Explore Health Insurance

Whether it’s exercising early in the morning, eating a healthy lunch, or stopping in at the doctor’s at the end of the day, taking care of your health is a 24/7 responsibility. However, we can help you shoulder the burden in one specific area: private health insurance.

When it’s just you working and paying the bills, it’s vital to safeguard your health as exhaustively as possible. Taking out health cover from any one of Australia’s health funds is an ideal way to do this.

So, why take out singles health insurance? Here are a few reasons.

Health cover when you’re young, peace of mind when you’re older

When you’re young, you likely want just the basics! After all, younger Aussies may not have as many healthcare need as the older generations. That probably means taking out low-level singles hospital cover (just in case the unexpected arises) and maybe a few benefits from an extras policy.

Extras insurance covers treatments not subsidised by Medicare, like dental check-ups, optometry (such as prescription glasses) and physiotherapy. Because of this, it can be terrific value for money and could mean you get to enjoy the Private Health Insurance Rebate – where the government helps pay for your private cover. If you’re a high-income earner, having a singles health insurance policy means you might also avoid paying the Medicare Levy Surcharge.

Taking out private health insurance when you’re aged 18-29 also means you may be able to take advantage of the Age-Based Discount, which can be up to 10% off your premiums!

Health insurance that grows with you

As you approach your thirties, taking out hospital cover becomes more of a priority so you can avoid the Lifetime Health Cover (LHC) Loading. If you have a hospital insurance policy by 1 July following your 31st birthday, you’ll avoid this loading. If you don’t, you’ll pay two per cent more in premiums for every year you choose not to take out cover. For example, if you take it out at age 40, you’ll pay 20% more in premiums!

When you reach middle age, you probably start to take your health more seriously, since it’s something you’ll want to protect over the long haul. Because of this, many older Australians like to take out cover that’s quite comprehensive; treatment in private hospitals is a given, but also access to the full suite of extras available through your health fund.

Avoid long public waiting lists

A report by the Australian Institute of Health and Welfare (AIHW) looked at the average waiting times for public hospital admissions for elective surgery in Australia. This is what they found:¹

PatientsDays waited
50% of patients40
90% of patients268
Proportion of patients who waited more than 365 days1.80%

¹Source: AIHW, Elective Surgery Waiting Times, pg 25

Sure, you may end up the exception to the rule and not need to wait anywhere near this long for your elective surgery. Also, you are seen to immediately in emergencies.

However, compared to private patients’ average wait time of 22 days for elective surgery, you might understand why this is one of the more compelling reasons singles across the country enjoy private health insurance. They can avoid public hospital waiting lists for specific procedures, and you can too with singles health insurance.

Frequently asked questions

How does health cover for singles work?

Instead of having multiple people on one policy, singles health insurance will cover one person. Singles health cover can be more tailored to the policyholder, as they may not need the same or as many benefits as family policies have.

Private health insurance is split into two products: hospital and extras cover. You can purchase either of these products on their own, or combine them into the one policy. Hospital policies pay for your treatment as a private patient in a hospital, while extras policies cover out-of-hospital treatments like dental and physiotherapy.

Compare health insurance through our free comparison service today.

How much is health insurance for singles?

The cost of private health insurance for singles depends on the following factors:

  • Lifetime Health Cover (LHC) loading. If you took out health insurance for the first time after 1 July following your 31st birthday, you’d be subject to LHC, which adds two per cent to your premiums for each year you didn’t have health cover;
  • Excess. Some providers allow you to choose a higher excess in exchange for a lower premium, and vice versa; this will affect how much you pay for your singles health insurance;
  • Co-payment. Rather than a one-off excess, some providers may offer a co-payment instead, which is an amount you pay for every day you’re in hospital;
  • Your location. This factor may not be as obvious, but it can affect your premiums if, for example, you live in an area with a higher rate of claims. Hospital charges may also vary between the states and territories.
  • Rate rises. Each year around April, health insurance premiums rise by an average percentage amount, and not all health insurance providers will raise their premiums by the same amount. We believe this is the best time to review your policy and compare health insurance to make sure you’re getting the best deal – and price.

What if I have pre-existing health conditions?

That’s completely fine. Health insurance is community-rated, which means insurers cannot charge you more based on your age, occupation, gender or health conditions.

In most cases, you can still include extras and hospital benefits in your cover that relate to your conditions at no extra premium, though you’ll typically have to wait 12 months before you can claim against them.

Compare health insurance through our free comparison service today.

How much is health insurance for a single female vs a single male?

Unlike other types of insurance (like life or car), health insurance doesn’t take your sex into account when setting your premiums. In fact, the only difference based on sex that you might find in health insurance is policy benefits, since men and women have different health care needs.

Compare health insurance through our free comparison service today.

Is couples health insurance cheaper than singles?

Not always; a couple might have different healthcare needs and may need to claim on a broader range of benefits. However, you and your partner may be eligible for a larger rebate from the government. It might also be easier to pay for premiums with two incomes instead of one.

You may choose to switch to a couples policy when you begin a relationship, and then to a family policy if you choose to have children. Be aware that pregnancy and birth-related services have a 12 month waiting period for coverage, so be sure to plan ahead! Policies for single-parent families are also available.

Compare health insurance through our free comparison service today.

How to find great-value singles health insurance

If you want to take out singles health insurance, a great way to find a good deal of premiums and benefits is by shopping around and comparing your options.

When looking for a singles health insurance policy, it’s essential to consider things like:

  • Which level of cover you want. The four tiers of hospital cover – Basic, Bronze, Silver and the top level of Gold, as well as the ‘plus’ policies – each include an increasing number of treatment categories, so you’ll have to work out which medical services you want to cover and choose the corresponding level.
  • How much you’ll pay for it. It’s generally a good idea to stick within your budget and not pay more than you can afford, but you should also make sure you’ll be getting adequate cover for your money.
  • How much you’ll pay when you need to claim. Make sure you check the Policy brochure of any policy before purchasing it so you know how much your excess and gap payments may be.

Luckily, you don’t have to go far to compare singles health insurance, as you can head straight over to our health insurance comparison service! Our service is fast, simple and completely free to use. Simply enter a few details about yourself and the type of coverage you want, and our service will sort through the range of policies we have on offer.

Anthony Fleming, General Manager

Meet our health insurance expert, Anthony Fleming

As General Manager of Health Insurance and Life Insurance for Compare the Market, Anthony Fleming is committed to helping Australians avoid large out-of-pocket expenses by making the system work for them. When it’s just you paying the bills, having a health insurance policy in place, can help you get back on your feet quicker after an unexpected accident.

Anthony has 17 years’ experience working in various roles across the health and general insurance industries. He’s also a Board Member of the Private Health Insurance Intermediaries Association and has appeared on Sunrise and Channel Seven News on behalf of Compare the Market.

So, what are you waiting for?

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