Is it better to insure as a couple or as two singles?

If you do not want cover for dependent children, you and your partner might consider insuring separately as singles instead of as a couple.

Some health Insurance companies offer a discount for couples, so that can be a consideration, but the discount is usually quite small. Other insurers charge the same for a couple as they do for two singles taking out the same product.

If you insure as two singles, you have the flexibility to buy separate products reflecting the different health cover needs and circumstances of each person.

Also, if you choose cover with a deductible, it can be better to have separate deductibles at the single level (for example, $500 each) rather than one common deductible at the corresponding couple level ($1,000). Some insurers charge the full deductible if just one person makes a claim.

Details of discounts for couples, and how deductibles and other features work with a shared policy, are things you should ask the insurer when you apply for a policy.

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