What every 30 year old needs to know about using health insurance to save money

How are thousands of tax-savvy young Australians avoiding a 1.5% surcharge at tax time, while also potentially saving themselves thousands of dollars into the future? 

By taking out eligible hospital cover in their early 30s, they can keep their Lifetime Health Cover loading low or avoid it altogether, as well as avoiding the government’s Medicare Levy Surcharge. 

The best part is it only takes a matter of minutes to do this through our website – and we’ll help you avoid the paperwork too.

Here’s How You Do It:

Step 1: Select your current life stage below.
Step 2: Once you select your preferred coverage options, you will have the opportunity to compare quotes from multiple health funds.

Choose your life stage.

I’m looking at health cover for…

Avoid a lifetime of loading fees


The Medicare Levy Surcharge (MLS) is easy to understand – earn over $90k (or $180k as a couple) and you’ll have to pay a tax surcharge if you don’t have eligible hospital cover. 

But Lifetime Health Cover loading (or LHC for short) can really catch people out – and leave Australians with expensive health premiums later in life.

Here’s what you need to know:

     1. A 2% LHC loading is added to your premium for every year you haven’t held eligible hospital cover.

     2. LHC kicks in from the 1st July following your 31st birthday.

     3. The maximum LHC you can be charged is a staggering 70%.

     4. You can’t use extras cover to avoid the LHC – that covers things like dentists and counselling.

There is good news. Get appropriate hospital cover – even at at basic level – and you can avoid the MLS while you hold that cover, and prevent any further LHC loading.

Take two minutes to find the right hospital cover


Last year
our team saved our customers an average of $312* when they purchased health insurance with us. 

Read what our customers have to say about us and when you’re finished, pick your state and we’ll compare quotes from Australia’s leading insurers. We’ll even handle the paperwork when you find a policy you like.

Ready to keep both your tax bill and health cover costs low? Take a few minutes to compare and see how much we can save you.

Get Started Now:

Step 1: Select your state below .
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

Choose your area.

Which area are you in?

*Average savings based off 25,311 customers during 2020

This article is opinion only and should not be taken as medical or financial advice. Check with a financial professional before making any decisions.

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