Health insurance discounts

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With the April 2017 premium rise on the horizon health funds are sweetening the pot for those considering a switch.

With the cost of health insurance premiums rising by 4.84% at the start of April, many people are taking the time to review their cover, switch providers or purchase a policy to lock in their premiums before the increase comes into effect.

March typically sees a surge in health insurance discounts and deals being offered by health funds which are well aware that this month is a popular time to get cover. Here you can find the latest offers from some of the largest and most well-known providers, along with other practical advice for reducing the cost of your health insurance.

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.

Membership benefits and rewards from participating health funds

If you leave it too late to take advantage of the health insurance deals for March don't worry. Most health funds offer members a range of extra perks for joining such as loyalty rewards, discounts on gym memberships, reduced prices on sunglasses and more. All these benefits have been verified as correct from 2 March 2017:

AHM

  • Earn flybuys points. AHM is currently offering an exclusive deal during March that rewards you with up to 70,000 bonus flybuys points if you purchase cover. Find out how many points you can earn from this promotion.
  • Loyalty rewards. Buy any AHM Black & White combined policy and get a boost to your annual benefit limits on extras services for each year that you hold cover. AHM stand alone extras policies increase your benefit limits every five years.
  • Specsavers. AHM members can receive a 25% off a single pair of glasses from the Specsaver $149 range or above. You can also get a 25% discount on lens options and free digital retinal photography.

Australian Unity

  • NRMA. Get 7.5% off Australian Unity policies if you are an NRMA member. This deal excludes Overseas Visitors Cover and Exclusive Lifestyle Packages.
  • Save on optical products. Australian Unity members can enjoy 25% off on a pair of spectacles and a buy one, get one free deal on prescription sunglasses at any Eyecare Advantage store in Victoria and South Australia.
  • Wellplan Rewards Program. Get discounts on gym memberships, fitness equipment, health foods, travel accessories, accommodation and entertainment.
  • No Gap Dental Network. Australian Unity members can access no gap dental benefits for certain oral treatments. This means they pay no-out-of-pocket expenses although yearly limits still apply.

GMHBA

  • Connect Rewards Plus. Under this program GMHBA members earn Connect Rewards dollars each year which can be used to increase annual benefit limits for certain services, reduce excess fees or cover out-of-pocket expenses.
  • Fit Rewards. Purchase any GMHBA Fit package and earn points for participating in eligible fitness events. Points can be spent on a wide range of products including Fitbit wearables, sports watches and exercise equipment.
  • Direct debit discount. Save 2% on your premiums by having them direct debited from your bank, credit union or building society.

HCF

  • More for you programs. These help HCF members reduce or eliminate out-of-pocket expenses for a wide range of treatments. More for you programs are available for services relating to backs, feet, muscles, teeth, eyes and hearing.
  • Travel and pet insurance. All members are eligible for a 10% discount on HCF pet policies and domestic or overseas travel cover. Higher tier health insurance policies reward you with free comprehensive travel insurance.
  • Loyalty benefits. If you take out Gold or Platinum Extras your annual benefit limits on certain services increase each year that you maintain cover. These include a range of dental procedures, physiotherapy, remedial massage and more.
  • Fitness First. Platinum members on 3 or 12-month plans can get 10% off their fees at any Fitness First gym. A one-off joining fee of $75 still applies.

NIB

  • NIB Eye Care. Get 100% back on three ranges of single vision prescription glasses and selected contact lenses.
  • No-gap dental. Get 100% back on select preventative dental treatments at any NIB Dental Care Centre.
  • Travel insurance. Take out any NIB health cover and receive a 10% discount on NIB travel insurance.

Transport Health

  • QBE travel insurance. Transport Health offers its members a 30% discount on QBE's domestic and overseas travel insurance policies.
  • No-gap dental and physio. Get free preventative and general dental check-ups at Transport Health's Primary Dental Centres and one no-gap physiotherapy consultation per year at Primary Physio Centres.
  • Save on optical. Get 100% back on two pairs of single and multi-vision glasses at Specsavers along with 20% off all lens extras. You also receive free digital retinal photography and bulk billed eye tests.

Take advantage of discounts for specific policy types

  • Corporate policies. Check with your employer to see if they offer corporate health insurance. Corporate sector discounts of up to 12% are often granted by health funds, which are then passed onto employees in the form of cheaper policies.
  • Family policies. Many health funds offer incentives for families, such as no hospital admission excess for children, no-gap dental and allowing you to keep your child on your policy until they turn 25 (if they are studying full time).
  • Single parent policies. Health funds have been allowed to provide single parents with a reduced premium compared to the family rate since 2007. If your insurer does not offer a reduced rate, consider moving to another provider that does.

Other ways to save on your health insurance

Compare policies offered by 35 Australian health funds

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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' 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.

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