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 pay without health insurance?

Use the Medicare Levy Surcharge Calculator to find out if you're eligible, or discover how much you may be paying in extra tax by not having Hospital cover for a full tax year#.

Get to know health insurance

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

Is private 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.

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

Enjoy a new look on us

Join combined hospital & extras today and you could get up to $400 to spend at Specsavers. Plus, we’ll waive your 2 & 6 month waits on extras. Use promo code SPECSAVERS.1

Things you should know

*- For new members on new memberships who join and start eligible combined hospital and extras cover during the promo period (from April 15, while stocks last). Must quote promo code SPECSAVERS and set up direct debit when joining. Excludes Accident Cover, Ambulance Cover, Visitors Health Insurance, Working Visa Health Insurance, OSHC, ahm covers, some Corporate covers and other selected covers. Not available with any other offer. Gift card terms: Must maintain eligible cover and direct debit for 40 consecutive days after the cover start date. Gift card could take up to 8 weeks from the cover start date to arrive by post. Singles and single parents will receive a $200 Specsavers gift card, and families and couples will receive a $400 Specsavers gift card. Gift card can be redeemed at Specsavers stores, is not transferrable and is valid for 12 months from date of issue. Card must be activated within 6 months of issue. For full terms and conditions on activating and using your card see www.activatemycard.com.au/ specsavers. 2 & 6 waiver terms: 2 and 6 month waiting periods on extras waived. Other waiting periods apply. If you’ve reached your limits from a previous fund you may not be able to claim straight away. 

# - 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.