What is Aged Based Discounting?
You may be eligible for up to a 10% discount off your private hospital cover if you're aged between 18-29 years old, known as Aged Based Discounting. The Australian Government introduced the Aged Based Discount as part of the private health insurance reforms, to encourage people to purchase private hospital cover earlier in life.
Aged Based Discounting is available to new and existing members when you purchase hospital cover. Providing you remain on an eligible hospital cover, you will keep this discount until you turn 41.
The discount you are eligible for varies depending on the age you were when you purchased hospital cover. The discount rates are shown below…