Reserve Bank Health extras cover · restricted fund
Is Reserve Bank Health Premium Extras worth it?
For one adult in NSW, it costs more than it pays back in all three of the ways of using extras worked through below. It is $233.30 a month before the rebate, $177.03 after.
Three ways of using it
Worked for one adult in NSW, under 65, on the 24.118% rebate, over a year, at typical prices: $200 for general dental, $300 for optical and $90 for physiotherapy.
One dental check-up a year
$2,074 behind
That costs $200 with no cover. On this policy you’d pay $2,124 in premiums and get $50 back.
Against the 219 policies from funds anyone can join that cover this, it would sit 220th. nib’s DentalPass does best, $2,064 better off over the year.
Two dental visits and new glasses
$2,024 behind
That costs $700 with no cover. On this policy you’d pay $2,124 in premiums and get $100 back.
Against the 189 policies from funds anyone can join that cover this, it would sit 190th. Latrobe’s Core Essential Extras does best, $2,074 better off over the year.
Two dental visits, new glasses and six physio sessions
$2,024 behind
That costs $1,240 with no cover. On this policy you’d pay $2,124 in premiums and get $100 back.
Against the 181 policies from funds anyone can join that cover this, it would sit 182nd. HCF’s Flex My Extras does best, $2,394 better off over the year.
Your year won’t look like any of those.
Put in what you actually use and the calculator sets this policy beside every other one, with the working.
What it pays
| Service | Benefit | Yearly limit | Wait |
|---|---|---|---|
| General Dental | $50 a visit | Not published | 2 months |
| Major Dental | Covered, amount not published as a set figure | $1,200 | 12 months |
| Endodontic (Root Canal) | Covered, amount not published as a set figure | $850 | 12 months |
| Orthodontic | 90% of the fee | $890 | 12 months |
| Optical | Covered, amount not published as a set figure | $460 | 12 months |
| Non-PBS Medications | Covered, amount not published as a set figure | $1,000 | 2 months |
| Physiotherapy | Covered, amount not published as a set figure | $1,000 | 2 months |
| Chiropractic | Covered, amount not published as a set figure | $920shared with osteopathy | 2 months |
| Podiatry | Covered, amount not published as a set figure | $750 | 2 months |
| Psychology | Covered, amount not published as a set figure | $920 | 2 months |
| Acupuncture | Covered, amount not published as a set figure | $850 | 2 months |
| Remedial Massage | Covered, amount not published as a set figure | $850shared with chinese herbal medicine and exercise physiology | 2 months |
| Hearing Aids | Covered, amount not published as a set figure | $1,088 | 12 months |
| Glucose Monitor | Covered, amount not published as a set figure | $1,040 | 12 months |
| Antenatal/Postnatal | Covered, amount not published as a set figure | $260 | 2 months |
| Chinese Herbal Medicine | $82 a visit first, then $64 a visit | $850shared with remedial massage and exercise physiology | 2 months |
| Dietetics | Covered, amount not published as a set figure | $425 | 2 months |
| Exercise Physiology | $82 a visit first, then $64 a visit | $850shared with remedial massage and chinese herbal medicine | 2 months |
| Orthoptics | Covered, amount not published as a set figure | $790 | 2 months |
| Health Management | Covered, amount not published as a set figure | $200 | 2 months |
| Home Nursing | Covered, amount not published as a set figure | $1,500 | 2 months |
| Occupational Therapy | Covered, amount not published as a set figure | $790 | 2 months |
| Osteopathy | $85 a visit first, then $70 a visit | $920shared with chiropractic | 2 months |
| Speech Therapy | Covered, amount not published as a set figure | $1,000 | 2 months |
| Vaccinations | 90% of the fee | Not published | 2 months |
As listed for one adult in NSW. A percentage is of the provider’s fee; a dollar figure is the most paid per visit. Where a benefit differs by item, the commonest one is shown.
What it costs
| State | Single | Couple | Family | Single parent |
|---|---|---|---|---|
| All states | $233.30 | $466.60 | $466.60 | $466.60 |
Listed premiums a month, before the rebate. The rebate takes 24.118% off for most households under 65.
What beats it
For two dental visits and new glasses, from funds anyone can join:
- 1Latrobe Core Essential Extras+$49 ahead
- 2Health Partners Flex Extras: Eyes+$47 ahead
- 3HCF Flex My Extras+$45 ahead
Worked from the Australian Government’s Private Health Open Listing, 01-Oct-2026, with the same sums as the calculator: listed premiums after the rebate, benefits capped by each policy’s limits and waiting periods. Product code I1/A0000S on privatehealth.gov.au. How the sums work.
This is general information, not personal financial advice. Confirm the premium and benefits with the fund before you buy or switch. Independent of every fund listed · No affiliate fees, no commissions.