Frank Health Insurance is the online arm of GMHBA, a mutual health fund based in Geelong. They offer reasonable coverage, comparable to most other funds.
However, they are running a promo with no wait period for extras.
From their site:
"Join Frank by June 30 and Frank will waive ALL your extras waiting periods on combined hospital and extras cover.
Not 'some' of them. Not 'most' of them. Get no waiting periods on any extras!"
Since you usually have to wait 2/6/12 months to get extras rebates, this is good. Especially if you need dental work, braces etc. where you usually have to wait a year to make a claim.
I don't see any obstacle to only staying a member until you have made those claims. The lack of a waiting period changed the economics of cover for us, where before we needed to pay 12 months of premiums before we could claim on braces for a kid, without the wait it is worthwhile.
If you join up via the quote website, Betterbills.com they will refund you half the sales commission. In my case this was approx $200. They also have a referral system where if you follow the referral link you and the referrer get $50 credit.
No waiting offer full text:
http://www.frankhealthinsurance.com.au/everything-frank/why-…
Note wait periods still apply for hospital services such as maternity. And the offer is only if you take hospital cover and extras together.