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Do I need health insurance if I'm healthy?

Health insurance may give you peace of mind, even if you're healthy. Below is a general guide to help you decide whether health insurance is for you.

Is health insurance worth it?

The meaning of 'worth' is different for everyone but it's good to consider what it means to you when it comes to your health. Health insurance generally consists of hospital cover and general treatment cover, also known as extras cover.

What is Hospital Cover?

Hospital cover can pay towards services you receive when you're admitted to hospital and treated as a private patient. With hospital cover you can choose whether you want to be treated as a private patient at either a private or public hospital (provided the service is included under your cover) and can generally choose your treating doctor.

What is Extras Cover?

Extras cover helps with the costs of going to the dentist, getting glasses, regular trips to the physio and more. These services are designed to help keep you on top of your health even when you're feeling healthy.

But are extras worth it? 

More information: Is Extras Cover worth it?

Do I need private health insurance for tax purposes?

The Australian government introduced the Medicare Levy Surcharge and the Australian Government Rebate on private health insurance, which may affect you at tax time, depending on your situation. For example, the Medicare levy surcharge is levied on Australian taxpayers who do not have an appropriate level of private hospital cover and earn above a certain income.

More information: Health insurance and tax

Ready to get started?

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 with our ‘People Like You’ tool and hear what other Australians had to say.

Useful resources

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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.

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How much extra tax could you pay without hospital cover?

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

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Understanding Health Insurance

Health insurance can be tricky to understand. To help, we have put some handy guides together to get you started.

Things you need to know

# - 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.