ahm vs Medibank: one insurer, two product ranges
ahm and Medibank are the same insurer. ahm health insurance is a business of Medibank Private Limited, in the words of ahm's own site. Both are policies of that one registered insurer, and the government reports one set of performance figures for both. What differs is the policies: ahm publishes 17 hospital and 19 extras products, Medibank 20 and 28, and only ahm sells Bronze and Silver hospital cover. Counted from the government's policy data, 1 Oct 2026 release.
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ahm
- Insurer
- Medibank Private Limited
- Products on sale
- 17 hospital, 19 extras, 5 combined
- Hospital tiers
- Basic, Basic Plus, Bronze, Bronze Plus, Silver, Silver Plus, Gold
- Discount for 18 to 29 year olds
- Offered on every hospital policy
Medibank
- Insurer
- Medibank Private Limited
- Products on sale
- 20 hospital, 28 extras, 3 combined
- Hospital tiers
- Basic, Basic Plus, Bronze Plus, Silver Plus, Gold
- Discount for 18 to 29 year olds
- Offered on every hospital policy
Open policies sold to the public, from the government's policy data (1 Oct 2026 release, CC BY 3.0 AU). A product is counted once, whatever the state or family type.
Is ahm the same company as Medibank?
Yes. ahm health insurance is a business of Medibank Private Limited, in the words of ahm's own site. The registered insurer behind both is Medibank Private Limited, which is also the name printed on every policy's information statement.
Source: ahm.com.au, site footer, read 14 October 2026.
What does hospital cover cost with ahm and Medibank?
The lowest and highest monthly premium for one person on hospital cover that avoids the Medicare levy surcharge, before the rebate, tier by tier. Within a tier, policies differ in excess and in what they restrict, so compare the information statements before deciding.
| Tier | ahm | Medibank |
|---|---|---|
| Basic | $102.60 to $115.253 policies | $111.60 to $123.102 policies |
| Basic Plus | $117.10 to $124.102 policies | $118.85 to $135.055 policies |
| Bronze | $124.40 to $136.802 policies | Not sold |
| Bronze Plus | $130.60 to $169.756 policies | $127.30 to $197.2514 policies |
| Silver | $187.30 to $194.302 policies | Not sold |
| Silver Plus | $157.30 to $287.9510 policies | $157.65 to $337.5021 policies |
| Gold | $399.95 to $514.555 policies | $243.40 to $463.1511 policies |
From the government's policy data, 1 Oct 2026 release. Premiums change, usually each 1 April; the rebate reduces what you pay. Each policy's current premium is on privatehealth.gov.au and the insurer's own site.
How does Medibank perform on the government's figures?
privatehealth.gov.au reports these for the insurer as a whole, so they apply to ahm and Medibank alike. Complaints: 23.9% of all complaints to the Ombudsman, with 26.5% of the market.
| Figure | Medibank | Industry |
|---|---|---|
| Hospital charges covered | 89.6% | 89.0% |
| Medical services with no gap | 81.8% | 87.1% |
| Extras charges paid back | 51.3% | 50.7% |
| Premiums paid back as benefits | 85.6% | 84.5% |
| Hospital members who stayed | 85.4% | 85.0% |
| Management costs | 7.6% | 10.9% |
Source: Medibank on privatehealth.gov.au, read 14 October 2026. Australia-wide figures; state figures and every other insurer.
Common questions
Is ahm the same company as Medibank?
Yes. ahm health insurance is a business of Medibank Private Limited, in the words of ahm's own site. Both are policies of the same registered insurer, and the government reports one set of performance figures for the two.
What is the difference between ahm and Medibank?
The policies. ahm publishes 17 hospital and 19 extras products; Medibank publishes 20 and 28. Only ahm publishes Bronze and Silver hospital policies. Counted from the government's policy data, 1 Oct 2026 release.
Is ahm cheaper than Medibank?
It depends on the tier. In NSW, for one person on hospital cover that avoids the surcharge, ahm's lowest monthly premium is lower in 3 of the 5 tiers both sell, and Medibank's in the rest. Premiums differ by state and excess, so compare the same tier in your state. Figures are from the government's policy data, 1 Oct 2026 release, before the rebate.
Can I switch from Medibank to ahm without new waiting periods?
For the same or a lower level of cover, waiting periods you have already served carry over when you switch, as they do between any two insurers, if the gap between policies is short and premiums are paid up. Higher or new benefits can carry new waiting periods. Ask Medibank how it treats a move between its own brands.
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No. Refer Labs has no agreement with any health insurer and this page links to no insurer's site.
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General information only, not financial, tax or medical advice. Insurer and brand names and logos are trade marks of their owners, used to identify them; no insurer has endorsed this page. How this section is regulated.