Medibank PHI - Level of Cover Change

OzFrugie on 09/04/2022 - 22:18

Hi all,

I have been with Medibank for years and last week I lowered my hospiral and extras cover.
With medibank I can claim 100% on optical, and my previous cover gave annual limit of $200 per person.

However, I noticed that my current/lower cover only gives $150pp. In family of 4, it means $200 less to claim per year.

The change of cover has 30 day cooling off period.
I am thinking to change back to my previous cover, then over the coming months, I plan to use the limits, then change to the lower cover before Oct as they will then increase the premium.
I assume once I change to the lower cover, all the optical limits (4 x $150) will be marked as used (?)

Can anyone confirm if this would be the case / would work?
Any gotcha I need to be aware of?

Thanks

Health & Beauty Health Insurance Insurance

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Medibank Private
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Comments

  • avoidfullprice on 09/04/2022 - 23:38

    How much cheaper is the new cover?

  • resubaehtgnolhcs on 10/04/2022 - 01:06
    +2

    I assume once I change to the lower cover, all the optical limits (4 x $150) will be marked as used (?)

    Yes, your assumption is correct

    • jimbobaus on 10/04/2022 - 15:36

      They may also carry over the difference to next year.
      Happened to my housemate last year when he dropped his cover but had used his higher sub limit

      • OzFrugie on 11/04/2022 - 17:11

        Was your housemate with Medibank at the time?

    • OzFrugie on 11/04/2022 - 17:11

      You seem to be confident in your answer.
      Have you experienced this yourself with Medibank previously?

  • screensaver on 10/04/2022 - 06:01

    Are you using the Livebetter App? You can increase your returns a lot with that, and its free

    • OzFrugie on 11/04/2022 - 17:13

      Is that the one that you need to give them access to your data eg. Exercise, sleeping etc?
      I dont use it.
      What benefits do you get? Last time I checked, seems it will be progressively harder to get benefits over time (?)

  • screensaver on 11/04/2022 - 18:53

    You have to log in each day, tick each challenge and will get $300 worth each year. I just collected 140 worth of chemist vouchers

    • OzFrugie on 12/04/2022 - 16:08

      thanks. does the rewards get harder to get over time?

      • screensaver on 12/04/2022 - 18:44

        when you learn how to play the game its a walk in the park, and free money. You can choose an extras limit increase which is what you want, and there are points left over

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