OZBMate8911 → Folders

PHI Churn Info

 OZBMate8911 on 07/03/2024 - 22:28 — Public
10 Weeks Free (Applied in The Third Month of Membership) on New Hospital + Extras Cover @ Nib by cooni
10 Weeks Free (Applied in The Third Month of Membership) on New Hospital + Extras Cover @ Nib by cooni
YesPleaseThankYou on 04/02/2024 - 18:27
+2

Which aspect is not straightforward?

My biggest advice is, wherever possible, deal with them only in writing. This way it saves you stress, and you have evidence if things go awry. Escalate to complaints or PHIO the minute something stuffs up.

If you churn to the pay one month plus 6 weeks free offers, you can save approximately 60% off your premiums.

Don't be fooled by the emotion of the retention teams. This is a business transaction. You are not a 'member' as the industry likes to refer to its customers, you are a policyholder.

You can see some of my previous posts on this topic.

10 Weeks Free (Applied in The Third Month of Membership) on New Hospital + Extras Cover @ Nib by cooni
YesPleaseThankYou on 04/02/2024 - 18:08
+2

Regular churner here.

I never churn to NIB (or any reseller of NIB) as the terms of the promo are always too onerous, including requiring retention of the policy for too long before the promotional benefits are paid.

There are many other better offers out at the moment. It's easy to visit all the health fund site pages from here: https://www.privatehealth.gov.au/dynamic/insurer

Queensland Country Health Fund Ltd, for example, is offering 6 weeks free just like that - no minimum holding period.