Aussies saving hundreds on health cover before EOFY

End of financial year is fast approaching, which makes a great time for Aussies to compare health cover to see if they can find a better deal.

Aussies under 31 who lock in their health cover before 1 July can avoid the Lifetime Health Cover loading, but that’s not the only benefit up for grabs. Aussies can also take advantage of limited-time deals from health insurers.

Insurers know that Aussies are looking to save money, especially at tax time. That’s why you’ll often find added value in health insurance this time of year. But to get the most savings, hop over to Health Insurance Comparison.

People who used this free service were able to find an appropriate cover that was $320.09 cheaper on average than what they’d paid the year before


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…

If you don’t have hospital cover by 1 July following your 31st birthday, you’ll be hit with a 2% loading fee when you do get cover. And it gets worse—the loading fee accrues at a rate of 2% per year.

But when you use Health Insurance Comparison, you can chat to a qualified health insurance adviser about finding coverage that you’ll actually use. So not only will you get the peace of mind that you’re covered for what you want and need, you can also save on your premiums and avoid loading fees.

As part of the free comparison service, our experts will listen to your questions and give you the information you need to maximise your health cover savings. For example, many people don’t realise that recent government reforms have gone into effect to make private health cover more effective than ever.  

Here are just a few of the reforms that are already underway:

  • Upgrade your hospital cover to access mental health services without serving the 2-month waiting period
  • The maximum excess level was raised from $500 to $750 for singles and $1000 to $1500 for families; a higher excess can reduce your monthly premium.
  • Insurers can offer extra benefits for travel and accommodation for those in rural areas
  • Insurers can offer discounts of up to 10% to young Australians aged under 30

And it’s never been easier to compare health cover. We’ll give you the tools you need to find affordable health cover, so you can avoid unnecessary fees and save money.

Even if you aren’t affected by LHC loading, you can still benefit by shopping around this time of year. Insurers could be offering incentives or extra benefits—like no waiting periods on certain extras or even one month free to new customers.

We know that you don’t want to pay more than you have to for health insurance. That’s why Health Insurance Comparison is free to use, from your initial quote all the way to the advice you’ll get from our health insurance professionals.

And it works. Almost half a million Aussies chose to help them compare health cover last year. Don’t miss out on your opportunity to save before the end of the financial year. Your savings are just minutes away, but the clock is ticking!


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 20,400 customers during 2019

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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