Age-based Discount

You can use our healthslips.com.au Calculator to calculate your Age-based Discount. To get an accurate result, you will need to answer the following questions:

No. Insurers do not have to offer the Age-based Discount to their customers because the Australian Government has made it optional for insurers to offer it. If an insurer offers the Age-based Discount on a policy, they must offer the Discount to all eligible holders of that policy, including existing and new policy holders. If...

Dependants cannot claim the Age-based Discount. This means that, if you are 18-29 years old and covered as a dependant on a family or single parent Hospital Cover policy, you cannot claim the Age-based Discount.  You must have your own policy to be eligible for the Age-based Discount. 

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 18-25 10% 26 8% 27 6% 28 4% 29 2% 30 0% The Age-based Discount lasts until you are...

The Age-based Discount is a discount on the cost of Hospital Cover for people under 30 to encourage them to take out Hospital Cover. If you are under 30 and your insurer offers it, you can save up to 10% on the cost of your Hospital Cover each year until you turn 41 when the...

In this Guide, we explain the Age-based Discount, which is one way the Australian government encourages younger people to take out private health insurance. If you are under 30 and your insurer offers the Age-based Discount, you can reduce the cost of your Hospital Cover. Depending on your age, you could receive a discount of...