Why get HBF health cover in your 20s?
Avoid queues in the public system when accessing treatment
Reduce out-of-pockets when you choose a preferred provider
Money back on services like dental, physio, optical & chiro
Access to perks like discount gym memberships
Find the right young adult cover for you
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What matters most is
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Register for myHBF then search for ‘HBF’ in your phone’s App Store or Google Play Store. View your extras limits and usage, make changes to your payment details and much more.
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Things you should know about young adult cover with HBF
Waiting periods when you switch
If you switch to HBF within two months of leaving another Australian health fund, you won’t have to re-serve any waiting periods that you have already served with your previous insurer. For waiting periods that have been partly served, you’ll only have to serve the remainder of the waiting period before being eligible to claim benefits.
Waiting periods will apply for any new services you were not covered for previously, for any higher benefits and/or higher annual limits, and if you decrease your hospital cover excess level.
Annual limits on extras cover
Any claims you have made with your previous fund this calendar year will result in an adjustment of the annual limit you can claim with us for the rest of the year. For example, if you have claimed $300 on Occupational Therapy with your current fund and you join HBF on Top 70, which has an annual limit of $400, you may only be able to claim $100 with us this calendar year. Remember, most extras annual limits reset on 1 January each year.
If your new HBF cover has a service with a lifetime limit, we will take into account all claims you have made for that service previously, regardless of the year they were made.
100% back on some extras services
Pair of glasses
Flu vaccination
Frequently asked questions
for young adults
Hospital cover tiers - Bronze, Silver, Gold and Basic. What are they?
The Australian government classifies hospital cover into four tiers - Gold, Silver, Bronze and Basic. Basic hospital is the lowest level of cover, while Gold is the highest and provides cover for all hospital treatment categories. This tiered system helps you easily compare covers provided by different insurance providers, including HBF, to help you find your best cover match.
Each tier has a minimum list of hospital treatment categories that must be covered; the minimum requirements are set out by the Australian Government. Health funds can choose to offer additional coverage in the Basic, Bronze and Silver tiers. Products with additional coverage have a ‘Plus, or +” in the product name. For example, Silver Hospital Plus - this is a Silver tier product that includes more coverage than the minimum requirements for the Silver tier.
The good thing about HBF is that you can mix and match hospital and extras cover to suit your needs. This means that if you choose to get Basic Hospital Plus, you can match it with any level of extras cover.
Learn more about the hospital cover tiers.
What is a hospital excess?
An excess is a sum of money you pay upfront before you receive hospital treatment. Generally, the higher your excess, the lower your premium.
An excess is paid once per member, per calendar year (to a maximum of twice per couple or family policy) no matter how many times you may be hospitalised. Excess applies for day and overnight admissions.
You won’t be required to pay an excess for any dependant children on your single parent or family policy*.
What is a waiting period?
A waiting period is a period of time during which you must hold continuous membership under a particular health cover before you are entitled to receive a benefit at the level payable on that cover. You can claim benefits applicable on your level of cover for services or treatment you receive after you have served your waiting periods.
Waiting periods applicable on your level of cover are listed on the relevant product sheet.
What is the Medicare levy surcharge?
What is the Lifetime Health Cover Loading?
How much will I get back when I make an extras insurance claim?
The amount you can claim back on extras services depends on your benefits (the amount you get back when you claim) and your annual limits (the maximum amount you can claim in a year).
Nearly all extras insurance policies only cover services to a limited extent, which means you'll usually pay for some of the service out of your own pocket.
What makes extras insurance worthwhile is that Medicare generally doesn't cover extras services, so without extras insurance you'd have to cover the full cost of treatment every time you receive a service.
How much will I get back when I make a hospital insurance claim?
Where your treatment is an included service on your hospital cover, your hospital costs will either be fully or partially covered depending on the type of agreement your health fund has with your specialists and hospital.
With HBF, when you’re admitted to hospital for treatment you will get 100% back for the cost of your hospital accommodation and specialists so long as you choose providers that have ‘no-gap’ (otherwise known as ‘fully covered’) agreements with HBF. Just be aware of out-of-pocket costs, which can include excess or co-payments. Please note, outpatient services are not covered under hospital insurance.
Before you book hospital treatments, contact us and we’ll help you understand what you can claim, how much you can claim, and if any excess, co-payments or waiting periods apply. To ensure we give you accurate advice, please have a written cost estimate from your provider on-hand.
