Been waiting for an offer like this since getting my $300 eftpos card from iSelect.
Things to note:
This deal is probably best for those who have PHI to avoid the Medicare Levy Surcharge. If your on a Private Insurance Cover for medical reasons, its probably not the best idea to be jumping from one fund to another
Check with your new Health Fund that they have transferred you waiting limits across within the 30 day cooling period.
I have also confirmed that all your waiting periods transfer from all your previous funds. Just make sure you either have the transfer certificates to provide to your new fund, or provide authorization to the new fund to request the transfer certificate. Now when you login to your new fund account, you will see the waiting periods from when you joined the new health fund. But this will be corrected manually when a claim is made based on all your previous transfer certificates.
You should get this in your email to confirm your eligibility if you've followed the right steps:
Congratulations! By joining a combined Hospital and Extras cover you’re now on your way to receiving a $200 eftpos gift card!
At the end of your 30 day cooling off period, we’ll send you an email with all of the details on how you can redeem your gift card.
Below is a Table that shows how much you would be paying extra in Tax if you didn't have Private Health Insurance
| Threshold | Tier 1 | Tier 2 | Tier 3 | |
|---|---|---|---|---|
| Singles | $90,000 or less | $90,001–$105,000 | $105,001–$140,000 | $140,001 or more |
| Families | $180,000 or less | $180,001–$210,000 | $210,001–$280,000 | $280,001 or more |
| Rates | 0.0% | 1.0% | 1.25% | 1.5% |
| Minimum MLS* | $0 | $900 | $1312 | $2100 |
MLS = Medicare Levy Surcharge
Eligible Entrants must meet the following Entry Requirements (“Entry Requirements”):
(a) the Eligible Entrant must successfully purchase the policy for an Eligible Product during the Offer Period through one of the nib’s approved online channels (using the nib website www.nib.com.au, nib mobile phone app or tablet);
(b) the Eligible Product must have a Policy Start Date between 15 May 2016 and 30 June 2016;
(c) the Eligible Product must be current and paid up to date as at the date of the Offer being redeemed;
(d) the Eligible Entrant must not be a current policyholder, or have joined and cancelled an Eligible Product 2 months before or during the Offer Period;
(e) the first premium must have been paid for the new policy;
(f) the 30 day cooling off period must have expired, calculated from the date of join;
(g) the Eligible Entrant must have a valid email address applied to their policy; and
(h) the Eligible Entrant must not be an employee of the Promoter or its agencies.
To summarise , I've been jumping from one health fund to another every few months and taking advantage of free eftpos and gift cards / vouchers and flybuys points .
I've earned approx $1000 in freebies which literally has paid off my PHI costs
cheapest product is meant for people to avoid tax. It works for me. I'm happy with the public system cover