This was posted 4 months 14 days ago, and might be an out-dated deal.

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10 Weeks Free (Applied in The Third Month of Membership) on New Hospital + Extras Cover @ Nib

490

Was looking around for the next candidate to churn to. 10 weeks is a good promo, especially since it's not one of those x weeks in the first year, then the balance in the second year.

Not much in the T&C of note besides can't have had nib cover in the last 6 months.

Get 10 weeks free - how exciting-ish.
When you choose a Hospital + Extras cover online by 31 March.
Plus, get an additional two (and a bit) weeks free a year, when you pay for your combined cover with direct debit^.

New Australian resident members only. Offer fulfilled in month 3 of membership. Eligible products only. See T&Cs. ^A 4% discount will be applied to direct debit payments from your bank, building society or credit union cheque or savings account.

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  • -2

    Did my first few churns last year and tax return was a pain. Any tips from the churners on simplifying the Medicare levy section for sporadic cover?

    • +5

      Why was it a pain?
      As long as you dont have lapse in cover, you are good isnt it?

    • +9

      You didn't maintain continuous cover???

      Mine was auto filled last year, multiple funds. Actually it's auto filled every year

      • -1

        Nah just sign up when there is a good deal and then cancel

        • What are the implications of non continuous cover assuming one is perfectly healthy? Other than potentially higher premium. Thanks in advance.

    • Tax return is fine, the pain is if you actively use your PHI (which you should be if you have extras cover). Takes a while for new cover to get certificate from old insurance which is a pain for stuff that usually has instant claim like glasses and dentist.

      • Some funds will issue the certificate prior to the old policy ending.

        • +2

          If you buy a new policy today when do you set the new policy to start (and then cancel your current for that same day). I would have thought the next day to maximise churning but in that case it will not be available for a while usually.

          • +1

            @CheapBrah: Yes, I set the start date to be the day after the 'To date' of the old policy.

            Usually, I get the new policy ready a couple of weeks prior to the old policy ending.

            I have found, lately, that the 'old' fund issues the transfer certificate at the time of requesting closure of the policy. A replacement transfer certificate is issued if you make any claims between that date and the end date of your policy.

      • What do you mean by that? Say if I've already maxed out for optical with my current insurer this year, can't I claim more optical from the new insurer?

        • No, not until the new insurer next resets limits.

          Tip: find an insurer that resets limits on membership year or financial year.

  • On my current insurer, my husband was admited for a hospital surgery and paid the $500 excess. If another surgery was needed later this year, he wont have to pay ot again.

    If we churn to Nib, would this excess waiver carry over too?

    • +3

      If we churn to Nib, would this excess waiver carry over too?

      No.

  • +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.

    • Looks like its 3 months for this…

      • -7

        Yep, excessive.

        All NIB promos adopt the same approach.

    • @YesPleaseThankYou, any advice for someone new to this? I've churned a couple of times and when I've churned multiple times in a year and messing around with the clearance certificates is a big mess around and seemingly never straightforward.
      Any advice would be appreciated.
      Cheers.

      • +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.

        • +1

          Thanks for the quick response, its appreciated.

    • I did ING (NIB) 8 weeks paid for 8 weeks free, had no issues

  • +1

    One trick if you churn often is to have a higher hospital excess and then when you know you have a procedure planned go down to the lowest excess on the churn before it, then put it back up for the following churn.

    • +1

      You are technically required to serve out the waiting period for the higher excess - though, in practice, some funds don't bother to enforce this.

      • +1

        Don't think the certificate from previous insurance even mentions your excess.

        I'm talking about excess not limits by the way, your comment sounds like you're talking about limits (which does trigger a new waiting period if it's higher).

        • +2

          The transfer certificate mentions excess 'Yes' or 'No'.

          The new fund can look up the PHIS of your previous policy or seek clarification from your previous fund. The excess amount may even be in the policy name, eg, 'Silver Plus Hospital $500 & Premium Extras'.

  • So who's a good churning target right now? I have been with AHM for last 6 month.

    • +2

      As I said above:

      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.

  • If you have already served 12 months waiting at one insurer, how to get that transferred across to the next one on the churn?

      • Thanks! Quoting that doc:
        "If you have not already served out those waiting
        periods on your previous policy, the remainder of the
        waiting period will still apply for all benefits on your
        new policy. Otherwise, those waiting periods will only
        apply to any added benefits or better conditions that
        are available on your new policy."

  • According to the T&Cs 9e "must not be a current policyholder of a product issued by nib at the time of joining the Eligible Product, or have JOINED AND CANCELLED any of these policies 6 months before or during the Offer Period;"

    So this means, if I churned to Medibank (aka cancelled NIB) back in Oct23, and I was a customer for almost 10 years, I'm eligible for this offer?

    • -3

      I don't know where you learnt maths but November, December, January and February = 4 months.

      An NIB promo is a crap promo. There are many better offers.

      • As you asked, learned my maths when I did my masters at Melb Uni :-)

        Referring to the highlighted words.."joined AND cancelled".

        The reason I asked was, normally, they tend to state "has been a customer during the last 6 months".

        Anyway< I'll contact NIB and check tomorrow.

  • when are the 10 weeks free applied?

  • -3

    Im happy with Medicare

  • +2

    Medibank has 6 weeks and up to $500 gc. Might just go with them.

    • Very limited $500 GC though.
      But yes, I did that last year.

      • long as they have woolies gc or JB, shouldn't have any issues finding ways to spend it.

        • Uhhh no, much more restrictive than that.

          • @cooni: Amcal fuel would be the way to go, but yes trash offerings.

  • +5

    Beware NIB if you're actually looking to use your hospital cover.
    They are notorious for giving customers low rebates, leaving you with a larger out of pocket cost on your hospital admission and elective surgery compared to other insurers. E.g. the surgeon and anaesthetist set the same fee for everyone, you get back less from NIB, so you end up paying more. You may even be asked to pre-pay the full amount up front due to NIB being so difficult to deal with.

    • +11

      100% WHAT THIS MAN SAID!

      I’ve worked in healthcare for 20 years. Nib is the SINGLE WORST HEALTH FUND IN AUSTRALIA.

      They are the only fund that is still under a “no Gap policy” which means that if your specialist charges even $1 more than the pathetic low rebate that Nib pays then Nib automatically drops their rebate back to MBS rate (so effectively a 50%+ drop) so the patient ends up with a MASSIVE OUT OF POCKET bill. Like poster above also said, you’ll also be expected to pay the ENTIRE bill not just the gap as Nibs terms are that the bill can’t be split.

      And we won’t even discuss all the unethical money hungry things Nib likes to partake in.

      Please, please, PLEASE just do your research and run in the opposite direction. No amount of savings is worth being with these guys.

      • +1

        I assume this also applies to health insurance issued by NIB? e.g. Qantas? Qantas is offering a slightly lower premium for a bit more than my existing provider. I was looking into possibly moving to Qantas (not as a churn).

        • +1

          Yes correct. They are effectively NiB in disguise. The policies, cover, call centre etc and everything is Nib, just badged as each brand to trick people into signing up

      • Maybe I should move back to Defence Health

  • I am starting my churn this year, whats the most people can churn per year? 4 months free out of 12 months?

  • +1

    I usually churn between GMHBA and AIA as both give access to the AIA vitality program. If you’re pretty active you can achieve platinum AIA status within 3-4 months which gives a total of $500 gift cards or Cash (if you hold a CBA bank account). The $500 is in addition to the 4-6 week free sign up bonus GMHBA and AIA give. AIA vitality also give a range of other benefits such as 50% gym memberships and up to 50% off 2* Virgin Flights a year. Usually have 12 month wait until you’re eligible for any sign up bonus so I’d churn another fund in between GMHBA and AIA. Haven’t done the calcs yet, but should save a fair bit each year if timed properly

    • +2

      Not a good idea for most people. AIA vitality policies have a higher cost, which is not offset by the ~$500 gift cards a year. It would be better to just churn the best deals as soon as each free-week-period is completed.

  • Say, if I were to move to nib while still serving waiting period for a particular category, does that waiting period reset or do I simply serve the remainder under nib?

  • anyone want to explain how the churn works do you need to let your current insurer know or do you just tell the new insurance company you wish to move?

  • Dang, currently on NIB and looking to churn elsewhere.. it's always the other way around for me..

  • dam i only joined 2 weeks ago….speaking to NIB about also making me eligible for this promo otherwise cancel and ill join Bupa for the 8 weeks free..

    • +2

      FYI Bupa, like most other promos in excess of 6 weeks free is

      8 weeks free over two years: 6 weeks free applied 30 days from policy start date (year 1), and a subsequent 2 weeks free applied after 13 months of continuous cover (year 2)

  • thanks OP signed up moved over from my current guys who were a bit cheaper but had less cover - ill stay on till i max the 10 free weeks in a few months and change i never realised how easy it was to move insurance from 1 to another

  • if i move what happened to the waiting period for the EXTRAS, do i need to serve the waiting period again?

  • +1

    It's incredible that people find this promo attractive when you can get 6 weeks free immediately (without serving any qualifying period) with Queensland Country Health Fund.

    Add to that the low payout percentage from NIB, it's a fund well worth avoiding: https://www.privatehealth.gov.au/dynamic/Insurer/Details/NIB eg:

    Benefits as % of contributions 73.5% (industry result 83.1%)

    • +3

      You keep harping on about this promo. Why don't you go and post it as a deal?

      What will you do after 6 weeks with them? Lots of people churn, but few churn immediately after any benefit period. This nib deal is great for people who churn maybe a handful of times a year if that.

      • You keep harping on about this promo. Why don't you go and post it as a deal?

        It's just an example. For regular churners, the best promo are the ones with the smallest qualifying period. This promo, unusually, has no qualifying period. Of course, the churner should also look at what the benefit is in relation to the premiums that are required to be paid for the duration of the qualifying period.

        There are endless health fund promos. It would be a full-time job posting these.

  • Do people typically wait until the end of the "free" period from their current promo before churning or just move on and get the refund?

    • +1

      Let me understand your question.

      Are you asking whether you should move from the fund during the free period (the same fund you moved to for the free period)? If that is your question, the answer is no.

      Further, you can't get a refund for the period you didn't pay for.

      You move/churn after you have become entitled to and/or exhausted all elements of the promotion that are of interest to you.

      • +1

        Thanks, when I rang Australian Unity they very much suggested I'd be getting a refund if I left during the "free period" now. But to be sure, I'll wait until it runs out. Thanks for responding.

  • -1

    nib.com.au/hellofresh
    The Offer consists of:
    (i) Up to $400 off your policy
    (ii) Waived waits: 2 & 6 month waiting periods
    (iii) $100 HelloFresh Gift Card

  • -2

    Cant see 10 weeks free anymore

    • Errr wot?

      • can you see 10 weeks free on website?

        • Yes, it's right there on the main homepage. It couldn't be more prominent.

  • Commenting enabled by OPs request.

  • https://www.nib.com.au/docs/join-offer-terms-february-march-…

    nib “10 Weeks Free February and March 2024” Offer Terms and Conditions
    1. These Terms and Conditions apply to the nib join Offer, to join and receive “10 Weeks free” (Offer).
    2. The Promoter of this offer is nib health funds limited ABN 83 000 124 381 of 22 Honeysuckle Drive, Newcastle NSW 2300 (Promoter or nib). By joining, claimants agree to be bound by these conditions.
    3. The Offer commences at 12:00 am (AEDT) on 01 February 2024 and closes at 11.59 pm (AEDT) on 31 March 2024 (Offer Period). Policies joined after 11.59 pm (AEDT) on 31 March 2024 will not be eligible for the Offer.
    4. This Offer is open only to Australian citizens, permanent residents of Australia, or those who are entitled to full reciprocal rights under Medicare, registered for Medicare and listed on an active Medicare card, who are 18 years or over as at the date of joining (being the date of completion of join) (Eligible Members).
    5. The Offer is only available to Eligible Members who join an nib combined Hospital and Extras Australian resident’s health insurance product (nib ARHI product) through nib’s approved online channels during the Offer Period (Eligible Product). The Offer does not apply to the purchase of any other private health insurance product issued by nib, or any member moving from one of these products to an Eligible Product. The Offer excludes any non-health related insurance products (e.g. Travel).
    6. nib may request proof of identity, residency and eligibility to ensure the Eligible Member meets the Private Health Insurance requirements for the Eligible Product.
    7. For clarity, Eligible Members who join an Eligible Product (during the Offer Period), which has a policy start date outside of the Offer Period, can qualify for the Offer subject to their compliance with:
    (a) these Terms and Conditions (including, but not limited to, the Eligibility Requirements); and
    (b) any other terms and conditions imposed by nib in relation to the selection of policy start dates.
    8. The Offer consists of adjusting the “paid to” date on the qualifying policy to reflect the reduction off the premium payable for an amount equating to 10 weeks of the annual premium.
    9. To receive the Offer, Eligible Members must:
    (a) successfully join an Eligible Product during the Offer Period through one of nib’s approved online channels (using the nib website www.nib.com.au, nib mobile site or tablet). Ineligible products include Basic Kickstarter and Basic Accident Hospital;
    (b) maintain the Eligible Product up to the date of the Offer being applied to the active policy, being;
    (c) 30 April 2024 for policies purchased between 01 February 2024 and 29 February 2024 and;
    (d) 29 May 2024 for policies purchased between 01 March 2024 and 31 March 2024 (each a Fulfilment Date). The Offer will be forfeited if the Eligible Member is not an active policyholder on the Fulfilment Date.
    (e) must not be a current policyholder of a product issued by nib (including nib Overseas Students Health Insurance, nib International Workers Health Insurance, nib Corporate Private Health Insurance, Qantas Health Insurance, Suncorp Health Insurance, GU Health Insurance, AAMI Health Insurance, Apia Health Insurance, ING Health Insurance, Priceline Health Insurance, Real Health Insurance, Seniors Health Insurance) at the time of joining the Eligible Product, or have cancelled any of these policies 6 months before or during the Offer Period;
    (f) have a valid email address applied to their policy; and
    (g) not be an employee of the Promoter.
    10. Limit of one Offer per Eligible Product commenced during the Offer Period.
    11. The Offer cannot be combined with any other offer or promotion.
    12. If an Eligible Member has satisfied the Eligibility Requirements, the Promoter will email the Eligible Member to confirm they have qualified for the Offer and that the adjustment of their “paid to” date on their policy has been adjusted to credit their policy in accordance with clause 8 of these Terms and Conditions.
    13. Each Eligible Member acknowledges that the Offer cannot be redeemed for cash, returned for a refund, or be replaced after expiry and is not legal tender, an account card, a credit or security.
    14. Subject to any rights any person has under any laws the Promoter excludes all liability to the maximum extent allowed by law, for any loss or damage (including loss of opportunity, profits or business) in relation to or resulting from this Offer.
    15. Nothing in these Terms and Conditions restricts, excludes, modifies or purports to restrict, exclude or modify any statutory consumer rights under any applicable law including the Competition and Consumer Act 2010 (Cth).
    16. The Promoter may at any time, amend or withdraw all or any part of this Offer and substitute with another Offer of equal or greater value. Eligible Members will not be entitled to any compensation in the event that the Offer or element of the Offer has been substituted at equal or greater value.
    17. The Promoter is not responsible for any undelivered emails due to an Eligible Member’s spam filters or email settings.
    18. The Promoter reserves the right to disqualify from receipt of the Offer any persons that provides false information or who seeks to gain an unfair advantage or to manipulate this Offer.
    19. Personal information will be collected by the Promoter for the purpose of conducting and promoting this Offer, and to assist the Promoter to improve its services. By claiming this Offer, each Eligible Member consents to storage and use of their personal information by the Promoter in accordance with its Privacy Policy (at https://www.nib.com.au/legal/privacy-policy). If the personal information is not provided, the member may not participate in this Offer.

  • Just got my 10 weeks free credited to my account

    After joining your combined policy within the qualifying period, and remaining on the policy, we are pleased to let you know that your joining offer has been applied.

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