Private health insurance tiers explained

Everything you need to know about Basic, Bronze, Silver and Gold health insurance tiers

Average customer rating: 4.3/5
Written by Joshua Malin
Reviewed by Steven Spicer
Updated 19 March, 2024

Expert tips for choosing the right health insurance category

Our health insurance expert, Steven Spicer, has some tips on the health insurance categories to help you choose the right level of cover for you.

Steven Spicer
Executive General Manager – Health, Life & Energy

Consider a ‘Plus’ tiered policy for more coverage

Health funds aren’t required to stick to the minimum hospital inclusions – they can also include additional clinical categories through ‘Plus’ products. This could allow you to find a policy that suits your needs without paying the premiums for a higher tier of cover.

Compare coverage carefully on ‘Plus’ products

While Plus products can provide additional value, having this flexibility means there’s more variation between health funds when it comes to what’s included and excluded, so ensure that you’re aware of what you’re covered for when choosing a Plus policy.

Pay close attention to your policy documents

When comparing health insurance, it’s important to know exactly what you’re covered for. Make sure that you check all the relevant product brochures prior to making a purchasing decision and be aware of any excess and/or co-payments that you’re agreeing to and the waiting periods that apply. Typically, a higher excess will result in lower premiums and vice versa.

The private health insurance tiers

What are the different levels of hospital insurance?

Basic health insurance

Bronze health insurance

Silver health insurance

Gold health insurance

Health insurance tier costs

Are the health insurance tiers priced accordingly?

Will my health insurance tier affect my Australian Government rebate?

More information

Where can I find out what my policy covers?

What if I have complications during surgery and need treatment not included in my health insurance tier?

Glossary of terms

Meet our health insurance expert, Steven Spicer

Steven Spicer
Executive General Manager – Health, Life & Energy

As the Executive General Manager of Health, Life and Energy, Steven Spicer is a strong believer in the benefits of private cover and knows just how valuable the peace of mind that comes with cover can be. He is passionate about demystifying the health insurance industry and advocates for the benefits of comparison when it comes to saving money on your premiums.