Imagine where up to 70,000 Velocity Points could take you

Plus, 2&6 month waiting periods waived when you join eligible Medibank hospital and extras cover*

Use promo code VELOCITY. New Medibank members only.

Earn up to 70,000 Velocity Points

There are so many ways to live better, and we think taking a well-earned holiday is one of them!

So, do your health a favour - join and maintain eligible Medibank hospital & extras cover and you can earn up to 70,000 Velocity Points plus, 2 & 6 month waiting periods waived*. Use promo code VELOCITY and enter your Velocity member number.

How many points will I earn?

Get up to 70,000 Velocity Points*. Check out the table here to see what you're eligible for:

Medibank Weekly Premium Range

Velocity Points Earned

$120+ 70,000
$100 - $119 60,000
$80 - $99 40,000
$60 - $79 30,000
$40 - $59 20,000
<$40 10,000

Must be a new member who has not held Medibank or ahm hospital cover in the last 12 months. and hold the same level of eligible cover or higher continuously for at least 90 days to be eligible for the Velocity Points. Minimum direct debit period fortnightly.

How to get your Points

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Step 1

Pick the cover that's right for you and get a quick quote

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Step 2

Enter the promo code VELOCITY and your Velocity membership number when joining

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Step 3

Alternatively, you can call Medibank on 1800 695 463 or head into a Medibank store

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Step 4

You will receive your Velocity Points after 90 days from your policy start date

Frequently Asked Questions

Why choose Medibank?

With over 40 years of experience, we understand what better health means for our 3.7 million members.

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Accidental cover boost

If you have an Accident, you'll get the benefits of our Gold level hospital cover, no matter what level of hospital cover you have, thanks to our Accidental Injutry Benefit.#

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100% back on optical

Everyone deserves to see the world clearly. That's why when you join Medibank extras you get 100% back on optical items at all recognised providers up to annual limits.~

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24/7 Medibank Nurse

Members with hospital cover can call our phone service to speak to a Medibank nurse about their health concerns at any time of the day or night+.

Medibank - Velocity

Switching to Medibank is easy

Moving to one of Australia’s leading health funds is easy! Did you know, you can switch health insurance at any time? But remember: you need to join Medibank within 2 months of leaving your previous Australian health fund if you want the waiting periods you've already served to be recognised.>

Join Medibank and start to live better

Join and maintain eligible Medibank hospital & extras cover to receive up to 70,000 Velocity Points. Plus, get 2 & 6 month waiting periods waived on extras*. Use promo code VELOCITY and enter your Velocity member number. New members only.

Go on, do your health a favour and fly to your happy place.

Things you should know

*Medibank Health Insurance Velocity Points offer: For new members on new memberships who have not held Medibank or ahm hospital cover in the last 12 months (unless a dependent 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 join and start eligible Medibank hospital or hospital and extras cover from July 16 2022 to receive Velocity Points and 2&6 month waits waived on extras. Must set up direct debit, quote promo code VELOCITY and enter the Velocity member number of the policy holder when joining. Excludes Corporate, Accident only, Ambulance only, Extras only, 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 hold the same level of eligible cover or above and maintain direct debit for 90 consecutive days from the policy start date 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 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 Please note the minimum direct debit period is fortnightly.

2&6 month waits waived on extras for new Medibank members taking up this offer: 2&6 month waiting periods on extras waived. 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.

#For Accidents that occur in Australia after your cover starts. Must seek medical treatment within 7 days, and receive hospital treatment within 12 months, of the Accident occurring. Excludes claims covered by third parties and our Private Room Promise. Out of pockets may apply.

~6 month waiting period applies. Some lens coatings excluded. 

+OSHC members should call the Student Health & Support Line on 1800 887 283.

>You need to join Medibank within 2 months of leaving your old fund, or waiting periods apply again. Also, benefits that have been paid under your previous cover will be taken into account in determining the extras benefits payable under your Medibank cover

Have questions?

Our team of experts are ready to help!

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