Medibank OVHC Overseas Workers Health Cover

Medibank Health Insurance Review March 2021

Top Pick for

Bronze Hospital

Medibank Bronze Plus Progress image

Top Pick for

Silver Hospital

Medibank Silver Plus Assured image

Top Pick for

Gold Hospital

Medibank Gold Complete image

We used the Finder value ranking algorithm for health insurance to see which of the Medibank’s policies scored the highest for each category of bronze, silver and gold.
The policy algorithm weighs each policy based on criteria such as the excess/co-payment amount, number of associated (agreement) hospitals, treatments covered in public or private hospitals, waiting periods and annual benefit limits.

  • The policy must be available in NSW, VIC, WA, SA and QLD
  • Hospital policies will be assessed for a single person across five states (NSW, VIC, WA, SA and QLD) using Finder’s health insurance engine algorithm
  • An insurer may only claim one place in the final winners’ list in this category
  • $500 excess

Keep in mind that our top picks may not always be the best for you, and you’re encouraged to compare for yourself to find one that works for you.

Established in 1975, Medibank has grown to become one of Australia’s largest health insurers, with more than 3.8 million members across Australia and New Zealand. If you’re looking for private health insurance, Medibank has a wide range of hospital and extras options starting at basic hospital and ambulance all the way up to gold tier policies.

Medibank Health Insurance DealsMedibank Health Insurance Deals

Get 6 weeks free + Waive 2 & 6 months waiting periods

Offer applies on eligible combined hospital & extras cover by 31 March. New members only. T&C’s apply.

Last verified 1 Mar 2021

Coupon code ends 1 Apr 2021


Top 3 features
  1. Good for people who want a wide variety of hospital policy choices.
  2. Good for people who like discounts and rewards.
  3. Beware if you get flustered by too many choices.

Medibank is one of Australia’s oldest health insurers and it’s the second largest health insurer in Australia. It was originally a government-owned business but was privatised in 2014.

Medibank has a network of more than 160 member hospitals where you can save on some out-of-pocket expenses usually associated with private care.

The insurer also offers a number of perks and rewards opportunities including:

  • The ability to earn triple flybuys points on fruit (fresh only) and vegetables (fresh or frozen) when you shop at Coles. You can also link up an eligible fitness tracker to your Medibank account to earn an additional 10 points for every 10,000 steps.
  • A 10% discount on Medibank’s range of travel, life, income protection, funeral and pet insurance if you also hold health insurance.
  • Discounts of up to 25% on a wide range of other products and services, including Fitbits, Palace Cinema tickets, Sunglass Hut, Philips Avent infant-feeding products, Motherworld and more.

All of Medibank’s hospital policies fit into the new tier structure developed by the Australian government. However, they haven’t updated their extras policies in the same way. They have until April 2020 to do so.

All of Medibank’s hospital policies include the minimum requirements of providing restricted cover for rehabilitation, psychiatry and palliative care.

They also offer full cover for accidents and ambulance rides, plus transport and accommodation support if your round trip for hospital admission is more than 200km.

Basic Accident and Ambulance

This is the most bare bones policy, adhering to the government’s minimum requirement for a Basic policy. It offers restricted cover for:

  • Rehabilitation
  • Hospital Psychiatric Services
  • Palliative care

You can choose an excess of $500 or $750.

Basic Plus Healthy Start

This covers everything Basic Accident and Ambulance does plus a little bit more, including:

  • Hernia and appendix
  • Joint reconstructions
  • Dental surgery

The only excess option available is $750.

Bronze Everyday

This sticks to the government’s minimum requirement for a Bronze policy, with cover for 18 clinical categories including

  • Bone, joint and muscle treatments
  • Gynaecology
  • Pain management
  • Diabetes management (excluding insulin pumps)

You can choose an excess of $250, $500 or $750.

Bronze Plus Progress

This covers everything Bronze Everyday does plus a little bit more, including:

  • Sleep studies
  • Insulin pumps
  • Implantation of hearing devices
  • Dental surgery

It also offers full instead of restricted cover for palliative care.

You can choose an excess of $250, $500 or $750.

Silver Everyday

This sticks to the government’s minimum requirement for a Silver policy, with cover for 26 clinical categories including:

  • Heart and vascular system treatments
  • Implantation of hearing devices
  • Plastic and reconstructive surgery (medically necessary)

You can choose an excess of $250, $500 or $750.

Silver Plus Assured

This covers everything Silver Everyday does plus a little bit more, including:

  • Insulin pumps
  • Sleep studies

It also offers full instead of restricted cover for rehabilitation and palliative care.

You can choose an excess of $250, $500 or $750.

Silver Plus Security

This covers everything Silver Plus Assured does plus a little bit more, including:

  • Cataracts
  • Dialysis for chronic kidney failure
  • Joint replacements

You can choose an excess of $250, $500 or $750.

Medibank Gold Complete

This covers all clinical categories defined by the Australian government. You’ll get everything above plus:

  • Pregnancy and birth
  • Assisted reproductive services (like IVF)
  • Weight loss surgery
  • Pain management with device

These are Medibank’s extras policies.

  • Top Extras. This could be a good option if you are seeking the highest benefits for services such as major dental (including orthodontics), optical and physical therapies with no combined limits. You can choose from 90%, 75% or 60% back on claims.
  • Growing Family Extras Only. A policy that provides generous benefits for extras services families use regularly, such as dental and optical. The major dental benefit also increases over time, and you can select from 70% or 60% back on claims.
  • Essential Extras. Get 75% back on the cost of common out of hospital services including general dental, optical, physical therapy, acupuncture and exercise physiology.
  • Healthy Start Extras. Affordable cover that pays 60% of the cost of general and major dental, physical therapy, optical and more.

Medibank offers a Youth discount to customers under 30. The percentage of discount you receive depends on what age you were when you become eligible, which is 1 April 2019 or the date you first took out a policy, whichever is later.

You can keep your discount until age 40 and after that, it decreases by 2% per year.

Here’s what your discount will be based on the age you are when you become eligible :

  • 18-25: 10% discount
  • 26: 8% discount
  • 27: 6% discount
  • 28: 4% discount
  • 29: 2% discount
  • Hospital claims. Your claim is automatically forwarded to Medibank along with the relevant receipts and bills.
  • Extras claims. These can be lodged on-the-spot using your membership card, online via the member portal, by using the Medibank Mobile app, by traditional mail or by visiting Medibank store.

Medibank offers several overseas visitors health cover (OVHC) and overseas student health cover (OSHC) policies and they all meet the Department of Immigration and Citizenship (DIAC) visa requirements.


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