Tax Time with Frank
6 weeks free + skip 2 & 6 month waits on extras* when joining on combined cover by 8 December.
*For new members who have not been a member during the last 12 months, joining on combined hospital and extras cover, paying by direct debit. Must pay first month to receive offer. Other waits (including hospital waits), annual and sub limits apply. Extras claims made with a previous fund count towards annual limits. Offer only available via Frank website or phone joins. Not available with any other offer or Frank OVHC. Offer ends 8th December 2025.
Get the lowdown on the potential tax perks of having health cover, what the Medicare Levy Surcharge really means, how Lifetime Health Cover loading works, and the cool Age-Based Discounts you might score.
Medicare Levy Surcharge (MLS)
If you’re earning (the so called) big bucks but don’t have the right hospital cover, you might get hit with the Medicare Levy Surcharge (MLS) — basically, a little extra fee for skipping out on health insurance!
Lifetime Health Cover loading (LHC)
Lifetime Health Cover loading (aka LHC or LHC loading) is the Aussie government’s way of nudging you to grab and stick with hospital cover early. Here’s the deal: after 1 July following your 31st birthday, every year you wait without hospital cover adds a 2% loading to your premiums when you finally get it. The longer you hold off, the bigger the extra cost — up to a whopping 70% (or until you hit 65). Yeah, it’s pretty hectic!
Curious?
Age-based discount
If you’re between 18 and 29, good news! You might snag a sweet age-based discount on your hospital cover. Insurers can knock off up to 10% from your premium for under 30's after you first grab hospital insurance. For those aged 18 to 25, that's a juicy 10% off - talk about a win for being young! You keep your age-based discount all the way until you're 41 - just stick with the same cover and you're good to go! Lucky ducks!
Wanna know more?
Why Frank?
- We make health insurance ridiculously easy. No confusing insurance jargon. Just the good stuff, laid out nice and easy.
- Easy claiming. You can claim online through our easy-to-use app.
- Great service. Our locally based team is available via phone or webchat to answer any questions.
- Keeping it real since 2009. We’ve been doing things differently since day one—no frills, just honest, straightforward health insurance.
- Not-for-profit. We’re all about putting members first, not profit.
Check out some of Frank's Favs
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Emergency ambulance
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Accident Protection
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Private Emergency Department Attendance Benefit
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Emergency ambulance
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Dental surgery
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Joint reconstructions
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Emergency ambulance
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Bone, joint & muscle
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Digestive system
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Emergency ambulance
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Back, neck & spine
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Lung & chest
* The price shown is per week and applies to a Single, aged 30, living in VIC. It excludes LHC loading and includes a Base Tier Government Rebate
| Extras services (when included on cover) |
|---|
| All extras benefits except as specified below. Waiting Period: 2 Months |
| Optical, home and domestic aids and medical aids. Waiting Period: 6 months |
| Major dental services (including full & partial dentures, orthodontics, crown & bridgework, endodontic services such as root canal, gold fillings, indirect restorations, surgical extractions of a tooth/teeth including wisdom teeth). Waiting Period: 12 Months |
| Health appliances including nebuliser pump, blood glucose monitor, pressure garments, sleep apnoea monitor, extremity pump, hearing aids, orthopaedic appliances (GMHBA approved), prostheses (GMHBA approved non-surgical), tens monitor, podiatry surgical procedures and orthotic appliances (foot). Waiting Period: 12 Months |
| Hospital services (when included on cover) |
|---|
| Accidents - bodily injuries resulting from accidents which occur after the date of joining GMHBA or upgrading to a higher cover. Waiting Period: No |
| Obstetrics and maternity. Waiting Period: 12 months |
| Pre-existing ailment, illness or condition (other than psychiatric, rehabilitation and palliative care). Waiting Period: 12 months |
| Any other benefit for hospital (or hospital substitution) treatment. Waiting Period: 2 months |
A pre-existing condition is one where signs or symptoms of your ailment, illness or condition, in the opinion of a medical practitioner appointed by GMHBA (not your own doctor), existed at any time during the six months preceding the day on which you purchased your hospital insurance or upgraded to a higher level of hospital cover and/or benefit entitlement.
A special waiting period applies to obtain benefits for hospital treatment for new members who have pre-existing conditions. The waiting period also applies to existing members who have recently upgraded their level of hospital cover. If the ailment, illness or condition is considered pre-existing:
New members
New members must wait 12 months for any hospital benefits (other than psychiatric, rehabilitation and palliative care).
Existing members (transferring or upgrading)
Members transferring/upgrading to a higher hospital cover must wait 12 months to get the higher hospital benefits (other than psychiatric, rehabilitation and palliative care).
Existing members (with at least 12 months membership)
Existing members with at least 12 months membership in total across their old and new cover are entitled to the lower benefits on their old cover.
Silver Hospital cover provides the same single room coverage as Gold Hospital, but co-payments of $100 per day up to a maximum of $700 per admission apply. Co-payments are not the same as hospital excess. Please note: Some private hospitals only have single rooms and co-payments will apply.
Co-payments do not apply.
6 weeks free + skip 2 & 6 month waits on extras* when joining on combined cover by 8 December.
*For new members who have not been a member during the last 12 months, joining on combined hospital and extras cover, paying by direct debit. Must pay first month to receive offer. Other waits (including hospital waits), annual and sub limits apply. Extras claims made with a previous fund count towards annual limits. Offer only available via Frank website or phone joins. Not available with any other offer or Frank OVHC. Offer ends 8th December 2025.
