Join & Hold Hospital & Extras Cover for 90 Days on Direct Debit, Get up to 140,000 Velocity Points & 6 Weeks Free @ Medibank

180
VELOCITY

Look like you just need to pay for 48 days instead of 90 days like previous offer

Note: Terms and Conditions on Medibank website doesn't mention when you will receive the 6 weeks free, but on the velocity website it does. Bellow is the terms and conditions on velocity website

Medibank Health Insurance Offer Terms and Conditions

Velocity is not the issuer or arranger of any health insurance product. Any information provided is general only, is not advice and has been prepared without taking into account your circumstances.

For new members on new memberships who have not held Medibank or ahm health cover in the last 12 months (unless a dependant coming off parents’ cover) and who are Australian residents. Policyholder of new Medibank cover must be a current member of the Velocity Frequent Flyer program (a Velocity member).

Must meet following criteria to receive Velocity Points, 6 weeks free and 2&6 month waits waived on eligible extras (if you join extras cover): join and start eligible Medibank hospital or hospital and extras cover between 15 May – 30 June 2025, AEST; must set up direct debit, quote promo code VELOCITY and enter the Velocity member number of the policyholder joining.

Eligible Medibank hospital only cover or hospital and extras cover excludes Corporate, Accident only, Ambulance only, Extras only, Healthy Living Extras, Overseas Visitors (OVC), Overseas Student Health Insurance (OSHC), Working Visa Health Insurance, Travel Insurance, Pet Insurance, Funeral Insurance, Life Insurance and all ahm covers. Not available with any other Medibank offer. Health insurance is issued by Medibank Private Limited ABN 47 080 890 259, a registered private health insurer.

Velocity Points: Must maintain direct debit and hold the same level of eligible cover or above for at least 90 consecutive days from the policy start date in order to be credited Velocity Points in the fourth month. Points may not be allocated where the policy is cancelled or refunded, or where payments are in arrears. Velocity membership, Points earn and redemption are subject to the Velocity member Terms and Conditions, as amended from time to time.

The level of Velocity Points you could earn is determined by referring to the weekly premium quoted for a policy, (before any adjustment for the Australian Government Rebate on private health insurance and excluding any Lifetime Health Cover loading, Youth Discount or any other discount or promotion) regardless of the payment frequency selected - see table of rewards points offered for different levels of weekly premiums at medibank.com.au/velocity.

Points offered for different levels of weekly premiums are below:
Weekly premium < $49 = 20,000 Velocity Points
Weekly premium $50 - $74 = 30,000 Velocity Points
Weekly premium $75 - $99 = 50,000 Velocity Points
Weekly premium $100 - $129 = 70,000 Velocity Points
Weekly premium $130 - $159 = 100,000 Velocity Points
Weekly premium $160+ = 140,000 Velocity Points

2&6 month waits waived on eligible extras for new Medibank members who join hospital and extras cover:

Other waiting periods apply (including 12 months on some dental services). If switching funds, any waiting periods you’ve already served for comparable extras will generally be recognised if you join Medibank within 2 months of leaving your previous fund. Annual limits apply. If switching funds, limits used from your previous fund may be deducted. If you’ve reached your limits from a previous fund you may not be able to claim straight away.

6 weeks free: Must maintain direct debit and hold the same eligible level of cover or above for 42 consecutive days from the policy start date in order to be eligible to get the next 6 weeks free. The 6 weeks free will not be issued if you change to an ineligible cover, terminate or suspend your cover, or where payments are in arrears during the 42 consecutive day period.

Related Stores

Medibank Private
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Velocity Frequent Flyer
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Comments

  • -1

    For new members on new memberships who have not held Medibank or ahm health cover in the last 12 months

    Still waiting for my 12 months to pass…..

  • Does the code actually work this time? because when i got the email last the code didn't work. that was last week.

  • Still on the previous 6 weeks + 120,000 live better points,

    essentially has been 18 weeks free which runs out in June.

    then they pay another $50 dividend which is another 2 weeks.

    Love medibank, don't need my private information anyway.

    Also what happens if you sign up on the lowest tier and transfer to the highest on the date that it records it.

    • Nah doesn’t work as Medibank requires you to hold the same premium for 90 consecutive days.

      • Well bugger

  • I want to churn to AHM post June. Probably a bad idea to take this offer?

    • Is AHM better?

      • +1

        Extra limits reset July 1

    • Do AHM offers have the same exclusion clause?

  • I signed up last week for the same deal but only 50k medibank reward points. Has anyone ever got them to update the offer successfully?

  • +1

    Weekly premium < $49 = 20,000 Velocity Points
    Not worth the effort :(

  • +2

    So can get 140,000 points for 48 days = 160*(48/7) = $1,100

    Cheaper than buying them from velocity, even when they have the deals on…
    150,000 = $3,510

    Cancel afterwards. Wouldn't even bother cancelling my normal phi for that short period.

  • Someone help out me out. This isn't for me but for a 27 year old which needs a fair amount of dental work. Couple of fillings, xray updates, potentially wisdom out which falls under general.

    Medibank Gold Ultra Health $105.37 / week
    General dental - No annual limit, 100% claim back

    I'm going 90 days just incase the 45 days does not work.

    90 days = 13 weeks = $1370 for insurance
    70,000 points = .013c each (the buying rate on here) = $910

    = $460 extra to receive unlimited general dental?
    + $500 worth of massages

    That's a deal right or am I missing something?

    • Would getting dental work overseas e.g. Thailand, Malaysia be better for you?

  • +1

    Where are you getting 48 days from?

    "Velocity Points: Must maintain direct debit and hold the same level of eligible cover or above for at least 90 consecutive days from the policy start date in order to be credited Velocity Points in the fourth month."

    • You’re pay 48 days and getting 6 weeks free. So 48+42=90 days.

    • This assuming the T&C on Velocity website is correct

      Must maintain direct debit and hold the same eligible level of cover or above for 42 consecutive days from the policy start date in order to be eligible to get the next 6 weeks free.

      So you pay first 42 days, get next 42 days free, then pay for the rest to reach 90 days. I did this last year but previous offer require you to pay for the first 90 days before getting the 6 week free and currently there is no mention of when you get 6 weeks free on medibank website.

      • Thanks, I was too smooth brained to get this

  • +1

    For anyone that's done this deal previously: how long did it take medibank to give out the points?

    • -2

      fairly quick

  • For new members on new memberships who have not held Medibank or ahm health cover in the last 12 months

    This doesn't include Medibank pet insurance, I assume, does it?

    • +1

      Unless you're a cat or dog, you will be good :)

  • For new members on new memberships who have not held Medibank or ahm health cover in the last 12 months

    Currently have AHM for “extras only” - wonder if this will be okay?

    With AHM rolling over some of the yearly limits to next year, would those “bonus” ones transfer over?

    (New on the churn train..)

  • anyone know if you can reduce the cover level after you sign up and still receive the maximum points? I only ask because it says 'The level of Velocity Points you could earn is determined by referring to the weekly premium quoted for a policy' — quoted

  • "The level of Velocity Points you could earn is determined by referring to the weekly premium quoted for a policy, (before any adjustment for the Australian Government Rebate on private health insurance and excluding any Lifetime Health Cover loading, Youth Discount or any other discount or promotion)"

    Would the above mean that a policy with a base premium of $160, when adjusted to become cheaper with government rebate and even youth discount would still be eligible for 140k points?

  • Email Delivery Issue
    We're currently experiencing issues with Email delivey. We apologise for the inconvenience. Please check back later.

    Tried to sign up a few days ago and never got any email, not even a generic confirmation that it went through.

  • This is a good deal. I signed up last year and got both free weeks and velocity points.

    • How many weeks or months from the date you applied did the points come through?

      • Can't remember but it should be in the T&C. I made sure that I'd get the points and free weeks by chatting with a rep and screen captured the confirmation.

  • Please note:

    “You must Be new to Medibank and not have held a Medibank or ahm health cover in the last 12 months, unless you’re a dependent coming off family cover
    Set up direct debit”

  • I am about to signup and get a bunch of dental work done at 90% back which means fillings and checkup are free. We are going to keep our other insurance any way. Works out so good. I just hope I can cancel ASAP when I get the Points. But in the end it will be paying $1120 for 3 months but reckon I will be claiming about $600-$800 on dental work for me and family.

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