Medibank
Medibank OSHC
Australia's largest health insurer — biggest hospital network and highest medication limit
✓Visa Compliant
Last updated: March 15, 2026
What's Covered
Benefits and coverage details.
Included
Largest hospital network in Australia
All hospitals covered for A&E (not just public)
Highest medication limit (AUD 70/item vs AUD 50 at others)
No mental health waiting period
Strong claims app and online portal
Not Covered
Higher single price (AUD 769/yr)
No extras cover available (no dental/optical)
Specialist and pathology only at 85% MBS (Bupa offers 100%)
No online doctor service
FAQ
Frequently Asked Questions about Medibank OSHC
Medibank covers up to AUD 70 per prescription item, while all other OSHC providers cap at AUD 50. This means lower out-of-pocket costs for expensive medications.
Medibank (and ahm) cover emergency treatment at all hospitals — public and private. Other providers only cover public hospitals or those with prior agreements, which could matter in emergencies.
No, Medibank has no waiting period for mental health services. You can access psychiatric and psychological care from day one of your coverage.
Yes, ahm is a subsidiary of Medibank. Both share the same hospital network, but Medibank has a higher medication limit (AUD 70 vs AUD 50) and a higher medication cap (AUD 500 vs AUD 300). Medibank costs AUD 146/year more.
No, Medibank does not offer extras cover with OSHC. Only Bupa offers optional dental and optical add-ons. If you need dental coverage, consider Bupa OSHC with extras.
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