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Just like any other type of insurer, Australian health insurance providers offer a range of discounts and initiatives to encourage you to purchase a policy and then continue renewing cover each year. One of the tools insurers commonly use to entice you to maintain cover is the loyalty program which offers increased benefit limits and a range of other discounts and giveaways to eligible members.
So, what types of loyalty programs are available and how can they make maintaining cover worth your while? Read on to find out.
Health insurance loyalty programs are designed to motivate Australian consumers to keep cover with the same insurer for an extended period of time. By staying “loyal” to your insurer and renewing or upgrading your cover each year, you can access a variety of benefits from your health fund as well as discounts and special offers from partner retailers.
You can usually enjoy your first loyalty rewards after you have been a health fund member for one year or more, while the level and type of rewards you can access may increase the longer you remain a member of the same health fund.
For example, the most common type of loyalty program provides an increased claim bonus. This means that the longer you’ve been a member of the fund, the more you are able to claim for specific healthcare services.
However, health insurance loyalty programs come in several varieties and can differ widely from one insurer to the next, so let’s look at the types of reward programs available and the benefits they provide.
Fund | Loyalty bonuses* | Apply |
---|---|---|
![]() | Depending on your policy, ahm members are rewarded for their loyalty every 5, 10 and 20 they hold continuous cover with increased claims bonuses on various extras services including:
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![]() | Gold or Platinum extras members can enjoy loyalty benefits on extras benefits including:
| Go to Site |
![]() | Depending on your level of cover, you may be able to get a loyalty bonus for orthodontia. | Go to Site |
![]() | Depending on your level of cover, you may be able to get a loyalty bonus for orthodontia. | Go to Site |
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![]() | HBF provide members, depending on their level of cover, with increasing claims levels on many extras benefits including:
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![]() | If you have a Saver, Special, Super or Premium extras policies with HIF, you can claim more back on a range of services including:
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![]() | Depending on your policy, Mildura health offer increased claims for certain dental procedures including:
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![]() | onemedifund offers loyalty limits on some of it's policies for services including:
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![]() | Depending on your policy, Nurses & Midwives Health offer increasing limits for services such as:
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![]() | If you hold a Rolling Extras policy continuously for ten years, your Hearing Aid Lifetime Limit from $1,200 to $1,800 per person. | |
![]() | There is an increase in the overall benefit limits for dental (excluding orthodontics) and therapies by $50 after the first year of membership and then for each year after for the first five years of cover. | |
![]() | Depending on your level of cover, you can earn loyalty bonuses on the following extras services:
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![]() | Depending on your level of cover, you can earn loyalty bonuses on the following extras services:
| |
![]() | Depending on your level of cover, you can earn loyalty bonuses on the following extras services:
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Health insurance loyalty programs can offer a wide range of rewards to long-term health fund members, including:
Where loyalty programs apply to the level of cover you are eligible to receive, they typically apply to a variety of extras cover benefits. Some of the healthcare services for which you can commonly access increased benefit loyalty rewards include:
It’s also worth pointing out that the Private Health Insurance Act 2007 imposes restrictions on the value of the promotions and discounts health funds can offer to their members. These limits are designed to ensure that the principle of Community Rating is upheld, ensuring that health funds don’t discriminate against people on the basis of their health, age or any other factor.
If you decide to switch to a new health fund, in most cases you will forfeit any loyalty benefits that you have accrued with your old fund. However, some funds will recognise your years of membership with your old fund when determining your eligibility to access increased benefits as part of their own rewards programs, so check with your new fund to find out if this is possible before switching.
Changing your level of cover (but staying with the same insurer) may also affect your loyalty benefits. However, the consequences of switching to a new policy differ between insurers so contact your health fund to find out whether you will still have the same access to any benefits you have already accrued.
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