Skip to content   Skip to footer navigation 

Find the best Silver health insurance policy

We review Silver hospital insurance policies to find you the best.

silver tier hospital insurance
Last updated: 11 August 2021


Checked for accuracy by our qualified fact-checkers and verifiers. Find out more about fact-checking at CHOICE.

Our insurance experts review Silver hospital insurance policies from 36 health funds to find the best ones: compare health insurance now.

Need to know a bit more about what Silver insurance is first? We explain what's covered under Silver hospital insurance, the differences between Silver and Silver Plus, and what you can expect to pay.

What is Silver health insurance?

Silver health insurance is a mid-level private hospital insurance that covers 26 categories of services in private hospital.

If you want an intermediate health insurance policy that covers you for most of the essentials and you don't have any major health issues or you're not planning to start a family, a Silver health insurance policy could work for you.

If you want cheaper health insurance, try Bronze or Basic policies. Or if you're looking for higher cover, you want Silver Plus or Gold health insurance.

Not sure what level hospital insurance you need? Take our quick quiz.

What's covered by Silver health insurance policies?

  • Heart and vascular surgery
  • All cancer surgeries and chemotherapy and radiation
  • Lung and chest surgeries
  • Medically necessary plastic and reconstructive surgery
  • Bone marrow transplants and other blood-related treatments
  • Investigation and treatment for back, neck and spine problems such as for sciatica and scoliosis
  • Dental surgery (wisdom teeth and dental implants in hospital)
  • Implantation of hearing devices
  • Accommodation in hospital for podiatric surgery
  • Skin-related procedures including treatments for lesions and abscesses, and allergy skin-prick testing
  • Broken bones and other bone, joint and muscle treatments including joint reconstructions (but not replacements)
  • Endoscopy and colonoscopy plus other digestive system procedures including removal of gallstones or haemorrhoids
  • Gynaecology, miscarriage, and termination of pregnancy, sterilisation (male and female)
  • Ear, nose and throat surgery including tonsils, adenoids, and grommets
  • Hernia and appendix surgery
  • Diabetes management in hospital (but not implanted insulin pumps)
  • Brain and nervous system treatments including for stroke, epilepsy and Parkinson's disease
  • Palliative care, rehabilitation and psychiatric care (covered in a public hospital only)

What is Silver Plus health insurance?

A Silver Plus policy is a level up from Silver but is cheaper than the top-tiered Gold. Silver Plus policies cover the above 26 Silver-level services in private hospital plus at least one of the below treatments not covered in Silver:

  • IVF, pregnancy and birth
  • Joint replacements
  • Cataracts
  • Rehabilitation
  • Hospital psychiatry
  • Palliative care
  • Gastric banding and obesity surgery
  • Insulin pumps
  • Sleep studies
  • Dialysis
  • Pain management with a device (for example, a surgically implanted device to manage pain caused by heart disease)

If you want cover for a specific treatment in the above list, such as pregnancy, you may be able to buy a Silver Plus policy. Otherwise you'll need a Gold policy with all the bells and whistles.

CHOICE tip: We found in many states Silver Plus policies are actually cheaper than Silver policies that cover fewer treatments.

How much is Silver health insurance ?

Silver and Silver Plus health cover ranges in price from $131 to $520 a month for a family policy with excess. The cost varies depending on which state you live in, how much you earn, the level of excess and when you first bought health insurance.

What is an excess?

  • An excess is an amount you pay as a contribution when you go to hospital
  • The higher the excess, the lower the premium
  • Consider an excess if you're healthy and don't plan to go to hospital soon
  • You're better off without an excess if you think you'll go to hospital soon

CHOICE health insurance reviews

Our health insurance reviews are for members. We've got lots of helpful free content in our Health insurance section but joining CHOICE gets you access to all our recommendations and could save you money.

Some people will save over 30 times the cost of a quarterly CHOICE membership by finding a cheaper policy with our health insurance recommendations.