We’ll help you find the best health cover deal for your needs. This article outlines what to look out for when choosing an insurer, some of the best deals currently available, what to do when comparing health insurance deals, and the various health cover benefits you can expect to receive when signing up for the first time.
Key facts
- You can receive attractive health deals and offers when taking out a combined hospital and extras cover, including getting up to six weeks free and cashback on extras cover.
- When taking out a new health cover, the certain benefits you can get include cashback and flight discounts.
- You can receive discounts and benefits when switching insurers, including changing from one combined hospital and extras cover to another.
- Some offerings include wavering certain waiting periods.
- The best way to compare a company’s sign up offer is to visit their website or utilise a comparison article.
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How to compare health insurance deals
Health insurance is a very important purchase, and it’s best to check out all your options before you buy. Many sites offer good deals, but some might come and go, so make sure you review and compare various insurers and their deals before making your final choice. You may find the best deals before premiums increase on 1 April.
You can compare health fund deals by simply visiting their different websites. You can also view the various components in our comparison section below. While the special deals and offers are a bonus, it’s important to look at the hospital and extras cover that is right for your own needs.
Types of sign up offers for new members
There are many sign-up offers and discounts to encourage new members to take out a health cover policy. Some health funds offer new customers and switchers up to $400 in cashback for a family/couple – usually as gift cards or eGift Cards. Health funds often offer a free four weeks or six-weeks trial for new customers. Some airlines are now pairing their frequent flyer points with new health fund customers to encourage them. Meanwhile, other funds have partnerships with Flybuys or other rewards programs so that customers can earn more credit. Below are some of the most common forms of benefits for new members:
- Cashback: Health funds are starting to offer reward programs in an effort to attract more customers. Some of these rewards include cashback, gift cards or e-gift cards that can be used on certain websites like Amazon Prime for free. You usually have to wait a few months before receiving your reimbursement because they want people who stay longer than necessary after signing up with them at first.
- Free cover: Health funds often offer new customers 4 or 6 weeks free premiums to reward them for signing up. They will usually back-pay your bill once you’ve stayed with the company long enough so that nobody can game this system! Commonly, you’ll be able to save significantly by taking advantage of the 6 weeks free promotions offered by insurers.
- No waiting period health insurance: To stop people from jumping onto the waiting list before they’ve paid any premiums, most treatments have a 2-, 6- or 12 month waiting period. One of the offerings for new members is to skip the waiting periods for certain treatments when they first need them.
- Other benefits (e.g., flight benefits, discounts on gym memberships): Many health funds offer a range of rewards programs that allow you to save on your everyday spending. You can get discounts at gyms, cinemas and theme parks, and other favorite places with everything from supermarkets all the way up to luxury items and flight benefits. Select insurers may also offer direct debit discounts to new customers.
Comparing health insurance offers in March 2022
Benefits from signing up for a new health fund policy can sweeten the deal. While there are many tempting offers, remember to place the policy and your medical needs above the offers and discounts. The right health insurance policy for you will give you peace of mind and security as well as cover any medical expenses. Below are the leading health insurance companies and their deals and offers for March 2022:
AIA health insurance
- Join AIA Health by 31 March on a combined Hospital and extras policy and receive up to $900 cashback.
- Receive a 5% discount on your premiums, 100% of your hospital excess back, and an additional 10% back on non-dental extras when joining the AIA Vitality wellness programme.
- Join now and get up to $200 off the cost of combined hospital cover when you sign-up as a new member, pay by direct debit.
GMHBA
- Get your first six weeks of health insurance free before joining before March 31st.
- Earn Up to $500 in shopping rewards.
- Join now and get up to $200 off the cost of combined hospital cover when you sign-up as a new member, pay by direct debit.
Nib
- Receive up to $400 when signing up for a Virtual Visa Account.
- Get up to 10% off on nib travel insurance.
- Receive 100% back on dental check-ups when visiting a nib Dental Care Centre.
AHM
- New joining members who take out a hospital & extras policy receive 6 weeks free after their first 60 days.
- If members take out a policy before the 31st March, they receive any two and six months waiting periods on extras policies waivered.
- New members get up to 25% off a single pair of glasses from Specsavers.
HIF
- Receive a $200 cash card when signing up.
- Receive a two month waiting period waiver on any Extras treatment or service.
Teachers Health
- Join as a new member and get six weeks free.
- New members receive two and 6-month waiting period waivers on Extras
Medibank
- Hold the policy for 30 days and pay by direct debit to receive six weeks of cover completely free.
- The provider is wavering two and six month waits for extras.
Are health insurance sign up offers worth it?
Frequently Asked Questions and Answers
How can I get a discount on my private health insurance policy?
Health insurance is a must-have for many people, but finding the right policy can be daunting. Features and benefits of each plan are important details to examine when picking out an affordable premium that will suit your needs best. Sometimes there’s even free coverage in addition to other bonuses like special sign up offers or discounts on services from providers who send patients their way as referrals (a great way to get started). Compare Hospital and Extras cover to find the right policy for your and your families requirements.
Can you negotiate health insurance?
Medical insurance may cover you, or the hospital should be able to offer your same discounted price if they’re willing. The Negotiated Rate: This is a reduced charge for services that are offered only to big insurers like Medicaid and Medicare. Smaller companies typically don’t qualify because their profits wouldn’t justify providing such low rates—but still, it’s worth checking with them before going elsewhere.
What sign-up deals are available for health insurance in Australia?
There are many different types of sign up promotions and benefits on offer for new members from multiple health insurance companies. You can expect to receive common sign up deals such as getting your first 6 weeks free, cashback or a shopping voucher on specific items, flight benefits, and discounts on specific goods such as sunglasses or dental services. Always be sure to compare and review the various health insurance policies before making your final choice.
Are there other ways to save on health cover?
Taking advantage of discounts available in certain situations can be a great way to save money for some people. Corporate sector policies offer corporate health insurance with up to 12% off the price for employees who are fortunate enough to receive it. Health funds often offer family-friendly policies, such as no hospital admission excess for children and the ability to keep your child on a policy until they turn 25 if studying full time. Health funds have been allowed to provide single parents with a reduced premium compared to the family rate since 2007.
Are health insurance sign-up deals available when switching health insurers?
Deals and promotions from health insurers can typically be used when switching providers. You don’t need to have been a customer of the new fund for at least 30 days. The only restriction is that your status as an existing client will not affect them, and they cannot cancel any past policies in order to join up with this company or another one without giving notice first – but if their service does not meet all requirements, then there’s no problem taking care international customers anyway.