Medibank vs Bupa: which health insurer has the better $300 deal right now?
Key takeaways
- Both Medibank and Bupa are currently dangling $300 at new individual customers.
- Bupa's $300 comes as Everyday Rewards Dollars (60,000 points), while Medibank's $300 reward via Finder is a Visa gift card you can use anywhere.
- What's next: Check out the exclusive reward for new Medibank customers and sign up today.
Medibank and Bupa are running $300 sign-up deals for new customers. On the surface, they look pretty much identical.
Same dollar amount, same cover requirement (combined Hospital and Extras), same general idea: sign up and get rewarded.
So, which delivers the better value for new members?
Let's break it down by taking a look at both offers.
The Medibank deal
Switch to an eligible Medibank Hospital and Extras policy through Finder before 30 June 2026, and we'll reward you with a $300 digital Visa gift card.
But that's not all, Medibank also has its own offer up for grabs.
If you use the Medibank coupon code "12WEEKSPLUS" when you join, new members also get up to 12 weeks, which depending on your premium, could be worth $600 or more.
You'll also be able to score up to $300 in gift cards, delivering a combined value of up over $900.
The Bupa deal
Bupa is offering new individual members $300 in Everyday Rewards Dollars, or 60,000 Everyday Rewards points, when you take out a combined Hospital and Extras policy before 8 July 2026.
That $300 is locked into the Woolworths ecosystem, which can limit your spend flexibility.
Alternatively, if you're looking to dig into cover as soon as possible, Bupa also is offering a sign up deal featuring up to 12 weeks free, plus waits waived on 2 and 6 month eligible extras (promo code: 12WEEKSFREE). This offer is set to expire on 29 July 2026.
So which one is better?
Well, this comes down to what you value as a reward.
If you're purely after cash-equivalent value, Finder's Medibank reward may be your best bet. The ability to stack the $300 Finder gift card with up to 12 weeks free and up to $300 in gift cards through Medibank delivers a whopping sign up package.
Bupa's offer makes more sense if you're a points lover, already embedded in the Woolworths loyalty ecosystem and want to activate cover quickly.
As always, just remember to compare both insurer's policy details before you commit. A bigger sign-up bonus doesn't pay off long term if the cover isn't right for you.
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