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 December 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 born in January 1990 in New South Wales who are not pregnant. Use Canstar’s health insurance comparison selector for a wider selection of policies based on your individual circumstances.
Take out hospital and extras cover by 20 December and receive a voucher worth up to $200. T&Cs apply.
|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.||31/01/2019|
|CBHS Corporate Health||Join hospital and extras cover and get your two or six-month extras waiting period waived or four weeks free (after your third month of cover). T&Cs apply.||31/12/2018|
|CBHS Health Fund||Join hospital and extras cover online to get four weeks free (after your third month of cover) and a Fitbit Alta HR. T&Cs apply.||31/01/2019|
|CUA||Get a 4% discount if you pay by direct debit from a CUA Everyday Account. T&Cs apply.||None listed|
|HIF||Take out any combined hospital and extras policy and get a $100 cash card when you pay by direct debit. T&Cs apply.||31/12/2018|
|nib||Join any combined hospital and extras policy online and get your two or six-month extras waiting period waived. T&Cs apply.||31/01/2019|
Source: Providers’ websites. Based on advertised online promotions current as at December 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.