Medibank Private: 6 Weeks Free Cover (Member Referral Required, Existing Member Gets $100 EFTPOS Gift Card)

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XabiFernando on 07/12/2018 - 08:19 medibank.com.au (330 clicks)
Last edited 07/12/2018 - 17:26 by 1 other user

Looks like this deal is back again.

A few fellow OzBargainers had some trouble using the referral code last time this was around, so I've put together a MiniWiki which will hopefully be useful!

What is in it for me?
The promo on offer is 6 weeks free cover for the referee, and a $100 EFTPOS gift card for the referrer. Medibank members can refer up to 5 people in any calendar year, meaning up to $500 of EFTPOS gift cards can be collected.

What level of cover do I need?
To be eligible for the 6 weeks free, you must hold combined hospital and extras cover (singles, couples, single parent or families) at any coverage level for a minimum of 6 weeks, and set up a Direct Debit payment system.

Is this a good deal?
Like most insurances, the price and level of coverage offered will vary based on every individual and their needs. For this reason, it's always recommended to get multiple quotes and read through the PDS' to ensure you are covered for what you need.

Having said that, the value of this "sign-up bonus" is what makes the Medibank deal attractive.
For comparison:
NIB - waiver of 2 and 6 month waiting periods on Extras
Bupa - 6 weeks free on selected Hospital and Extras covers
ahm - $200 EFTPOS gift card for Hospital & Extras cover

In my view, the Medibank deal sits above the Bupa deal for the additional benefit of being able to refer friends to the program to earn additional gift cards. Value is maximised in this deal by taking out cover for multiple people (ie couples or families), or a higher level of cover (such as Top Hospital + Extras).

Where can I read the Ts&Cs?
Here.

I can't sign up using the link on this page.
This is admittedly confusing! The link provided on this deal is not the actual deal. It is simply to direct OzBargainers to the Ts&Cs, or for sending your family and friends your referral code once you have signed up. To participate, you will need to use the referral randomiser below and then quote this number to a Medibank sales rep over the phone.

Medibank have no idea what I'm talking about!
Last time this deal was around, users reported problems through Live Chat (both existing users trying to get their code, and new users trying to sign up with a code given to them). For both existing and prospective members, my advice would be to call Medibank rather than use Live Chat - it seems the call staff are more aware of the promo. And if you get someone who isn't, hang up and try again!

Medibank didn't accept my referral code.
Despite the best efforts of the OzB mods, sometimes incorrect referral codes slip into the randomizer. Ensure that the referral code you're quoting is a 10 digit number.

This MiniWiki was awesome! Can I slide into your DMs for your referral code?
Thanks! Unfortunately this is against OzBargain policy, which exists to ensure all existing OzB referrees get equal opportunity to earn gift cards. Please use the referral randomiser below and ignore solicitation in the comments section.

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Medibank Private

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  joeiwu on 07/12/2018 - 08:25

  When does the deal expire?

  • 

    XabiFernando on 07/12/2018 - 08:55

    None provided in Ts&Cs, just that Medibank can retract the deal at any time. It tends to come on and off in my experience.

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  mlakmlak on 07/12/2018 - 08:55

  always recommended to get multiple quotes and read through the PDS' to ensure you are covered for what you need.

  I've found the PDS extremely vague and frustrating. When you claim it's either partial or no cover because of reason x or y.
  Doing research on which is the cheapest/best insurance is pretty much impossible. You can't predict what procedures you'll require, or what 'codes' the doc will pick on the day & how much of those are covered. Could be a knee, could be IVF - both are 'covered' in the PDS - in reality you're still out of pocket thousands. Would AHM or Bupa have been cheaper - you will never know.

  I've been with Medibank for a while - I don't feel I'm getting a good deal.

  My advice is not to get sucked in on a 6 week combo meal deal.

  • 

    XabiFernando on 07/12/2018 - 09:02

    You can't predict what procedures you'll require, or what 'codes' the doc will pick on the day & how much of those are covered. Could be a knee, could be IVF - both are 'covered' in the PDS - in reality you're still out of pocket thousands. Would AHM or Bupa have been cheaper - you will never know.

    This is my personal biggest gripe with health insurance - with many insurers, you can't actually get a list of codes which tell you what you are covered for, nor can you get the $ value coverage of those amounts (where a $ value is offered rather than a % rebate).

    Given this, my personal strategy is to treat health insurers like I do utilities and credit card providers, and churn through sign-up bonuses frequently to offset the "risk" of not having the best value coverage.

    Longer term, I would love to see more government intervention in this space as the amount of info provided to potential customers is hopelessly undercooked.

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  Sweetnsour on 07/12/2018 - 09:01

  How do you find your referrer code?

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    XabiFernando on 07/12/2018 - 09:02

    Call them and ask - the Sales team should be able to assist if the Customer Service team can't.

    • 

      Sweetnsour on 07/12/2018 - 09:05

      +1

      Thanks

  • 

    iamhurtin on 07/12/2018 - 10:02

    So stupid it's not easily accessible.
    Lady I spoke to had no idea where to find it.
    Was on the phone for ages

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  abc on 07/12/2018 - 09:26

  What happens after 6 weeks for the referee? Will the referee get the hard sell from medibank or will the policy start to be charged unless its cancelled?

  • 

    XabiFernando on 07/12/2018 - 09:52

    In my experience - I got the 6 weeks free 2 months ago and Medibank haven't contacted me to upsell at all.

    • 

      abc on 07/12/2018 - 10:12

      So the cover just expired after 6 weeks?

      • 

        XabiFernando on 07/12/2018 - 10:22

        +1

        No I still have my cover - you need to have the cover for 6 weeks (ie have paid for it and wait the time) and then the next 6 weeks will be free.

        What you do beyond that point is up to you (i.e. cancel or maintain).

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  bazinga8888 on 07/12/2018 - 12:07

  Adding on top to OP list, $100 gift card for HIF. Referrer do get money but the referee. Imo, HIF usally give discount when you pay a year upfront. Their dental extras is pretty good.
  https://www.hif.com.au/

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  froddo on 18/01/2019 - 08:52

  hi, can anyone confirm this deal is still on?
  the medibank link to info is broken https://www.medibank.com.au/health-insurance/special-offer/r…