Go to the privatehealth.gov.au website, which is operated by the Australian Government and provides comprehensive information on private health insurance options in Australia.

   

Look for the "Find a policy" or "Compare Policies" option on the homepage and click on it. This will take you to a page where you can compare different health insurance policies.

Complete the questionare accordingly. 

Note that everyone circumstances will vary so select the appropriate option.

Hospital cover is all that is required for tax purposes

If you have a spouse, all member will need the appropriate cover also, so be sure to select the correct option.

In order to find the cheapest options, select the lowest level of cover available. This will help narrow down the search results to more affordable policies. Additionally, set the excess amount to $750 to filter the results and only consider plans with that particular excess level.

Tip: Sort the premiums from lowest - Highest to help prioritise the cheaper policies.

To compare policies, select the options you are interested in and select the 'Compare Selected Policies' option. This will generate a list of health insurance policies that match your specified criteria.

You will now be able to compare your selected policies side-by-side to give you a nice visual representation of the different cover options.

Review each of these policies along with their features and costs. 

Pay close attention to the premiums associated with each policy, as well as any additional benefits they may offer. It's important to find a balance between affordability and adequate coverage.

Identify the policies that have the lowest premiums while still meeting your requirements in terms of coverage. Make a note of these options for further consideration.

Click on each policy to access more detailed information about the coverage details, waiting periods, and any other relevant factors that may influence your decision. This will allow you to make a more informed choice.

Based on your analysis and considering the affordability factor, choose the policy that offers the cheapest premium while meeting your coverage needs. Take into account factors such as the extent of hospital coverage, inclusions, and exclusions.

While the comparison tool on privatehealth.gov.au is a helpful resource, it's always advisable to verify the details and prices by contacting the insurance provider directly. This will ensure that you have the most up-to-date and accurate information before making a final decision.

Once you have made your decision, proceed to contact the health insurance provider directly. Reach out to them to obtain more information, clarify any doubts or queries, and complete the enrolment process.

Disclaimer: When searching for the cheapest hospital cover, it's important to be aware of the potential risks involved. While affordability is a significant factor, it's crucial to consider your personal circumstances, healthcare needs, and any specific medical conditions. The cheapest cover may not provide adequate coverage for certain treatments or services. It's recommended to thoroughly review the policy details, including inclusions, exclusions, waiting periods, and limits. Consulting with a qualified insurance professional or healthcare advisor can help ensure that the selected cover aligns with your individual requirements and offers the necessary level of protection. Making an informed decision based on your unique needs is essential for obtaining comprehensive healthcare coverage.

If you require any assistance with this service, please do not hesitate to contact our office.

Note that services are subject to the hourly rates chargeable by the team member you engage with and can be estimated ahead of time at your request. 

Contact - 1300 699 161
Email - info@befinancial.com.au
32 Main Rd Bakery Hill, VIC 3350

Additional resources:
- Medicare Levy Surcharge and Private Health Insurance (PHI)
- What is Life Time Loading on Private Health Insurance (PHI)
- Medicare Levy Vs Medicare Levy Surcharge