Australian private health insurance funds including Medibank, Bupa, HCF, NIB, and Australian Unity — offering hospital, extras, and combined cover regulated by APRA and the Private Health Insurance Ombudsman.
Major for-profit health insurers Medibank and Bupa together cover about half of all Australians with private health insurance. Both offer hospital and extras products, with online quote tools and app-based claims for members.
Not-for-profit and mutual funds HCF, NIB, and Australian Unity return surpluses to members through better benefits or lower premiums. HCF is Australia's largest not-for-profit health insurer with 1.9 million members.
The Australian Government's private health insurance incentives — the rebate, Medicare Levy Surcharge, and Lifetime Health Cover loading — create financial incentives for Australians to hold private health insurance, particularly hospital cover.
Medibank
medibank.com.au
Australia's largest private health insurer by membership. Hospital and extras cover with online claims, health management programs, and 24/7 health advice.
Bupa Australia
bupa.com.au
Global health insurer with a large Australian membership base. Hospital, extras, and international health cover. Operates dental clinics and optical stores.
HCF
hcf.com.au
Australia's largest not-for-profit health insurer. Hospital and extras cover with dental, optical, and physio benefits. Headquartered in Sydney.
NIB Health Insurance
nib.com.au
ASX-listed health insurer with a major Australian member base. Hospital and extras, international students, and traveller health insurance.
Australian Unity
australianunity.com.au
Member-owned health fund and financial services group. Hospital, extras, and combined policies with wellbeing programs for members.
CBHS Health Fund
cbhs.com.au
Restricted membership health fund open to banking and finance industry workers and their families. Not-for-profit with competitive extras benefits.
privatehealth.gov.au
privatehealth.gov.au
Australian Government's official health insurance comparison and information site. Compare policies across all registered Australian health funds.
iSelect Health Insurance
iselect.com.au
Health insurance comparison service with phone consultants to assist with policy selection. Compares hospital, extras, and combined policies.