Health insurance for young singles

Average customer rating: 4.3/5
Written by Joshua Malin
Reviewed by Steven Spicer
Updated 08 April, 2024

Young singles cover explained

Young singles cover explained by Dr Ginni Mansberg.
Dr. Ginni Mansberg

Why take out cover as a young single?

Young Australians sometimes believe that they don’t need private health insurance, as they’re still in good health and are covered by Medicare for emergencies. However, this isn’t necessarily the case; here are a few examples where you might want private cover:

  • Do you need prescription glasses? Extras cover can help out with optometry needs, such as prescription glasses and contact lenses.
  • Participate in lots of physical or contact sports? Some sports come with a higher risk of injury, so a combined hospital policy and extras cover including physiotherapy might come in handy.
  • Planning a family? While you’re young and single, children might seem far from your mind, but bear in mind hospital cover for pregnancy and assisted-reproduction services have a 12-month waiting period.
  • Are you a high-income earner? If your income is over $97,000 per year as a single, you’ll have to pay the Medicare Levy Surcharge (MLS) for every day that you don’t hold a valid private hospital insurance policy. An extras-only policy won’t exempt you from the MLS, so if you’re a high-income earner who only wants extras, you could take out extras combined with Bronze or Basic hospital cover to avoid the surcharge.

Choosing health cover as a young single

Once you’ve decided you want a private health insurance policy, you’ll need to decide on the right cover for you and your budget. Here are a few things to keep in mind when comparing private health cover:

  • Level of cover. There are four different tiers of hospital cover for you to choose from; these are Basic, Bronze, Silver and Gold. The hospital services you’re covered for will depend on the tier you choose.
  • Extras limits and rebates. On an extras policy, you’ll have limits which determine the total amount you can claim. Each time you claim on an eligible service, you’ll receive a rebate until you reach the limit. The rebate could be a percentage of the total cost or a set dollar amount. It’s generally a good idea to look for a policy with generous limits and rebates for the services you know you’ll use.
  • Choose your excess. The excess is a set amount you pay on admission to a private hospital. When you take out a hospital cover policy, you can often choose your own excess from a few options. Choosing a higher excess will typically reduce the premiums you pay, which might be beneficial if you rarely go to hospital.

Expert tips for choosing the right optical cover for you

Our health insurance expert, Steven Spicer, has some tips on how to find a suitable health insurance policy as a young single.

Steven Spicer
Executive General Manager – Health, Life & Energy

Keep an eye out for complimentary discounts programs

Some insurers offer complimentary well-being and discount programs as part of your health insurance. These programs often entitle you to many additional benefits such as discounts on shopping, movies and even flights. These great benefits can help offset some of the costs of your premiums.

You could stay on your parents’ policy until 31

If you’re in the position of coming off your parent’s policy as you’re no longer studying, there is the possibility you could stay on longer with a different health fund. There are some funds that could cover you until 31 even if you’re not studying full time. It might be worth your parents comparing their options to find a better deal.

Avoid ‘junk’ cover options

If you’re looking to take out cover to avoid the MLS or Lifetime Health Cover (LHC) loading, it can be tempting to only take out a basic level of hospital cover. However, these basic cover policies are often referred to as ‘junk’ policies within the industry, as they provide very little coverage.

Benefits of health insurance for young singles

Hospital cover

Extras cover

What’s the best health insurance for young singles?

Singles cover costs

How much does health insurance cost for young singles?

Is couples health insurance cheaper than singles?

Are health insurance premiums cheaper for males or females?

More information

Are there waiting periods for singles health insurance?

Can a young single parent get singles health insurance?

How long can I stay on my parents’ health insurance policy?

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 Elective surgery waiting times, Australian Institute of Health of Welfare. 2021-22.