Get 10 weeks free*
When you take out a combined Hospital and Extras cover by 3 March 2025.
*Available to eligible, new members. Offer fulfilled in month 3 of membership.
Deal expires in 2 days, hopefully it will benefit few.
https://www.aami.com.au/health-insurance/feb-mar-terms-25.ht…
All of them do
From t&c:
Not available to existing health insurance policy holders with nib Health Insurance, nib Overseas Students Health Insurance, nib International Workers Health Insurance, nib Corporate Private Health Insurance, GU Health Insurance, AAMI Health Insurance, Apia Health Insurance, Suncorp Health Insurance, ING Health Insurance, Priceline Health Insurance, Real Health Insurance, Seniors Health Insurance, Qantas Health Insurance, or to previous policyholders who have held health insurance with any of these brands and cancelled their policy 6 months before or during the Offer Period.
Uhhhhh what’s left?
Many others. All the above are nib or white label nib. Plenty of others to choose from
AHM
Thanks. I was interested until I read this.
So much "pretend" competition.
What are the waiting periods?
The time you need to wait before you can submit a claim.
As long as they are.
Did you check the AAMI website? They're all clearly listed.
Hopefully that means more competitive offers and pricing amongst all the companies NIB underwrites. NIB direct sometimes works out cheaper than these other companies.
Is churning between these kind of deals possible or worthwhile? Any advice if anyone does churn regularly?
Read some of the health insurance deal posted and comments therein: https://www.ozbargain.com.au/tag/health-insurance
Interested to know the same. Is it the same as mobile operators?
And waiting period waiver is no where mentioned. Dont want to churn from existing provider where there is no waiting and get on to waiting again.
Add your current health fund’s details so we can cancel your current policy and get your transfer certificate. This will mean we can recognise waiting periods you’ve served and check remaining limits on your included services.
If you don’t provide these details, you will need to cancel your current cover and provide us with a transfer certificate. This could delay your ability to claim under your new cover.
In one of the previous "10 weeks free" posts, one OB'ner comment was they regularly switch. Search through the health forum. Personally, I contacted BUPA retention team and they matched the offer. Might try again with this deal.
They will not match the offer on multiple occasions because, by law, the maximum discount you can be offering in a year is 12%.
How does this 10 weeks free work as 10/52=19.2% discount?
@FatTofu: I think your calculation is incorrect. Closer to the mark is the following:
This is not a bad discount considering that the best offers (pay 1 month, get 6 weeks free) net around a 58% discount.
Note that this offer is only worthwhile as it is as close as possible to the fulfilment date before the offer expires. If you joined earlier in this promotion, better offers would have been available, and they should have been selected in preference to this 'deal'.
The usual long delay with NIB-related promotions is why I typically don't even consider them when churning.
@YesPleaseThankYou: Isn't 58% > 12%?
by law, the maximum discount you can be offering in a year is 12%.
the discount is thus 70 days (free days)
A year is 365 days.
70 free days / 365 days = 19.2%, same as what @FatTofu calculated.
19.2% > 12%, no?
@tenpercent: Then I would suggest that NIB is in breach:
See clause 6 in Private Health Insurance (Complying Product) Rules 2015:
(1) For subparagraph 66‑5(1)(c)(ii) of the Act, the maximum percentage discount allowed is 12% per annum.
My calculation was in respect of the value of the discount from the consumer perspective (more specifically, from a churner perspective).
I have no concern as to whether NIB might be in breach of health insurance legislation—that's NIB's problem.
I've tried to get Bupa team to match the offers 3 times and been denied 3 times, so I switched
You are wasting your time. Easiest just to switch.
They gave me 10 weeks but the biggest draw to stay with them was they said in November, BUPA pays a "cash back" depending on the number of years membership so I stayed. In November they gave me $1.65 or something - not impressed. In previous years it was in the hundreds so I was expecting more last year. I also have a high Major dental limit of $1000+ , whereas this offer is $450. Did you ever receive a cash back from BUPA ?
@MITM: Yes, many times. Sometimes even for years back.
They were throwing money around. Whoever was doing their data extracts and checking must've been fools.
I would never stay for the promise of a cash back.
@MITM: I've received some cashback but not much, I have the lowest tier hospital + extra insurance
ahm also gave me a bit, but because of the unrstable nature of such, I am unable to compare between.
But it does seem best for me to churn
Time to move from gmhba
Hmm, anyone got experience with the quality of their service tho aye
If so very tempting, upgrade to a higher plan for the duration of the 10 weeks.
If so very tempting, upgrade to a higher plan for the duration of the 10 weeks.
You'll need to serve waiting periods for any higher level of cover.
Not quite - I'm already on a higher level of cover when I moved to GMHBA, and would get an equivalent level of cover here… I would then downgrade once the 10 weeks are up (or move to another provider).
You didn't provide that info in your post.
Further, that sounds complicated. If you have time to manage all that, good luck to you!
Sounds like you spend a lot of time talking/chatting to the funds. Ain't nobody (but you) got time for that.
I would then downgrade once the 10 weeks are up (or move to another provider).
If you downgrade, then you might lose whatever facilities you served the waiting period for in the higher cover and have to start it again.
Join today and you could get 10 weeks free when you purchase any new combined Hospital and Extras cover.
Available to eligible, new members. Offer fulfilled in month 3 of membership.
The Offer consists of adjusting the “paid to” date on the qualifying policy to reflect the reduction off the premium payable for an amount equating to 10 weeks (calculated as 70 days) of the annual premium.
This is very typical.
Typical only for NIB-related companies.
Further, AAMI does not know the terms of its own promotion. This offer is not 'fulfilled in month 3 of membership/ It is fulfilled according to the terms.
I had the same thing happen with GMHBA when I moved to them, they aren't related to NIB.
@dinglejerry: You certainly did not. GMHBA terms are very different to those from NIB and NIB-related brands.
@YesPleaseThankYou: Ok, you're obviously looking for an argument, so I'll just admit you're right, hopefully your ego will feel better and I can get on with my weekend. Cheers.
I posted the quote to get an interpretation - not start an argument. My interpretation is that that in week 9, 10, 11 or 12 (Month 3) - 10 weeks WILL BE credited, moving your paid to date 10 weeks into the future - ie month 5 or 6.
Wasn't referring to you, just the other guy who seems to have a fairly condescending attitude. I'm not exactly sure from the Ts and Cs when the 10 weeks are credited, but I agree with the second part of your statement.
If you are half way through a waiting period, does that reset or transfer over when you churn?
When the answer is already in the thread🤦♂️
You'll continue waiting. The transfer certificate will state how long you've been waiting.
"Join today and you could get 10 weeks free when you purchase any new combined Hospital and Extras cover.
Available to eligible, new members. Offer fulfilled in month 3 of membership.
The Offer consists of adjusting the “paid to” date on the qualifying policy to reflect the reduction off the premium payable for an amount equating to 10 weeks (calculated as 70 days) of the annual premium
To receive the Offer, Eligible Members must meet:
* successfully join an Eligible Product during the Offer Period through one of AAMI’s approved channels (using the AAMI website www.aami.com.au/health-insurance or AAMI call centre);
* maintain the Eligible Product up to the date of the Offer being applied to the active policy, being 30 April 2025 (Fulfilment Date) for policies purchased between 18 February 2025 and 03 March 2025. The Offer will be forfeited if the Eligible Member is not an active policyholder on the Fulfilment date.
….
"
This thing confuses me always.
Let us imagine I join today 2nd March 2025. I stay until April 30th 2025. Does that mean my payment on 2nd May or maybe 2nd June (3 month from now) is lower or what? Or the due date after that will not be 2nd July and rather be Oct? I am super confused Can someone explain as if I am 5
My interpretation is that that in week 9, 10, 11 or 12 (Month 3) - 10 weeks WILL BE credited (being 30 April 2025 Fulfilment Date), moving your paid to date 10 weeks into the future - ie month 5 or 6.
Anyway, for me my comparative premium would be cheaper by $20 and I would have 30 days cooling off (without claiming) to get BUPA to match
What is Bupa to match ? I am with Bupa now
The 10 weeks - which they promote to new clients at some point during the year anyway.
Might be a dumb question but its unclear to me. My 'free weeks' for medibank ends 24 April, if i sign up to this deal now and delay start date to 24 April would i still be eligible for the 10 weeks?
The answer to that is covered in the Terms:
- For clarity, Eligible Members who join an Eligible Product (during the Offer Period), which has a policy start date outside of the Offer Period, can qualify for the Offer subject to their compliance with:
a. these Terms and Conditions (including, but not limited to, the Eligibility Requirements); and
b. any other terms and conditions imposed by nib in relation to the selection of policy start dates.
If you're considering taking up an offer, you need to read the applicable terms. That's Step 1.
So without being a lawyer it sounds like they could pay for one week and get 10 free?
@fleetoiler: There's no need to be a lawyer to read the full terms and conditions.
You need to 'purchase' the policy within the relevant period:
- The Offer commences at 12:00 am (AEDT) on 18 February 2025 and closes at 11.59pm (AEDT) on 03 March 2025 (“Offer Period”). Policies purchased after 11.59pm (AEDT) on 03 March 2025 will not be eligible for the Offer.
and
- To receive the Offer, Eligible Members must meet:
…
b. maintain the Eligible Product up to the date of the Offer being applied to the active policy, being 30 April 2025 (Fulfilment Date) for policies purchased between 18 February 2025 and 03 March 2025. The Offer will be forfeited if the Eligible Member is not an active policyholder on the Fulfilment date.
This means that it is not possible to:
pay for one week and get 10 free
@fleetoiler: From what I understand, it would be fulfilled in month 3, so they'd still have to serve the initial 3 months.
@ShouldIBuyIt: Did you read the terms? If you did, you would see that there's no mention of 'month 3'.
As I said earlier:
Further, AAMI does not know the terms of its own promotion. This offer is not 'fulfilled in month 3 of membership', it is fulfilled according to the terms.
@YesPleaseThankYou: Oh, 2 people quoted
Available to eligible, new members. Offer fulfilled in month 3 of membership.
Hence I thought it was coming from the T&C's (I indeed didn't browse them through ^^)
Hence I thought it was coming from the T&C's (I indeed didn't browse them through ^^)
Yes, it was stupid of AAMI to say something unsupported by the terms it agreed with NIB.
Looks that way.
to receive the Offer, Eligible Members must meet:
successfully join an Eligible Product during the Offer Period through one of AAMI’s approved channels (using the AAMI website www.aami.com.au/health-insurance or AAMI call centre);
maintain the Eligible Product up to the date of the Offer being applied to the active policy, being 30 April 2025 (Fulfilment Date) for policies purchased between 18 February 2025 and 03 March 2025. The Offer will be forfeited if the Eligible Member is not an active policyholder on the Fulfilment date.
The Fulfilment date is 30 April 2025.
Yes but you can only delay by 1 month
OK cool so join now, but delay for a month, start date 2nd april, pay for 4 weeks, get the next 10 free, then churn on week 15.
Where does it say 1 month delay max?
@tunzafun001: I presume they went part-way through the sign-up process and that 30 days into the future was all that was selectable. (I haven't done this so can't confirm.)
@YesPleaseThankYou: Thanks. Looks like Real allow signing up on April 29 (pretty sure they will pull it early like gmhba did).
4% direct debit discount - never had that before.
Sure, but NIB policies are already at the expensive end. You'll pay for it in the end.
Take a look at the Performance tab on this page: https://privatehealth.gov.au/dynamic/Insurer/Details/NIB. NIB is behind on all key metrics.
Lucky your with Amy
I really need to churn, pondering between Medibank and this offer. Please help!!!
I'm comparing bronze hospital and starter extra. No gov rebate
Medibank has 2 offers
Can also combine with
Please help!!!
OK. Stop dithering and make a decision.
Only you know your specific circumstances.
NIB 8 weeks free + Compare the Market $275 cashback works out to be a better deal for me
Yeah. This is a terrible deal especially that its underwritten by NIB
Why do you say that?
As per deal hunters comment.
And NIB are not so generous with extras either.
@easternculture: I just picked a comparable extras plan to what I’m already on. It seems pretty similar… 10 weeks is 2 1/2 months which is about as good as I’ve gotten most of the time so I’m just curious why it’s terrible
It wasn’t there when I checked yesterday,, would have been better option.. hoping there will be new offers towards June being eoy..time when my free weeks end
Check TCB for $275 cashback
may be a silly question. Regarding 'medicare levy surcharge' as per the link: https://www.ato.gov.au/individuals-and-families/medicare-and… . "For singles, an appropriate level of cover must have an excess of $750 or less. Couples or families must have an excess of $1,500 or less". Does that mean taking ANY packages out of these which exceeds $1500 would negate the MLS? (or anyone aware of specific coverage requirement to negate MLS?)
FYI - This is a great definitive guide on Private Health insurance
https://www.reddit.com/r/AusFinance/comments/1145yq3/private…
TDLR:
Private Health Insurance is a pre-payment of the cost of going into hospital, and some of the cost of the actual treatment you get
UPSIDE
If you earn a lot, it's cheaper than the Medicare Levy Surcharge.
DOWNSIDE
Is that worth the money? Only you can decide. But if you earn a lot (>$250-300k individually), you're probably (financially and health-wise) going with some form of private health insurance unless you're a true closet socialist and want to give the government more health funding via the MLS. (No comment.)
RECOMMENDATIONS FOR FUNDS
AS A WHOLE I would recommend if you don’t plan on being in hospital (i.e. you’re otherwise fit and well), take out a policy with the highest excess you can and stick that money in a HISA instead. If you’re in hospital frequently or unexpectedly (e.g. you have Crohn’s disease and are prone to flares) then a low- or no-excess policy makes sense.
I’ll update this as I have a dig through some various PDS’s and talk to a few people (and maybe the comments will fill me in) but from what I know:
S tier: Defence Health. Absolute best-of-the-best if you qualify for it (look on their website but loosely you need to be either in the ADF or related to someone who is somehow). If you qualify for them, I’d strongly recommend them. No exceptions.
A tier: many of the “boutique-y” occupation specific ones (Doctor’s Health etc etc)
B tier:
C tier:
Z tier: retail funds (you’ll see their TV ads) bottom-tier (“Bronze” or “Basic”) policies. For tax purposes only.
This is a great definitive guide on Private Health insurance
It's someone's ramblings.
Why isn't this deal more popular?
I guess you haven't read the thread.
For clarity, Eligible Members who join an Eligible Product (during the Offer Period), which has a policy start date outside of the Offer Period, can qualify for the Offer subject to their compliance with:
• these Terms and Conditions (including, but not limited to, the Eligibility Requirements); and
• any other terms and conditions imposed by nib in relation to the selection of policy start dates.
So one can join now for a later start date, before 30 April, and get the 10 weeks free?
I guess you also haven't read the thread.
I just checked other nib associated health insurances as well: Suncorp (nib) also has 10 weeks free, but expiry is 13 March, Real (nib) has 9 weeks free, but the deal expiry is 30 April.
Can anyone advise if any insurance out there gives free weeks if you purchase hospital only health insurance ?
I find extras truely useless
Sounds good. Do they waive waiting periods if you’ve already got coverage?