Will couples health insurance save you money?


We’re all looking for ways to save money, and if you’re coupled up and have private health insurance, combining policies might be one that’s crossed your mind.

Alix and Adam from Brisbane, both 34, have been together for 10 years with separate policies.

“We looked into getting a joint policy about five years ago, but it was going to be the same price as separate policies so didn’t feel that it was worth making the change,” Alix says.


They’re considering investigating their options again — not just for a possible financial benefit — but also because they believe combining might be easier to manage.

We spoke to health insurance experts and a relationships guru about what you need to consider before making the financial commitment of couples health insurance.

Is your relationship ready?

Before considering a joint policy, Relationships Australia NSW chief executive Elisabeth Shaw recommends discussing your individual motivations for doing so.

She says questions you might cover could include:

  • To what degree do you want to be entwined with each other and why?
  • Is your picture of a successful relationship caught up in a belief of merging everything?
  • Is it too early in the relationship to consider this step?

Ms Shaw says just because something is financially practical, doesn’t mean it’s a fit for you.

This is especially true if there is a power imbalance in the relationship financially.

She recommends seeking separate advice, either from a financial expert, or even a friend or family member you trust to discuss money matters with.

“Unromantic as it sounds, any decision should be tested against: what if this relationship ends? One of us dies? Ensure that it does take into account all possibilities,” Ms Shaw says.

Are there savings?

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