23 May 2012

Health insurance for couples

Whether you're newly married or simply joining your health insurance plan with your partner's, a couples policy is often a good idea for those in a relationship. The benefits include having just one premium to pay instead of two and one policy to maintain and claim from.

When considering taking out a couples health insurance policy, here are a few things to consider.


Lifetime health cover for couples

Lifetime Health Cover is the Government's scheme to encourage people to take out health insurance earlier in life and to maintain it. It rewards those who take out hospital cover before the age of 30 by locking in the lowest base rate premium for as long as you continue to hold your cover.

Those who take out health insurance after the age of 30 are penalised with a 2% age loading on hospital cover for each year of delay, eg. taking out hospital cover for the first time at age 35 will incur a 10% age loading. You have until 1 July following your 31st birthday to lock in the lowest base rate premium under Lifetime Health Cover.

When taking out couples health cover, both parties' Lifetime Health Cover age loadings need to be taken into consideration, if one or both of you took out health insurance after the age of 30. The age loading is averaged between the two partners using this formula:

[partner 1's age loading] + [partner 2's age loading] / 2 = the average age loading


Joan has no age loading because she took out health insurance early in life, but John has an age loading of 14%. The average of their two loadings is 7%, so they will pay 7% on top of the base rate premium for their couples cover.

As with regular Lifetime Health Cover age loading rules, as soon as one partner has held hospital cover continuously for 10 years, their age loading will be dropped and the average loading will be re-calculated.


The Medicare levy surcharge for couples

The current Medicare Levy Surcharge threshold for couples is $180,000 (as of 1 July 2014). That means that if your combined incomes are over $180,000 and you don't have hospital cover, you'll be charged between 1% and 1.5% in extra tax in the form of the Medicare Levy Surcharge. This is on top of the 2% Medicare Levy that you already pay.

You can avoid this extra tax by simply taking out private health insurance with a hospital cover component.


The advantages of private health insurance for couples

With private health insurance, you'll have peace of mind knowing that you're covered for those mishaps and accidents that happen in life. You'll also be covered for things you expect to go to hospital for, like having a baby or treating a medical condition. Private health insurance covers you for:

  1. a range of features both in hospital and ancillary services (extras, like dental and physio)
  2. hospital accommodation in a private or public hospital
  3. doctors' fees
  4. theatre costs
  5. shorter waiting times for treatment


Compare couples health insurance policies with Choosi

Choosi lets you compare a range of couples health insurance products, so that you can get the best value cover for you and your partner’s needs. Get a quote in minutes!

This is general information only and does not take into account your personal objectives, financial situation or needs. You should consider the relevant PDS available on this website prior to purchasing any product. Choosi offers insurance products from a range of brands but does not compare all products available in the market.

Search blog


Signup to our newsletter


Receive articles, news & tips as soon as they are published. We'll send occasional updates on the latest product offers, competitions and more!

Related articles

19 Statistics you should know about health insurance
22 Sep 2016

19 Statistics you should know about health insurance

Learn about 19 interesting statistics about health insurance in Australia here.

Read More
Stay healthy with these easy changes to your everyday life
14 Nov 2013

Stay healthy with these easy changes to your everyday life

Want to be healthy and live a long fulfilling life? There are easy changes you can make to your everyday life to keep your body and mind in top condition.

Read More
Get your moustache on for Movember
19 Sep 2013

Get your moustache on for Movember

Movember - an effort to raise awareness about men's health. Find out more about Movember and how you can get involved.

Read More

Ready to compare?