Join & Hold Hospital & Extras Cover for 90 Days on Direct Debit, Get up to 130,000 Velocity Points @ Medibank

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Join & Hold Hospital & Extras Cover for 90 Days on Direct Debit, Get up to 130,000 Velocity Points @ Medibank
Go to Deal
reddot12 on 19/10/2025 - 16:44 medibank.com.au (742 clicks)
Last edited 20/10/2025 - 11:02 by 2 other users
VELOCITY

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 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 23 September 12:00am, AEST to 29 October 2025 11:59pm, AEDT; 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, Basic Covers, 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 - $69 = 30,000 Velocity Points

  • Weekly premium $70 - $99 = 50,000 Velocity Points

  • Weekly premium $100 - $129 = 70,000 Velocity Points

  • Weekly premium $130 - $159 = 100,000 Velocity Points

  • Weekly premium $160+ = 130,000 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.

Financial Ancillary Health Insurance Frequent Flyer Health Insurance Insurance Reward Points Velocity Frequent Flyer

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Comments

  • FrugalSquid on 19/10/2025 - 17:06
    +3

    its cheaper to buy 130k points at 0.13c PP but if you need the cover then its ok

    • AircraftFreight on 19/10/2025 - 17:17
      +3

      The only way to get $139pw is like if you have a family and want Gold Pro Max Plus Ultra protection with the lowest excess possible lol

      • dinglejerry on 19/10/2025 - 17:44
        +4

        Yeah exactly, the headline from Medibank of 130k points is stupid bait for the naive - for many the points bonus would be far below that (and not that attractive).

      • jrvb42 on 20/10/2025 - 19:22

        It's way easier to achieve if you're "lucky" enough to have a huge lifetime health cover loading….
        It's a nice fee added to encourage people (who realised health insurance was a waste of money) to join later in life when it otherwise might have become almost worthwhile…

    • UnrealMacaw on 19/10/2025 - 19:15

      But does this take the 6 weeks free out, and the minimum cost of hospital cover for tax purposes? Can work out at .1c pp or less this way.

      • UnrealMacaw on 20/10/2025 - 08:25

        Wait, as duna0104 said below, there might be no free 6 weeks?

    • kungfuman on 20/10/2025 - 08:56

      160 bucks a week on health insurance….. lol good luck with that its cheaper to just buy the points.

    • vawiyoci on 20/10/2025 - 11:40

      I mean last time this offer was on we timed it with both of our dental cleans + opticals + several physhios and massages ¯⁠\_⁠(⁠ツ⁠)⁠_⁠/⁠¯.

  • YesPleaseThankYou on 19/10/2025 - 17:51
    +2

    I don't see 6 weeks free at the linked page or for promo code VELOCITY.

    • reddot12 on 19/10/2025 - 18:49

      Its on the velocity app

      • YesPleaseThankYou on 19/10/2025 - 20:22
        +2

        I checked the app. The offer displayed for me does not include 6 weeks free.

        Clicking from the in-app offer takes me to the VELOCITY promo code page — again, no 6 weeks free.

        • reddot12 on 19/10/2025 - 21:31

          I concur - my initial post did not mention the 6 weeks. The admins must have changed it

  • Stealtho on 19/10/2025 - 18:14
    -5

    Medicare is free

    • YesPleaseThankYou on 19/10/2025 - 18:22
      +8

      … much like stupidity.

      • Stealtho on 19/10/2025 - 18:24
        -2

        How so?

        • thespensa on 19/10/2025 - 18:49
          +1

          Not the replier but my guess is because this deal is for Medibank, not Medicare.

          • dinglejerry on 19/10/2025 - 18:50

            @thespensa: I've never seen the replier give anything but condescending responses in threads like these… although in this case, sadly, he's right.

    • star-ggg on 19/10/2025 - 20:33

      Medicare is free but dental isn't on medicare

      • Stealtho on 19/10/2025 - 21:30

        Look after your teeth and self insure

        • star-ggg on 19/10/2025 - 21:49
          +1

          Lemme just ask the ATO for my surcharge back so I can do that

      • jrvb42 on 20/10/2025 - 19:27

        Get your dental done as part of a holiday to SEA country.
        A simple clean at a BUPA dentist was priced at over $300, which is crazy.

        • star-ggg on 20/10/2025 - 19:56

          It's no gap dental with BUPA

    • jrvb42 on 20/10/2025 - 19:25

      Except for the levy and surcharge, which is easy to avoid by having little to no taxable income. :)

  • tnarg on 19/10/2025 - 19:22
    -1

    Velocity points way better than silly live better points

  • Lange on 19/10/2025 - 19:46

    Important to note

    "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"

  • Aust on 19/10/2025 - 20:20
    +4

    I'm with NIB and swapping works out to Medibank is around $757.39 extra over the 6 weeks I would need to pay to get to the 3 month period and qualify.
    But as my weekly cost for hospital and extras is $122 per week that only qualifies me for $70,000 points.
    Velocity sale on at present and 70,000 points is worth $1,310.40 (normally $1,638.00) (0.1872)
    So i would come out around $553.00 ahead

    If i increase the extras level the cost is $130.96 per week and is $897.91 extra and gets me to $100,000 points
    Velocity sale on at present and 100,000 points is worth $1,638.00 (normally $2,340.00 ) (0.1638)
    So this way i would be $740.00 ahead.
    So yep, for me i would come out in front.

    I probably wont go ahead as pita to swap out and back and Mrs has day surgery next month and just know they will stuff it up.

  • duna0104 on 19/10/2025 - 20:43

    6 weeks free is not included with this offer. Title need to be updated.

    • UnrealMacaw on 19/10/2025 - 20:52
      -1

      It stacked when I did it in June

      • duna0104 on 19/10/2025 - 21:02

        This time around no 6 weeks free included in the offer. You can check the offer details.

        • UnrealMacaw on 19/10/2025 - 22:02

          Yikes, I assumed OP had actually read it somewhere, but you're right I cant see it.

  • whyisave on 20/10/2025 - 07:30
    -1

    Will holding the Medibank for 90+ days, as the deal states, avoid the Medicare levy for someone who does not have Private Health Insurance [PHI] ?

    I am OK with not having PHI, but I like collecting Velocity points, so want to know what's the minimum amount of time to have this PHI, to 'avoid' the Medicare levy for this financial year (which is already in 3.5 months into it).

    • Gina Rinehart on 20/10/2025 - 09:27
      +1

      You will get a letter at the end of financial year that says how many days you were covered by PHI. You basically claim a pro-rated amount if it's under 365 days.

      • whyisave on 20/10/2025 - 11:00

        Thanks @Gina Rinehart !

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