WHAT DOES A TYPICAL MEMBER LOOK LIKE?
Single
$5/day contribution
$1,825
contributed per year
$3,273
indicative 5yr balance*
Family
$10/day contribution
$3,650
contributed per year
$7,200
indicative 5yr balance*
Larger Family
$15/day contribution
$5,475
contributed per year
$10,900
indicative 5yr balance*
Use the calculator below to see your personal numbers →
*Indicative only. Based on 3% p.a. interest on unspent balance, $1,000/yr claims. General information only, not financial advice.
See what you'd keep instead of paying a health fund
Adjust the sliders to match your situation. All results are based solely on your inputs and published APRA data. This is not financial advice.
Minimum $5/day. This is YOUR money going into YOUR account.
Check your fund statement for your extras-only premium.
Total invoice for dental, optical, physio etc. — before any fund rebate. APRA Dec 2025 average: $1,000/yr.
Balance at end: $0 — unused premiums are not refunded. Gap rate 46.84% sourced from APRA Quarterly Private Health Insurance Statistics, Dec 2025.
Data sources:
APRA Quarterly Private Health Insurance Statistics, Dec 2025 (gap rate 46.84% = benefits paid as % of premiums for extras cover) ·
Dept of Health 2026 Premium Approval ·
AIHW Health Expenditure Australia 2022–23 ·
Your Health Wallet published fee schedule.
All projections are based solely on the inputs you provided above.
Free. No spam. Your numbers, your report. Not financial advice.
The questions you're probably asking right now
“I can just do this myself — open a savings account.”
You can. But 87% of Australians who say that have $0 set aside for health expenses (AIHW 2023). YHW is the structure and discipline that makes it actually happen — like a gym vs “I’ll exercise at home.” The gym wins because of commitment. Plus, a savings account doesn’t track your health spending, generate reports, or integrate with your providers.
“Sounds too good to be true.”
It’s not a return — it’s your own money back. You’re not earning 600% returns. You’re simply stopping the money you were going to hand to a health fund and keeping it instead. The “magic” is that PHI extras is an extraordinarily poor value product — you pay $2,400/year and get back 53 cents in the dollar on average (APRA Dec 2025). YHW keeps 100 cents in the dollar because it’s your account.
“Why hasn’t anyone done this before?”
The health insurance industry is a $25 billion/year industry with significant regulatory influence. The Private Health Insurance Act 2007 was written to protect funds, not consumers. Your Health Wallet operates as a structured health savings account — outside that framework. The same reason it took 20 years for someone to challenge the taxi industry. The incumbents had regulatory capture. That’s changing.
“What if I need more than my balance covers?”
Your balance grows every year you don’t claim. Unlike PHI, your money rolls over — it never resets to zero. In the early years, you contribute more than you spend, building a buffer. Most Australians with extras cover claim less than $1,000/year (APRA Dec 2025 average: $847). Your $5/day builds $1,825/year — well above average annual claims.
Your personalised report is ready
Enter your details below and we’ll generate a report with your exact numbers, data sources, and a full side-by-side comparison — yours to keep.
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Your personalised comparison is based on the numbers you entered and verified APRA data. We’ve also emailed you a copy.
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🔓 Open Your Health Wallet — From $5/day
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