Health lifestyle guide
Health Insurance for young singles
Looking out for your health needs
If you’re single and aged between 18 and 30, you may be looking for cover that’s simple and affordable, without paying for things you don’t need. Whether you just want peace of mind or you’re looking for tax savings, Suncorp Health Insurance have got you covered for the essentials.
Choosing the right cover for you
This is just a summary. Waiting periods apply. For full details about what is and isn’t covered, read the Policy Booklet.
*Residents of QLD and TAS have ambulance services provided by their State Ambulance Schemes.
When things don’t go to plan
You may want to keep your private Health Insurance as simple and affordable as possible.
But, while it’s important to be healthy and active during your 20s and 30s, you’re not invincible. Unexpected sickness and accidents can happen at any stage of life. That’s why it’s worth having the right level of cover, regardless of your current health situation.
Avoiding public hospital waiting lists and being able to go to your chosen hospital are great benefits of having Basic Hospital Plus.
Set yourself up for a healthy future
Getting on top of Health Insurance when you’re young can help you plan for a healthy future. It doesn’t need to be too complicated or expensive.
Save up to 10% on Hospital Cover
Eligible members must be 18-29 and not a dependent under the policy. Discount calculated at 2% for each year an eligible member is ages under 30, to a maximum of 10% for 18 to 25 year olds. Read 5 ways taking health insurance now can save you money.
Affordable
You shouldn’t have to pay for heath services you don’t need. Basic Hospital Plus is designed to cover you for the essentials at an affordable price.
You’ll also receive a rebate from the government on your insurance premium as long as you’re earning less than $151,000 per year.
Plus, if you’re between 18 and 29, you could save up to 10% on Hospital Cover until you’re 41.
Get that extra peace of mind
With hospital cover like Basic Hospital Plus or Bronze Hospital Plus, you can rest easy knowing you’re covered for things like dental surgery and accidental injuries. **
Health Insurance to keep you healthy
Suncorp Health Insurance doesn’t just cover you when you’re sick. You could get money back on your dentist appointments, optometrist visits and more. Plus if you take out Mid or Top Extras you could also claim money back on your gym membership or personal training sessions^.
Lifetime Health Cover
Lifetime Health Cover (LHC) loading is a government charge which adds 2% on to the price you pay for Hospital Cover if you sign up after 30 June following your 31st birthday. The loading increases by 2% for every year you don’t join, up to a maximum of 70% and can only be removed after 10 years of continuous Hospital Cover.
For example, if you sign up at the age of 40 you’ll pay an extra 20% for your Hospital Cover compared to someone who joined aged 31.
Visit the ATO for more information.
Skip paying a levy
Avoid being hit with Lifetime Health Cover loading by taking out hospital cover before July 1 following your 31st birthday.
*Residents of QLD and TAS have ambulance services provided by their State Ambulance Schemes.
**Availability and level of Accidental Injury Benefit dependant on chosen Hospital product. Relevant products provide extra coverage for services ordinarily excluded or restricted for 90 days where a Suncorp Health Insurance member presents for seeks treatment with a medical practitioner or attends a hospital emergency department within 72 hours of an accident and is then admitted to hospital. Additional T&Cs apply, refer to the Policy Booklet.
^60% or 75% back dependent on Extras product. Subject to your annual limits and applicable waiting periods. Recognised Extras providers only. T&Cs and exclusions apply. Fitness centre/gym or personal training services recognised where: i. the membership of a fitness centre, visits to a fitness centre or sessions with a personal trainer is required to enable the member to undertake a health management program for the treatment of a health related condition; and ii. the health management program has been recommended to the member by a medical practitioner or provider who has the member under their care for the treatment of the health related condition; iii. all supporting documentation required in relation to the health management program has been completed in the manner requested; and iv. the membership is not provided as part of a corporate membership program. Chat to a Suncorp Health Insurance expert or see the Policy Booklet for details.
Suncorp Health Insurance is issued by nib health funds limited ABN 83 000 124 381 (nib), a registered private health insurer, and is marketed by Platform CoVentures Pty Ltd ABN 82 626 829 623 (PC), a Suncorp Group company. PC is an authorised agent of nib and receives commission from nib. Read the policy booklet before buying this insurance.
Lifetime Health Cover
Lifetime Health Cover (LHC) loading is a government charge which adds 2% on to the price you pay for Hospital Cover if you sign up after 30 June following your 31st birthday. The loading increases by 2% for every year you don’t join, up to a maximum of 70% and can only be removed after 10 years of continuous Hospital Cover.
For example, if you sign up at the age of 40 you’ll pay an extra 20% for your Hospital Cover compared to someone who joined aged 31.
Visit the ATO for more information.
Save up to 10% on Hospital Cover
Eligible members must be 18-29 and not a dependent under the policy. Discount calculated at 2% for each year an eligible member is ages under 30, to a maximum of 10% for 18 to 25 year olds. Read 5 ways taking health insurance now can save you money.
Medicare Levy Surcharge
The Medicare Levy Surcharge (MLS) is a government tax on top of the normal Medicare Levy and impacts singles with a taxable income of over $93,000 or families (including couples and single-parents) with a taxable income of over $186,000 who don’t have an appropriate level of private hospital insurance for the full financial year.
Holding any Suncorp Health Insurance Hospital Cover product means you won’t pay the MLS if your income is above the government threshold and you maintain your hospital cover for the full financial year.
Read the Suncorp Health Insurance Policy Booklet for more information.
