Health insurance deals and offers

Young couple reading a smartphone on a sunny day

Save on your cover this March before the April premium rise with these offers, and watch this space for EOFY deals as June draws closer.

Due to the premium increase coming in April, many health funds are starting to offer a myriad of new deals and incentives during March to attract new members. These offers range from cash bonuses, gift cards, discounts on premiums and waiving of waiting periods on extras services.

To save you the hassle of scouring the internet for these promotions finder.com.au has done it for you. Below you can find a number of sign up offers from well known health funds that can help you find the best deal*, and the cheapest health insurance policy*, for you. Happy hunting.

Sign up bonuses offered by participating health funds for March 2017

Store Discount Expiration Description Last verified Redeem
Save up to 4% on all HIF covers Pay your premiums annually and save 4% on any HIF policy. Alternatively opt for half-yearly payments and save 2%.
  • This offer cannot be combined with any other HIF discount except for the $50 cash card deal below.

Last verified 6 Mar 2017

finder.com.au exclusive deal! Get a $50 bonus cash card with any HIF policy Just reference the code when purchasing any HIF cover. Can be used in conjunction with HIF's 4% discount for paying annually.
  • The cash card is sent out after holding cover for six weeks.
  • This offer cannot be combined with any other HIF discount.
  • Offer only available to new members.
  • Offer not available to HIF employees or their families.

Last verified 6 Mar 2017

Show code FI****

After the store tab opens, come back to copy the code

Store Discount Expiration Description Last verified Redeem
Join AHM during March 2017 and earn up to 70,000 bonus flybuys points

Coupon code expires 30 Mar 2017

Discover how many bonus points you can earn. This offer can be combined with AHM's other March deal below.
  • Bonus points vary depending on the policy you choose.
  • Offer is only available to new members.
  • Offer not available with overseas student health cover.
  • Offer not available with ambulance only cover.
  • Cover must be held for at least six months.

Last verified 5 Mar 2017

Show code FL****

After the store tab opens, come back to copy the code

Serve no 2 and 6 month waiting periods on extras services

Deal expires 31 Mar 2017

When you purchase an AHM Black & White Package or any Black Extras Cover combined with any AHM Hospital Cover.
  • Combined covers with 2 & 6 month waiting periods only.
  • Offer only valid if you pay by direct debit.
  • Offer cannot be redeemed for cash.
  • Not available on Ambulance only policies.
  • Not available on overseas visitors health cover.
  • Offer available for new members on new memberships only.

Last verified 1 Mar 2017

Store Discount Expiration Description Last verified Redeem
Serve no 2 month waiting period on extras or 6 month waiting period on optical

Deal expires 31 Mar 2017

When you purchase any Australian Unity combined hospital and extras cover during March.
  • Offer available to new members only.
  • Offer only applies to combined hospital and extras cover.
  • Not available on Overseas Visitors Cover or Extras only.
  • Waiting periods still apply to wisdom teeth extractions, periodontics and endodontics.

Last verified 1 Mar 2017

Store Discount Expiration Description Last verified Redeem
Serve no extras waiting periods and earn up to $200 on any combined policy

Deal expires 31 Mar 2017

Claim instantly on extras services with a two or six month waiting period and receive an $100 or $200 gift card.
  • Couple, single parent and family policies receive $200.
  • Single policies receive $100.
  • Gift card is sent after three months of holding cover.
  • Offer only valid with combined hospital and extras policies.
  • Offer available to new members only.
  • Policy must be financial when the gift card is redeemed.

Last verified 1 Mar 2017

Store Discount Expiration Description Last verified Redeem
Get 6 weeks free on combined covers

Deal expires 31 Mar 2017

Sign up for a GMHBA combined hospital and extras policy and receive the first six weeks of cover free.
  • You must pay for the first month up front via direct debit.
  • For new members/memberships only.
  • Members must pay via direct debit.
  • Offer only applies to combined hospital and extras cover.
  • Bronze products are included in this offer.

Last verified 1 Mar 2017

Store Discount Expiration Description Last verified Redeem
Extras waiting period waived on all combined hospital and extras policies

Deal expires 31 Mar 2017

  • Waiver applies to 2 month waiting period on general extras.
  • You must make at least one fortnightly payment to claim.
  • Offer applies to all combined Hospital & Extras policies only.
  • Offer applies to new members only.
  • Annual limits apply.

Last verified 1 Mar 2017

Store Discount Expiration Description Last verified Redeem
Buy any hospital and extras package and choose from a range of $150 gift cards

Deal expires 31 Mar 2017

Retailers offering gift cards include JB Hi Fi, Myer, David Jones, Rebel, The Iconic, Ticketmaster, Flight Centre, Uber and more.
  • Offer is only available to new members.
  • Offer not available to overseas visitors health cover products.
  • Limit of one gift card per policy.
  • The policy must be financial when the gift card is redeemed.

Last verified 1 Mar 2017

You can check out the deals being offered by all health funds here.

What else can I do to save on health insurance this EOFY?

Besides taking advantage of the numerous health insurance deals that start getting released at around early to mid-May, you may also be able to kill two birds with one stone by avoiding two government penalties that impact the amount you are taxed and the amount you pay in health insurance premiums.

Don't get hit with the Medicare Levy Surcharge

Depending on how much you earn, if you are not covered by private health insurance you're going to have to pay 1% to 1.5% tax towards the Medicare Levy Surcharge (MLS).

The good news is that you can easily avoid the MLS by purchasing a policy, and the better news is that some health funds offer cover that costs less per year than the amount taxed. Some of these policies are outlined below:

Health fundProductExcessApply
AHMLite Cover$500 excess on hospital itemsMore info
Australian UnityBasic Hospital$500 excessMore info
BUPAActive Saver$100 CopayMore info
GMHBABronze Hospital Options$500 excessMore info
NIBKickstarter$500 excessMore info
CUAPublic Hospital CoverNoMore info
Defence HealthADF Essentials Package$200More info
Defence HealthEssentials Hospital$200More info
Doctors Health FundSmart Starter$500 excessMore info
Frank InsuranceBasic HospitalAdmission excess per person $500 per yearMore info
HBFSuper Saver Hospital$500 excessMore info
GMF HealthLite Hospital$500 excessMore info
RT HealthSingle Cover Public Hospital$500 excessMore info

*Quotes for Tier 1 single male, under 30, living in NSW. Prices subject to change and should be used as a general guide only

Avoid the Lifetime Health Cover loading

The Lifetime Health Cover (LHC) is a government initiative designed to encourage young people to get private health insurance. It adds a 2% loading on top of your premium for every year you fail to take out cover after you turn 31 until it caps at a maximum of 70%. For example, if you sign up at 45 you'll pay 30% more than someone who joined up at the age of 30.

If you have just turned 31 it could be worth waiting until the EOFY offers are released and snag a good deal while avoiding both the Medicare Levy Surcharge (which taxes you) and the LHC (which begins adding the 2% loading following 1 July after your 31st birthday). Its a win-win-win.

Any other ways to reduce my health insurance costs?

Compare policies from 35 Australian health funds

Latest headlines

*The offers compared on this page are chosen from a range of products finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your personal financial circumstances when comparing products.
Picture: Shutterstock

Richard Laycock

Richard is the senior insurance writer at finder.com.au and is on a mission to make insurance easier to understand.

Was this content helpful to you? No  Yes

Related Posts

Compare health insurance on finder.com.au

Compare all health 35 funds today
Compare all health 35 funds today

Compare all 35 private health funds and quotes for 65,000 policies.

More info...
Latest health insurance member discounts
Latest health insurance member discounts

Compare the latest member discounts and benefits from health funds.

More info...
Compare combined health insurance
Compare combined health insurance

Get health insurance with extras and hospital cover in one policy.

More info...
Health insurance for overseas visitors
Health insurance for overseas visitors

Compare overseas visitor health cover offered by participating funds.

More info...

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback