ahm OSHC

No. At AUD 672 a year for a single (about AUD 56 a month), ahm is the second-cheapest OSHC, AUD 7 more than Allianz Care OSHC Standard (AUD 665). ahm quotes couple and family cover online: AUD 6,686 and AUD 13,544 for 12 months.

Yes. ahm OSHC is a business of Medibank Private Ltd — the same company, sold under a separate brand. ahm has arrangements with most private hospitals and day surgeries in Australia (its Partner Private hospitals); at other private hospitals it pays lower benefits. According to Medibank, Medibank and ahm OSHC together are Australia's largest OSHC insurer by revenue (APRA data published December 2025).

ahm OSHC itself does not cover dental, optical or physio. ahm OSHC members can add a separate Medibank extras policy (for example Healthy Start Extras or Essential Extras) for these services; it costs extra, waiting periods apply, and members without Medicare are generally not eligible for the Australian Government Rebate on it.

ahm has a 2-month waiting period for hospital psychiatric services for pre-existing conditions, unless a doctor certifies, and ahm agrees, that you needed emergency treatment. Medibank Essentials OSHC has no waiting period for hospital psychiatric services, including pre-existing conditions.

Yes. The new insurer's OSHC must start the day after your ahm cover ends so there is no gap in cover. Waiting periods you have already served on equivalent cover are generally recognised, but confirm this with the new insurer before you switch.