HIF Offers The Cheapest Couples 485 Visa Health Insurance

Our comparison made in 2017 (February) found that HIF Basic Working Visa Cover offered the cheapest 485 visa health insurance policy.

The policy key features include:

• The lowest priced policy of just $138 per month (per couple)
• A further 4% discount for annual payment
• Cover that meets the minimum requirements set by the Australian Government (DIBP)
  • A confirmation of health cover letter is provided upon joining
• Public hospital admission and accommodation in a shared room
• Emergency land-based ambulance cover included
• Medical reparation cover (up to $4,000)

HIF has strong reviews of 3.2/5 from 59 current and past policy holders. The fund is a not-for-profit which is how it can offer the lowest priced policy with no profits required for shareholders. Prices are also kept down by not allowing private room or private hospital visits. There is also a $500 excess per hospital visit which over time could become substantial if you have multiple visits. These should be considered when choosing this policy.

Frank Should Be Considered If You Want 485 Visa Private Hospital Cover

Frank is recommended for any 485 visa holder who prefers to be treated in a private hospital and wants the option of a private room.

Key features of the Frank Minimum Working Visa Cover is:

• The ability to be treated in a private hospital (or public hospital) nationwide
• The option of having a private room (a co-payment applies)
• An annual excess exists of $500 (rather than an per admission excess)
• Full compliance with visa condition 8501 for 485 visa holders
• The inclusion of emergency ambulance cover

Frank has the best reviews of any 485 visa health insurance fund of 4.5 from 235 reviews as of the 07/02/2017. It is a not-for-profit (like HIF) and similar to that health funds policy, has an excess to keep costs down.

Details On Our Comparison of 485 Visa Health Insurance Policies

In February 2017 the authors of 457visacompared when to each Australian health insurance site that offers 485 visa health insurance and publishes their prices and policy details online. Based on the information gained from these sites comparisons were made factoring in the 485 health insurance price, benefits and exclusions. This involved both looking at direct website information and downloading the policy PDF’s of each policy to look at the fine print of key elements to ensure a fair comparison was made.

The authors of this website are always looking to ensure the information provided is as accurate as possible and welcome feedback via our contact form of any price or policy detail that may need to be updated. As couples health insurance for 485 visa holders can change without notice by funds the information provided is indicative and provided for general information only. Individuals should themselves download each full policy brochure from the health funds for a full comparison of policies.

Tax Benefits For Couples On 485 Visas

There are significant tax benefits for couples on 485 visas who take out private health insurance policies. Any tax payers (including temporary residents) earning over a certain income amount and who do not have private health insurance hospital cover must pay an extra tax called the Medicare Levy Surcharge. This tax is designed to encourage individuals to purchase private health insurance, to alleviate the demand on the Medicare public health care system. To avoid this tax, couples of 485 visas are encouraged to take out private health insurance.