How much does knee replacement surgery cost?

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A guide to knee replacement costs

Updated 19 March, 2024
Written by Joshua Malin
Reviewed by Steven Spicer

Expert tips on health insurance for knee replacements

Our health insurance expert, Steven Spicer, has put together some great tips on how to find the right health insurance for your knee replacement.

Steven Spicer
Executive General Manager – Health, Life & Energy

Discuss your surgery with your doctor

Many of those who undergo knee replacement surgery experience less pain and greater mobility. However, it may not be recommended for everyone. It’s important to have a discussion with a medical professional about your situation so they can outline the potential risks and benefits of knee replacement surgery for you.

Consider a 'Plus' policy

While joint replacement surgery is considered a minimum requirement of the more expensive Gold product tier, there are many health funds that offer coverage for it on Silver Plus policies, which often come at a lower premium.

Choose your excess

Is it likely you will need knee surgery in the near future? Whilst you might pay a bit more for the premiums now, it may be best to look at policies with a lower excess. It could save you money in the long run and you can always increase it in the future.

Compare your cover regularly

It’s important to regularly review your health insurance policy to ensure it meets your needs. If you currently do not have cover for joint replacements but think you may need a knee replacement in the coming years, it might be a good idea to upgrade your policy early with a plan to serve the relevant waiting periods before you need surgery.

Knee replacement surgery and how it works

What is knee replacement surgery?

Types of knee replacement surgery

When would I need knee replacement surgery?

Knee replacement costs

How much does a knee replacement cost in Australia?

Which type of health insurance covers knee replacement surgery?

Does Medicare cover knee replacement surgery costs?

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.

1 Australian Government Department of Health. Medical cost finder. Accessed May 2022.

2 Australian Institute of Health and Welfare. Elective surgery waiting times 2020-21: Australian hospital statistics. Accessed May 2022.