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Health insurance deals and offers

Get something extra with your health insurance this end of financial year 2017 with these deals and offers.

June is fast approaching, and this means an upsurge in special promotions from health funds which 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 deals finder.com.au has done it for you. Choose from a selection of limited time offers from well-known Australian funds that add additional value to your health insurance purchase. Happy hunting.

Health insurance deals from participating funds

Store Discount Expiration Description Last verified Redeem
Extras waiting periods waived & 6 weeks free on combined policies

Deal expires 30 Jun 2017

  • Applies to 2 & 6 month extras waiting periods only
  • New members only
  • Cover must be held continuously for 60 days

Last verified 19 Jun 2017

Join direct with AHM & earn up to 60,000 bonus flybuys points

Coupon code expires 30 Jun 2017

  • Bonus points vary depending on the policy
  • New members only
  • Must hold cover for at least six months

Last verified 19 Jun 2017

Show code FL****

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

Store Discount Expiration Description Last verified Redeem
Save up to 4% on all HIF policies
  • Pay annually & receive a 4% discount
  • Pay half-yearly & receive a 2% discount

Last verified 19 Jun 2017

Exclusive: $50 bonus cash card with any HIF policy
  • The cash card is sent out after holding cover for six weeks
  • Offer only available to new members

Last verified 19 Jun 2017

Show code FI****

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

Store Discount Expiration Description Last verified Redeem
Get a $100 EFTPOS gift card & your first month free with any combined policy

Deal expires 30 Jun 2017

  • This offer applies to hospital & extras policies only

Last verified 19 Jun 2017

Store Discount Expiration Description Last verified Redeem
2 month extras waiting periods waived + one month free on all combined policies

Deal expires 30 Jun 2017

  • New members only

Last verified 23 Jun 2017

Store Discount Expiration Description Last verified Redeem
Extras waiting periods waived & your 3rd month free on combined policies

Deal expires 30 Jun 2017

  • Applies to 2 & 6 month extras waiting periods only
  • New members only
  • Cover must be held continuously for 60 days

Last verified 7 Jun 2017

Store Discount Expiration Description Last verified Redeem
Get a $200 gift card with any nib combined policy

Deal expires 30 Jun 2017

  • This offer applies to hospital & extras policies only

Last verified 1 Jun 2017

Store Discount Expiration Description Last verified Redeem
Get 6 weeks free on Teachers Health combined policies

Coupon code expires 29 Jun 2017

  • Restricted fund: Must satisfy membership criteria to apply
  • New members only
  • Applies to the second month following payment

Last verified 19 Jun 2017

Show code SI****

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

Extras waiting periods waived + 1 month free on combined policies

Coupon code expires 29 Jun 2017

  • Restricted fund: Must satisfy membership criteria to apply
  • Applies to 2 & 6 month extras waiting periods only
  • New members only
  • Applies to the second month following payment

Last verified 19 Jun 2017

Show code ON****

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

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

Coupon code expires 29 Jun 2017

  • Restricted fund: Must satisfy membership criteria to apply
  • New members only
  • Applies to the second month following payment

Last verified 19 Jun 2017

Show code SI****

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

Extras waiting periods waived + 1 month free on combined policies

Coupon code expires 29 Jun 2017

  • Restricted fund: Must satisfy membership criteria to apply
  • Applies to 2 & 6 month extras waiting periods only
  • New members only
  • Applies to the second month following payment

Last verified 19 Jun 2017

Show code ON****

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

Store Discount Expiration Description Last verified Redeem
Extras waiting periods waived + 1 month free on combined policies

Deal expires 30 Jun 2017

  • Restricted fund: Must satisfy membership criteria to apply
  • Applies to 2 & 6 month extras waiting periods only
  • New members only
  • Cover must be held for 90 days to get the free month

Last verified 8 Jun 2017



Compare EOFY health insurance offers from Australian brands

FundDealEnd dateLink
ahm
  • Extras waiting periods waived and one month free on combined policies
  • Join direct with AHM & earn up to 60,000 bonus flybuys points
15 June 2017Get deal
CUA Health
  • Get a $100 EFTPOS gift card with any combined policy
  • Get your first month free on any CUA policy
30 June 2017Get deal
Doctors Health Fund
  • Receive your choice of a $300 Westfield XS Eftpos Gift Card OR $300 Escape Travel Gift Card with any combined policy
30 June 2017Find out more about fund
GMHBA
  • One month free cover
30 June 2017Find out more about fund
HBF (WA only)
  • Get a rebel gift card worth up to $300 for families or couples OR $200 for singles when you take out a combined WA hospital and extras policy
30 June 2017Find out more about fund
HCF
  • Extras waiting periods waived and one month free on combined policies
30 June 2017Get deal
health.com.au
  • Extras waiting periods waived and one month free on combined policies
30 June 2017Find out more about fund
HIF
  • Exclusive: $50 bonus cash card with any HIF policy
n/aGet deal
Medibank
  • Get a $300 Rebel eGift Card as a family or couple, or $150 as a single OR single parent when you get a combined hospital and extras cover
n/aFind out more about fund
NIB
  • Get a $200 gift card when you take out a combined hospital and extras policy
30 June 2017Get nib 
Nurses & Midwives Health
  • Six weeks free cover OR one months free cover PLUS get two and six month extras waiting periods waived when you take out a combined hospital and extras
30 June 2017Find out more about fund
Peoplecare
  • Get a $100 gift card when you take out a hospital or combo policy
n/aFind out more about fund
RT Health
  • Join rt health go into the draw to win a $750 Bunnings gift card
31 July 2017Find out more about fund
St.Lukes Health
  • Get a $100 Gift Card and two, three and six month extras waiting periods waived when you take out a combined hospital and extras policy
30 June 2017Find out more about fund
Teachers Health Fund
  • Six weeks free cover OR one months free cover PLUS get two and six month extras waiting periods waived when you take out a combined hospital and extras
30 June 2017Get deal
WestfundTake out a combined hospital and extras and receive:

  • Waiver of two month extras waiting periods benefits
  • One month free
  • 20% discount on registration for the Yeppoon Running Festival
31 July 2017Find out more about fund

Prefer to compare? Review policies from 30+ funds

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

*Disclaimer: Quotes for Tier 1 single male, under 30, living in NSW. Prices were accurate when this article was published but are 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?



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*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', 'Top' and 'Cheapest' 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.

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