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Reviewed and updated 10 October 2024

The Age-based Discount is calculated at 2% for each year you are under 30 and hold Hospital Cover up to a maximum of 10% for people aged 18-25. 

Age when you take out Hospital Cover Discount
18-2510%
268%
276%
284%
292%
300%

The Age-based Discount lasts until you are 41 when it phases out at 2% each year.

Age when Age-based Discount reducesDiscount (if purchased by age 25)
418%
426%
434%
442%
450%

To keep the Age-based Discount, you must maintain your Hospital Cover every year without any breaks. 

Here are some examples of how the Age-based Discount works in practice for singles:

A single under 25

Cy was 23 when he purchased Hospital Cover and received the maximum Age-based Discount of 10%. He will receive a 10% discount until he turns 41 if he maintains his Hospital Cover without any breaks.

When Cy turns 41, his discount will reduce by 2%. His Age-based Discount will now be 8%.

Cy’s Age-based Discount will reduce by 2% each year until he turns 45.

A single over 25

Myf was 28 when she purchased Hospital Cover and received a 4% Age-based Discount. She will receive a 4% discount until she turns 41 if she maintains her Hospital Cover without any breaks.

When Myf turns 41, her discount will reduce by 2%.

When Myf turns 42, her discount will reduce by a further 2% and her insurer will stop offering her the Age-based Discount.

If you are a member of a couple or family, the Age-based Discount is calculated as an average between the two adults in your couple or family:

A couple where one person is under 25 and one person is over 25 but under 30

Felix and Shawn are a couple. If Felix has a 10% discount and Shawn has a 6% discount, their Age-based Discount on their Hospital Cover will be 8%.

A couple where one person is under 30 and one person is over 30

Jacob and Olivia are a couple. If Jacob has an 8% discount and Olivia does not receive the discount because she is over 30, their Age-based Discount on their Hospital Cover will be 4%.

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