How much private health insurance costs for a family in Australia in 2025-2026 varies by tier, excess and state, but average ranges are clear. For a family of two adults and two children, combined hospital and extras cover costs $300 to $700 per month depending on level. For Basic hospital plus extras, cost is $200 to $350 per month with $750 excess, covering limited hospital like rehab and palliative only, not pregnancy or joint replacements. For Bronze hospital plus extras, $300 to $450 per month, covers 18 clinical categories. For Silver hospital plus extras, $350 to $550 per month, covers 26 categories including heart and cancer but not pregnancy. For Gold hospital which is top tier including pregnancy, birth, IVF, joint replacements, mental health and all categories, plus extras with dental, optical, physio, cost is $450 to $750 per month with $500 excess, or $600 to $900 with $0 excess. Extras alone costs $70 to $150 per month for family. For example, Medibank Family Gold with $500 excess costs about $550 per month in NSW, Bupa Family Gold about $580, HCF Family Gold about $450 with $750 excess. Government rebate reduces cost by 24% to 33% depending on income, so family earning under $194K gets about 24% rebate, reducing $600 to $456. Without rebate, costs higher. Lifetime Health Cover loading adds 2% per year over 31 if you do not have hospital cover. So average family pays $400 to $600 per month after rebate for good cover.
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