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Understanding health insurance

Health insurance can be tricky to understand. We've put together some guides to help get you started.

Understanding health insurance

Getting started

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. This guide will help answer your questions.

How much extra tax could you be paying without health insurance?

Use our Medicare Levy Surcharge Calculator to discover how much extra tax you may be paying by not having the appropriate level of Hospital cover for a full tax year#.

Still confused about health insurance?

Below are some helpful links to help you understand and how to use your health cover.

How much will my procedure cost?

Want to know what the most common procedures are for someone like you? Use our Procedure Cost Estimator to find out what they are, and how private health insurance can help you to manage the cost.

Medibank Canstar Award for Outstanding Value 10 Consecutive Years

Canstar awarded ‘Outstanding Value Insurance’ 10 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.

Frequently asked questions

2&6 month waits waived

Join combined hospital and extras cover and we’ll waive the 2&6 month waits on extras*. That’s no waits for services like general dental, optical, physio and chiro. Use promo code WAIVER.

Things you should know

* - Offer for new members who join eligible combined hospital and extras cover. Must quote promo code WAIVER and set up direct debit when joining, and we’ll waive 2 & 6 month waiting periods on extras. Other waiting periods still apply, and if you’ve used up to your annual limit from a previous fund you may not be able to claim straight away. Excludes Accident Cover, Ambulance Cover, Visitors Health Insurance, Overseas Students Health Cover (OSHC), Working Visa Health Insurance, ahm covers, some Corporate covers and other selected covers. Not available if you’ve had a Medibank policy in the last 2 months. Not available with any other offer.

# - This calculation is a guide only. For a more detailed quote of what you might pay we recommend speaking to a financial advisor who will be able to take into account your income and personal situation.