International students in Australia face a critical but often confusing requirement: obtaining Overseas Student Health Cover (OSHC). OSHC is not just a formality – it’s a mandatory visa condition that protects you from exorbitant medical costs while studying abroad. This guide explains what OSHC is, why it matters, and how you can compare providers to potentially save up to $300 a year.
What Is OSHC and Why Do International Students Need It?
OSHC is designed exclusively for international students on Subclass 500 visas. It ensures that you are covered for essential hospital treatments, doctor visits, and emergency services. The policy must align with your entire visa duration; any lapse can result in visa cancellation. While most students are required to cover themselves and any accompanying family members, certain nationalities may be exempt due to reciprocal health agreements.
Approved OSHC Providers for 2025-2026
Only five insurers are government-approved for OSHC:
- Allianz Care Australia
- BUPA Australia
- Medibank Private
- ahm OSHC
- NIB OSHC
Some institutions may favor providers like Medibank or BUPA, but you have the right to shop around. Comparing providers is essential to ensure you get the best balance of price, customer service, and digital access according to your needs.
Understanding OSHC Costs
OSHC premiums vary widely. For example, single student policies can range from around $623 (with promotions on ahm OSHC) to over $1,350, while family policies and couple policies are higher. Note that all premiums must be paid upfront for the full duration of your visa – there are no monthly instalments.
Price Comparison Snapshot (12-Month Policies, January 2026)
| Provider | Single Student | Couple (2 Adults) | Family (2 Adults + 2 Children) | Best For |
|---|---|---|---|---|
| ahm OSHC | $623* | ~$4,800 | ~$9,200 | Budget-conscious singles |
| BUPA | $1,201 | $5,026 | ~$10,500 | Established brand, support |
| NIB OSHC | $1,282 | ~$5,500 | ~$14,000 | Tech-savvy, app users |
| CBHS | $1,305 | ~$6,000 | ~$11,000 | Mid-range option |
| Allianz Care | $1,350 | ~$6,200 | $9,975 | Families, multilingual support |
| Medibank | $1,368 | ~$6,500 | ~$11,500 | Premium service & uni partnerships |
*ahm pricing includes a New Year promotional discount.
