Who is eligible for health insurance rewards?

Typically most policyholders are eligible for health insurance rewards as long as their policy is active and they meet any specific terms set by the health fund. Some rewards might require a certain level of hospital cover, extras cover or a combination. Always check the specific conditions for each reward program with your chosen health fund.

Do health insurance rewards increase my premiums?

Generally no. Health insurance rewards are typically offered as an incentive to join or remain with a health fund. The cost of your premium is primarily based on factors like your age, the type of cover you choose, your location and any applicable government rebates or loadings. Rewards are usually a bonus rather than an added cost.

How do I redeem my health insurance rewards?

The redemption process varies depending on the health fund and the specific reward. For frequent flyer points these are often automatically credited to your linked account. For discounts on gym memberships, health management courses or retail vouchers you might need to access a member portal, download a specific app or present a membership card. Check your health fund's website or contact them directly for exact redemption instructions.

Can I get rewards with any level of health insurance cover?

Not always. While some basic rewards might be available with most levels of cover certain premium rewards such as specific health management programs or higher value discounts could require a particular hospital or extras policy. Always review the terms and conditions for each reward to ensure your cover type qualifies.

Are health insurance rewards taxable in Australia?

Generally no. Most health insurance rewards such as frequent flyer points or retail discounts are usually considered non-cash benefits or loyalty incentives and are not typically subject to income tax in Australia for individual consumers. However if you receive a significant cash equivalent reward or if you are using health insurance for business purposes it is always wise to seek advice from a qualified financial professional or the Australian Taxation Office.

How often do health insurance reward programs change?

Reward programs can change at any time. Health funds regularly update their offers add new partners or discontinue existing rewards based on their marketing strategies and partnerships. It is a good idea to check your health fund's website or member communications periodically to stay informed about the latest available rewards.

Should I choose a health fund solely based on its reward program?

While rewards are a nice bonus they should not be the primary factor when choosing health insurance. It is more important to select a policy that provides appropriate cover for your health needs, your family's needs and your budget. Consider the specific inclusions, exclusions, waiting periods and out-of-pocket costs before factoring in any reward programs. Rewards should complement a suitable policy not replace its core value.

4 ways to get health insurance rewards

Who’s this health cover for?

Many health funds offer diverse rewards including frequent flyer points, gym discounts and retail savings.
Some health funds provide practical support like 24/7 nurse and mental health phone services.
Most Australians prioritise a fund's trustworthiness over reward points when choosing a policy.

These days many health funds give you health insurance rewards when you take out a policy with them. This can include frequent flyer points, discounts on gym memberships, health management courses and money off retail. We've listed some of the perks currently available below (May 2026).

1. Frequent flyer rewards

Some health insurance funds offer frequent flyer points for every dollar you pay in premiums, as well as sign up bonuses. You can use them towards travel and retail, plus most automatically reward you a large amount of points when you sign-up. Here are the biggest funds associated with each rewards program:

Qantas health insurance offers Qantas frequently flyer points.
HCF has partnered with Flybuys.
Bupa offers Everyday Rewards (Woolworths) when you sign up.
Medibank let's you earn bonus Velocity points as a member.

2. Health and wellbeing rewards

Health insurance policies often include incentives such as discounted access to health-related products and services or benefits that reward members for maintaining a healthy lifestyle. AIA Vitality is probably the best known example, which helps you maintain a healthy lifestyle, and in return rewards you with gym discounts, shopping vouchers or even an Apple watch.

3. Health support benefits

Some health funds are providing practical assistance with health issues in the form of free or discounted access to programs and classes related to specific health issues. For example, Medibank offer members with hospital cover 24/7 mental health and nurse phone services, while Teachers Health offers support like mental wellness and nutritionist sessions for eligible members.

4. Retail rewards and discounts

Lots of health insurers give you discounts on shopping with specific brands and retailers. This can include e-Gift cards, discounted movie vouchers, cash back on flights and hotel bookings you make and money off opticians like Specsavers and OPSM.

Finder survey: What is most important to people when choosing a health fund?

Response	Female	Male
The fund is trusted	36.59%	36.04%
The fund is not-for-profit	14.37%	18.54%
The fund is recommended by my friends or family	13.79%	11.67%
The fund has good online reviews	11.69%	13.54%
The fund is popular	4.6%	8.54%
None of the above	4.02%	7.29%
The fund gives me reward points (e.g. Qantas, Frequent Flyer etc)	4.6%	6.04%
The fund is good for the environment	4.79%	5.42%
The fund is restricted to my industry (e.g. teachers, defence etc)	2.68%	3.13%

Source: Finder survey by Pure Profile of 1006 Australians, December 2023

Frequently Asked Questions

Typically most policyholders are eligible for health insurance rewards as long as their policy is active and they meet any specific terms set by the health fund. Some rewards might require a certain level of hospital cover, extras cover or a combination. Always check the specific conditions for each reward program with your chosen health fund.
Generally no. Health insurance rewards are typically offered as an incentive to join or remain with a health fund. The cost of your premium is primarily based on factors like your age, the type of cover you choose, your location and any applicable government rebates or loadings. Rewards are usually a bonus rather than an added cost.
The redemption process varies depending on the health fund and the specific reward. For frequent flyer points these are often automatically credited to your linked account. For discounts on gym memberships, health management courses or retail vouchers you might need to access a member portal, download a specific app or present a membership card. Check your health fund's website or contact them directly for exact redemption instructions.
Generally no. Most health insurance rewards such as frequent flyer points or retail discounts are usually considered non-cash benefits or loyalty incentives and are not typically subject to income tax in Australia for individual consumers. However if you receive a significant cash equivalent reward or if you are using health insurance for business purposes it is always wise to seek advice from a qualified financial professional or the Australian Taxation Office.
While rewards are a nice bonus they should not be the primary factor when choosing health insurance. It is more important to select a policy that provides appropriate cover for your health needs, your family's needs and your budget. Consider the specific inclusions, exclusions, waiting periods and out-of-pocket costs before factoring in any reward programs. Rewards should complement a suitable policy not replace its core value.

Sources

Thank you for your feedback!

Written by

Gary Ross Hunter

Journalist

Gary Ross Hunter has over 6 years of expertise writing about insurance, including life, health, home, and car insurance. Having reviewed hundreds of product disclosure statements and published over 800 articles, he loves simplifying complex insurance topics for everyday readers. Gary has contributed to major outlets like Yahoo Finance, The Sydney Morning Herald, and news.com.au, and holds a Bachelor of Arts (Honours) in English Literature from the University of Glasgow, along with a Tier 2 General Advice certification, ensuring his work adheres to ASIC’s RG146 standards. See full bio

Gary Ross's expertise

Gary Ross has written 572 Finder guides across topics including:

Health, home, life, car, pet and travel insurance
Managing the cost of living

More resources on Finder

More guides on Finder

Compare online doctor and GP services in Australia
An online doctor is just like any other GP – except the appointment usually takes place via video call rather than face-to-face.
GMHBA health insurance review
GMHBA health insurance offers a wide range of hospital and extras policies, giving you tons of flexibility.
AIA Health Insurance Review
AIA health insurance offers a competitive range of health insurance packages, each offering membership to the unique AIA Vitality health and wellness program.
Frank health insurance review
Frank Insurance, owned by GMHBA, aims to make health insurance simple, easy to understand and affordable.
Health insurance in your 30s
If you turned 31 this year, you may want to take out private health insurance to avoid paying an additional 2% a year.
How does telehealth work in Australia?
Telehealth is an exciting new way of providing remote healthcare services using different technologies.
Get the lowdown on health insurance loyalty programs
What are private health insurance loyalty programs and what sorts of benefits can they offer you? Find out here.
Student health insurance
If you're a student, chances are you don't have a whole lot of cash to burn. Compare student health insurance and protect your health and budget.
Bupa health insurance review
Bupa health insurance offers different levels of cover for better health services but also provides tax benefits and prevents government penalties.

Health insurance rewards

Take advantage of these health insurance frequent flyer rewards, gym membership discounts and more.