Join and maintain eligible Medibank hospital and extras cover to receive Velocity Points. Plus, waive the 2&6 month waiting periods on extras. Note: Velocity point will be deposited on 4th month. Let's say: $130/week for 16 weeks = $2080 - 1300 (face value of 130k velocity point) = $780/16 weeks = 48$/week. If you claim on extra, this number will get smaller.
Must be a new Medibank member who has not held Medibank or ahm hospital cover in the last 12 months and hold the same eligible cover for 90 consecutive days to be eligible for the Velocity Points.
Medibank Weekly Premium Range | Velocity Points Earned |
---|---|
$130+ | 130,000 |
$115 - $129 | 100,000 |
$90 - $114 | 75,000 |
$65 - $89 | 45,000 |
$45 - $64 | 35,000 |
<$44 | 25,000 |
grabs popcorn