When choosing a health insurance policy, it’s important to also consider the features and benefits you need for to your circumstances and preferences, as well as the cost of your premium. However, if you can find the right outstanding value health insurance policy with a sign-up bonus, it could be a win-win.
Here’s a selection of some current health insurance sign-up offers for Hospital and Extras Cover from providers rated by Canstar (correct as at October 5 2018). We’ve also displayed a snapshot of policies available from these providers.
Please note the Star Ratings and premiums for the snapshot of policies listed in the tables below (with links to providers’ websites) are based on a couple aged under 35 in New South Wales. Use Canstar’s health insurance comparison selector for a wider selection of policies based on your individual circumstances.
Get any two & six-month waiting periods waived on extras when you take out hospital and extras (new members only). T&Cs apply.
|Apia||Take out a combined Apia Hospital and Extras policy and receive up to $300 off your policy. T&Cs apply.||31/10/2018|
|Bupa||Get six weeks free (after your first month of payment) and a two or six-month waiting period waived when you take out combined hospital and extras cover. T&Cs apply.||30/11/2018|
|CBHS Corporate Health||Join hospital & extras cover and get your two or six-month extras waiting period waived. T&Cs apply.||31/12/2018|
|CBHS Health Fund||Join hospital & extras cover to get: your two or six-month extras waiting period waived, $100 donated to Can4Cancer on your behalf, plus a $100 eGift card when you join online. T&Cs apply.||31/10/2018|
|CUA||Free Sennheiser wireless headphones and your first month free on new hospital and extras policies, as well as a 4% discount if you pay by direct debit from a CUA Everyday Account. T&Cs apply.||None listed|
|Frank Health Insurance||Two and six-month waiting periods waived when you take out a new combined hospital and extras policy.||15/10/2018|
|GMHBA||Two and six-month waiting periods waived when you take out a new combined hospital and extras policy.||31/10/2018|
|HIF||Get six weeks free and the two-month waiting period waived on extras when you purchase a combined hospital and extras policy and pay by debit (new members only). T&Cs apply.||31/10/2018|
|Medibank||Get either a $400 gift card (couples/families) or $200 gift card (singles/single parents) to spend at Specsavers and your extras waiting period waived when you take out a combined hospital and extras policy. T&Cs apply.||While stocks last|
|nib||Join any combined hospital and extras policy by October 31 and receive a Virtual Visa eGift Card worth up to $300. T&Cs apply.||31/10/2018|
Source: Providers’ websites. Based on advertised online promotions current as at October 5, 2018. Please note conditions and exclusions may apply to these offers. Read all terms and conditions provided by the relevant health fund.
Other factors to consider when comparing health insurance
Of course, it may not be choosing a health insurance provider just for a freebie. If you’re shopping for health insurance, it’s important to look for the hospital and/or extras policy cover that is right for your own needs and preferences.
After all, while a gift card or a month of free cover might be a help, it’s could be a small token in terms of the overall cost of health cover. Canstar Research found the average annual premiums for a hospital and extras package cover for a young single person range from around $1,411 in the Northern Territory to $2,181 per annum in Victoria (2017).
There is definitely a choice of outstanding health insurance policies on offer for consumers who choose to shop around. Canstar’s most recent health insurance ratings considered over 10,918 package policy combinations for products provided by 24 health insurers and measured against 476 consumer profiles.