Discounted health insurance for under 30s
GMHBA is excited to launch a range of products suited to younger members that include a discount based on your age. This means Australians aged 18-29 will be eligible to receive up to 10% discount on their premiums for hospital cover.
How will the discount impact my premium?
| Member’s age when they become insured on an eligible hospital product offering age-based discount | % discount |
|---|---|
| 18-25 years old | 10% |
| 26 years old | 8% |
| 27 years old | 6% |
| 28 years old | 4% |
| 29 years old | 2% |
| 30 years old | 0% |
Check out our products with discounts for members aged 18-29
Basic Plus Package
Bronze Plus Package
- Discount for members aged 18-29
- Private hospital cover
- 100% back on optical
- Emergency Ambulance
- Joint reconstructions
- Physiotherapy
- Dental Surgery
- Discount for members aged 18-29
- Private hospital cover
- 100% back on optical
- Bone, joint and muscle
- Emergency Ambulance
- Joint reconstructions
- Physiotherapy
- Dental Surgery
Basic Plus Package
- Discount for members aged 18-29
- Private hospital cover
- 100% back on optical
- Emergency Ambulance
- Joint reconstructions
- Physiotherapy
- Dental Surgery
Bronze Plus Package
- Discount for members aged 18-29
- Private hospital cover
- 100% back on optical
- Bone, joint and muscle
- Emergency Ambulance
- Joint reconstructions
- Physiotherapy
- Dental Surgery
How does the youth discount on health insurance work?
The discount will be available on selected GMHBA hospital products and is available to new and existing members.
You can retain your age-based discount until you’re 41 providing you remain on a hospital product that’s eligible for the discount. These discounts will then be gradually phased out after you turn 41.
To receive the discount, new eligible members can sign up to one of our age-based discount hospital products and it will be applied automatically to your premium. If you are an existing GMHBA member aged 18-29, you will need to switch to one of our hospital products that offer age-based discounts to be able to receive the discount.
Why has GMHBA chosen to offer discounts for under 30s?
Young Australians under the age of 30 have some of the lowest rates of taking out private health insurance. Encouraging more young Australians to take out health insurance, if they can afford it, supports the viability and sustainability of the private health insurance system for all Australians.