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Understanding Health Insurance

Health Insurance can be tricky to understand. We've made this guide to help you started.

Getting started with 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. This guide will help answer your questions.

Is health insurance better for you?

When it comes to health, ‘better’ is different for everyone. Work out if health insurance is better for you.

Use our ‘People Like You’ tool to get an idea of common hospital procedures for people like you and what cover might be suitable. We'll email you a free report to keep.

Get to know health insurance

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

Frequently asked questions

Extras cover gives you money back for non-hospital services such as dental, physio, optical 
and more. 

The amount of money you can claim back depends on the level of cover you have. 
Generally speaking, the higher the level of cover, the higher your annual limit and higher the percentage you can claim back. 

All health funds have waiting periods. In short, a waiting period is a period of time you need to wait after taking out your cover before you can receive benefits for services or items covered.

You’re not able to receive benefits for any items or services you might have obtained while you’re serving a waiting period or before you joined Medibank.

A cover that helps with the cost of a member's hospital stay as a private patient including:
- hospital accommodation on the ward,
in-patient medical treatment; and
- associated appliances provided during the admission e.g. approved internal prostheses

The Australian government provides the Australian Government Rebate on private health insurance to encourage people to take out private health insurance. Find out more about the Australian Government Rebate.

Get one month free

Join Medibank combined hospital and extras cover today and get your second month free. Use promo code ‘MONTHFREE’.*

Things you should know

* - For new members on new memberships. Must hold eligible product for 30 continuous days and pay by direct debit to get second month free. Must quote promo code MONTHFREE at the time of joining. Excludes Corporate Covers, Accident Cover, Ambulance Cover, Visitors Health Insurance, Overseas Students Health Cover (OSHC), Working Visa Health Insurance, ahm covers and other selected covers. Not available with any other offer.