Skip to content
Explore Overview
advertisement ad placement
Guide

How much is the Age-based Discount?

Reviewed and updated 3 April 2024

The Age-based Discount is calculated at 2% for each year you are under 30 and hold Hospital Cover up to a maximum of 10% for people aged 18-25. 

Age when you take out Hospital Cover Discount 
18-2510%
268%
276%
284%
292%
300%

The Age-based Discount lasts until you are 41 when it phases out at 2% each year.

Age when Age-based Discount reducesDiscount
418%
426%
434%
442%
450%

To keep the Age-based Discount, you must maintain your Hospital Cover every year without any breaks. 

Here are some examples of how the Age-based Discount works in practice for singles:

A single under 25

Cy was 23 when he purchased Hospital Cover and received the maximum Age-based Discount of 10%. He will receive a 10% discount until he turns 41 if he maintains his Hospital Cover without any breaks.

When Cy turns 41, his discount will reduce by 2%. His Age-based Discount will now be 8%.

Cy’s Age-based Discount will reduce by 2% each year until he turns 45.

A single over 25

Myf was 28 when she purchased Hospital Cover and received a 4% Age-based Discount. She will receive a 4% discount until she turns 41 if she maintains her Hospital Cover without any breaks.

When Myf turns 41, her discount will reduce by 2%.

When Myf turns 42, her discount will reduce by a further 2% and her insurer will stop offering her the Age-based Discount.

If you are a member of a couple or family, the Age-based Discount is calculated as an average between the two adults in your couple or family:

A couple where one person is under 25 and one person is over 25 but under 30

Felix and Shawn are a couple. If Felix has a 10% discount and Shawn has a 6% discount, their Age-based Discount on their Hospital Cover will be 8%.

A couple where one person is under 30 and one person is over 30

Jacob and Olivia are a couple. If Jacob has an 8% discount and Olivia does not receive the discount because she is over 30, their Age-based Discount on their Hospital Cover will be 4%.

We promise

Read More
Compare Every Insurer Compare all Australian health insurers and every policy
No Commercial Bias Compare using independent and comprehensive information
Cheapest Policy Guaranteed Compare all Private Health Insurance Statements, cheapest to most expensive
Free Open Access Compare without entering your name, email or phone number

Related Content

advertisement
calculate your health insurance