s included in your cover. We recommend you to log in to medibank.com.au/members to refresh your knowledge of your cover.We've also prepared a little cheatsheet with tips to help you make the most of your current cover.

Choose a Members’ Choice provider

100% back on some services, fixed up-front costs so you know what you’re paying, and a wider range of extras services than any other health insurer. It helps to have access to one of the largest networks of health service providers in the country.

Make sure your cover suits your needs

It’s always a good idea to see if your cover is moving in the same direction as your life, especially if you’re thinking about starting a family, or there are other significant changes to your circumstances. Talk to one of our team members on 134 190 to explore your options.

Avoid the Lifetime Health Cover loading (LHC)

The LHC is a government levy that may be applied to premiums if you take up hospital cover after your 31st birthday. Staying covered is a great way to ensure you won’t be penalised if you decide you want to take up hospital cover again.

How we’re doing better by you

We’re always looking for new ways to provide better value to our members.
Here are some of those things:

Live Better

Enjoy special offers from some of your favourite brands, including Fitbit®, Palace Cinemas, and Sunglass Hut, plus discounts on Medibank Pet & Travel Insurance.


Work out on your terms with GymBetter® and enjoy pay-as-you-go access to gyms across Australia for as little as $8.50 a visit.


Link your Medibank health cover membership to your flybuys account to access even better rewards.

Medibank Mobile App

Manage your health cover from your mobile anywhere, anytime.

Frequently asked questions

If you’re on an Overseas Health Cover (such as overseas visitors or working visa health cover) your premiums are worked out differently. Click here to find out more.

We want all our members to Live Better

At Medibank, we do so much more than just health cover. In-season recipes, lifestyle & travel advice, special offers & discounts from big brand names, not to mention the latest articles on health and wellbeing. We’ve got those covered too.