Important Disclosure

Our mission at ComparingExpert is to provide our users with free information and tools that empowers you to make decisions with confidence. We may be paid when readers visit links, purchase products or services from partners listed on this site.

You do not pay any extra for using our service.

While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.

Please don’t interpret the order in which products appear on our site as any endorsement or recommendation from us. compares a select range of products, providers and services, but we don’t provide comparisons or information on all available products, providers or services. There may be other options available to you than the products, providers or services covered by our service.

Health Insurance in your 30’s: The Ultimate Guide for Beginners

What happens to your mortgage when you die
Georgia Carter Updated: 02 March 2022
We may be paid when readers visit links, purchase products or services from partners.

Once you reach your 30th birthday, the odds are high that you may be thinking about a range of new responsibilities that are just around the corner. This is generally a time in your life where you may be paying more attention to your health as well as your health care requirements. However, this is also a time when certain financial choices, like applying for health insurance in your 30’s, become more important.

At this stage of your life, you’ll typically be in your prime and won’t see the importance of applying for health insurance in your 30’s. However, once you turn 31 and you don’t have cover, you’ll be forced to pay an additional 2% loading on top of your premiums when you do decide to apply. You may also be forced to pay the Medicare Levy Surcharge if you earn a higher income and you don’t have any cover in place.

Key facts

  • There are various health care insurance plans and policies to choose from. Hospital policies provides coverage for in-hospital treatments, whereas an Extras policies offers coverage for out-of-hospital health care requirements.
  • You will have to pay an additional 2% lifetime health cover loading fee on top of you annual policy rate if you don’t purchase health insurance in your 30s.
  • You will have to pay the Medicare Levy Surcharge if you earn over $90k and do not have health insurance.
  • You can receive several discounts and benefits if you take out health insurance before the age of 30.

Compare Health Insurance Quotes

Save Time and Money
Save Time & Money
100% Free Services
100% Free Services
Simple & Convenient
Simple & Convenient
Please select your state
Please enter your postcode
Please select your health cover
Please select your health cover type
Please enter a valid email
Please enter a valid mobile number
Please enter your full name, ie. John Smith

By clicking on ‘Request Your Quotes’ you agree and accept our Privacy Policy and Terms of Use.

Call 1300 795 560
  • Australian-Unity
  • AHM
  • NIB
  • HIF
  • Phoenix-Health
  • AIA

Why get health insurance before 30

Generally, you’ll be able to take advantage of a number of benefits by applying for health insurance in your 30’s. Most importantly, it could help you avoid the medicare levy surcharge age 31. You may also be able to find affordable cover over the long term as you won’t be paying additional private health insurance loading over 30 when you pay for your premiums each month.

Options for health insurance in your 30’s

There are many different health cover options you can take out that provide cover for numerous health care services and procedures. Hospital plans provide coverage for in-hospital treatments. Depending on your level of cover, a Hospitals plan can cover surgeries and any procedures or accidents that require treatment in a hospital. On the other hand, Extras Cover offers coverage for all your out-of-hospital health requirements, such as dental work, eye care, and physical treatment.

Benefits and features of Hospital cover

  • Covers your in-hospital treatments, depending on your level of coverage.
  • Having an eligible policy could help you avoid the Lifetime Health Cover Loading fee.
  • You won’t need to pay the Medicare Levy Surcharge fee if you earn more than $90,000.
  • Typically, you’ll be able to choose both your doctor and hospital.
  • You can claim tax refunds on your policy rates.
  • If you’re going for an elective.

Benefits and features of Extras cover

  • Covers the cost of out-of-hospital treatments that are intended to manage or prevent a disease, injury or condition. What you can claim back on depends on your level of coverage.
  • Includes cover for Dental, Optical, Physiotherapy, and Chiropractic treatments.
  • More affordable than Hospitals cover.
  • Some Extras cover comes with benefits that help you save money on health care products and services.
health insurance in your 30's

What happens if I don’t have health insurance over 31?

If you haven’t purchased a health insurance plan or private health before your 31st birthday, you’ll have to pay the additional 2% loading fee on top of your premiums when you do apply for cover later on in your life. The medicare levy surcharge age 31 is a government initiative that insist you pay an extra 2% fee for every year you have not purchased health insurance before the age of 31, otherwise known as being the over 30 health insurance tax.

So, if you don’t buy health insurance in your 30’s and you wait to purchase a Hospital policy when you’re in your 40s you’ll pay more for your cover than other people your age. For instance, if you buy a Basic Hospital policy when you turn 41-years-old, an additional 20% loading fee will be added to your policy. That means you’ll be paying 20% more for your premiums than someone your age who purchased a policy when they were 30-years-old.

Should I get hospital cover or pay Lifetime Health Cover loading?

The Lifetime Health Cover Loading fee continues and lasts for 10 years after purchasing insurance. Depending on when you apply for cover, you may have to pay up to 70% extra on top of your policy rates. With this being the case, it’s typically a good idea to sign up for health cover sooner rather than later. This will ensure that you’re adequately covered and that your cover is as affordable as possible.

What if I earn over $90K?

If you earn $90k or over as a single adult, or earning $180k as a family, you’re going to have to pay a levy if you don’t have health cover. This is an additional 1 1.5% of your annual income that you will have to pay in your tax return. This levy is called the Medicare Levy Surcharge and is put in place to encourage singles and families to purchase necessary health cover. To avoid paying the extra rates, you simply have to take out private health care insurance.

Do you get any discounts for taking out health cover while young?

Depending on which health insurer you purchase a policy from, you’re generally able to receive discounts if you are younger than 30 years old. These discounts can range from 2% to 10% off of your annual policy rates. It is therefore highly recommended that you get health insurance for young adults and take out health cover before the age of 30.

How to find the right Hospital plan for you

data research
Do your research
If you’re only applying for health cover to avoid paying the LHC loading or the Medicare Levy Surcharge, then you may only need a Basic Hospital cover. Doing a little research will ensure that you get the best policy for your current requirements.
computer compare
Compare policies
Most health insurance companies offer a wider range of policy options. To find the right policy for your requirements, it’s typically a good idea to compare all of the options to find a policy that offers the benefits relevant to your stage of life.
Opt for higher excesses
Many insurers offer you the option to choose which excess you’ll pay should you be hospitalised. By opting for a higher excess, your premiums will generally be lower.
pay annually
Pay annually
To save on your health cover costs but take full advantage of having private health cover, you may want to pay your premiums annually before the price increase on the 1st of April. This way, you’ll be able to lock your premiums in at the previous years’ rates. You may also receive additional discounts for paying in advance.
Combine plans
If you’d like to get affordable private health cover, it may be a good idea to contact your insurer to find out whether you can combine policies. For instance, you may get a discount on your premiums if you combine your Hospital and Extras policy from the same insurer.

Do you need Extras cover too?

Extras Cover tackles all the out-of-hospital health care procedures, such as dental and eye care. It therefore usually covers what Medicare does not. While it is not mandatory to take out Extras Cover, it is might be a good idea as an Extras plan can save you money on numerous health care treatments, procedures, and services that don’t occur within a hospital.

Frequently asked questions and answers

  • Do you need health insurance before 30?

    While you don’t need to take out health cover before 30 years of age, it is recommended as you will have to pay an additional loading fee of 2% for every year you have not taken out health cover. This can add up over the years and you’ll end up paying more for insurance than if you had taken out health cover in your younger years.
  • At what age do you need your own health insurance?

    After the age of 25, you will no longer be able to remain on your family or parents’ health insurance and will need to purchase your own. It is recommended that you purchase your own health care insurance and policy before the age of 31.
  • Is it cheaper to have private health insurance?

    While it depends on your level of coverage, age, and lifestyle, it can be cheaper to take out private health insurance. Accidents and necessary health care procedures can be extremely costly, but having health insurance can dramatically decrease these costs.
  • What is the best private health insurance?

    There is no top private health insurance company as each differs and better suits the needs of others. The best health insurance provider for you can only be determined after you have analysed your lifestyle, income, and health care needs. Remember to review and compare as many health care insurers and policies before making your final decision.
  • How can I find affordable health insurance?

    You can find affordable health care insurance by reviewing and comparing both companies and the various policies and plans on offer. There are numerous health insurance companies that harbour many different Hospitals and Extras plans. It’s important to analyse your income, lifestyle, and potential health care needs before making your final choice.

Other topics

Thanks for reaching out!

We will review your comment and get back to you as soon as possible. If your inquiry is urgent, please use the phone number listed at the top of this page.

Talk to you soon.

Have a question? Ask a specialist.

Did you know we also compare Life Insurance?

Get life insurance quotes online in under 60 seconds. Compare the features and benefits from some of the largest life insurance companies in Australia.

  • Protect Your Loved Ones
  • Save Time & Money
  • Support at Every Stage
To receive great value when comparing premiums and policy features from select insurance brands, please provide us with a few details about yourself in the quote form below.
Please select your level of cover
Please select your age
Please select your gender
Please select your smoking status
Please select your state

Almost done...

We just need a few more details about you, so that we can help you find the right cover for your requirements.
Please enter your full name, ie. John Smith
Please enter a valid email
Please enter a valid mobile number

By clicking ‘Compare & Save Now’, you are accepting our Terms of Use, Privacy Policy and consenting to us contacting you about the products and services provided. Please consider the PDS before purchasing any products.

Call 1300 743 254

Thank you!

We’ll be in touch soon to ensure that we have all the information needed to create a quote specific to your unique requirements.