We’re implementing all health insurance reforms to give you better value health cover
Discounts for younger Australians
We’ll be able to offer discounts to 18-29 year-olds taking out eligible hospital cover.
$750 excess
We’ll also offer hospital products with a $750 excess. Choosing a product with a higher excess can help reduce your health cover premiums.
Changes to some natural therapy services
From 1 April 2019, as part of the government changes, all private health insurers will no longer be permitted to pay benefits towards some natural therapy services.
Standard Definitions and changes to product names
We’ll begin to use ‘standard clinical definitions’ across our website and whenever you hear from us. We may also update the name of your product so it can be classified as ‘Basic’, ‘Bronze’, ‘Silver’ or ‘Gold’, to make it easier to compare.
Compare our new hospital covers
Comparing hospital cover has never been easier, with the introduction of Basic, Bronze, SIlver and Gold levels of cover.
Find the level of cover that best suits your individual or family's needs.
Understanding the changes
If you transfer from another insurer on or after 1 April 2019 and you received the youth discount on your previous cover, Medibank will recognise that discount percentage on the eligible Medibank hospital cover. You just need to join Medibank within 2 months of leaving your previous insurer. Medibank will need a transfer certificate from the other insurer to confirm this.
If you close your cover and re-join Medibank within 2 months, we will honour the Youth Discount percentage you had prior to closing your cover. This will only apply where your new hospital cover is eligible for the Youth Discount.
You will only need to serve waiting periods for services not previously included under your cover or for any increased benefits or limits.
‡ For new members on new memberships who join and start eligible combined Gold and Silver hospital and extras from 1 April – 31 May 2019 and who have not held Medibank health cover in the previous 60 days. The Gold and Silver tier relates to the Hospital cover component only. Must quote promo code ONEMONTH and set up direct debit when joining. Must maintain direct debit and hold eligible product for 30 continuous days from the policy start date to get second month free. 2&6 month waits waived on extras: 2&6 month waiting periods on extras waived. Other waiting periods apply (including 12 months on some dental services). If you’ve reached your limits from a previous fund you may not be able to claim straight away. Excludes Corporate covers, Accident Cover, Ambulance Cover, Overseas Visitors Health Insurance, Overseas Students Health Cover (OSHC), Working Visa Health Insurance, ahm covers and other selected covers. Not available with any other offer.