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What does this mean for you?
If you had a resident Hospital or Extras policy with us between 1 January 2022 and 30 June 2022, and are the policyholder, you will be eligible for our cash give back. You will receive a communication from us later in the year confirming the cash give back amount. This will average approximately $28 for Extras only policies, $90 for Hospital only policies, and $123 for Hospital & Extras policies.
If we have your bank details this will be transferred to the same bank account we pay your claims to. If we don’t have your bank details, you will receive free days of cover to the equivalent value. To check your bank details or to update them you can do so through your My Medibank account - more details on how to do so can be found below.
Medibank had previously paused our premium increase for 6 months until 1 October, this has now been extended to 1 November. We’ll be in touch later in the year with details of your 2022 premium change.
Our cash give back and our extension of the pause on premium increases to 7 months, takes our COVID-19 customer give back support package to a record $682 million.
This is our latest initiative in our wider giveback program that returns COVID-19 claims savings to our members. Earlier this year we announced a 6 month pause on increasing premiums and in 2021 we also gave eligible members free days of cover.
We have more support available if you need it
We’d like to thank you for being a Medibank member. We’re continuing to provide ongoing hardship support for those who need it most, as well as access to mental health resources with Medibank Better Minds and Live Better activities.
As well as financial support, we have a range of services to support your wellbeing and mental health
Live Better Monthly
At Medibank, we know that caring for yourself helps you to care for those around you. That’s why we’ve created Live Better at Home. We're encouraging all Australians to join our daily Eat, Move and Feel activities including cooking demonstrations and guided meditations to help us stay happy and healthy.
The Better Minds app and website has a range of materials you can access to help shape your mental health journey. 24/7 Mental Health phone support service is available to members with hospital cover so you can talk to a mental health professional day or night. Learn more.
We understand that members have not been able to access their usual health services, so we have extended Telehealth services for 9 allied health services such as psychology and physiotherapy.^
^For eligible members with extras cover. Check your cover summary to see if these services are included on your extras cover and if any waiting periods or annual limits apply.
Things you should know
*To be eligible for the cash give back you must have been a Medibank member with an active resident hospital and/ or extras policy at any point between 1 January 2022 and 30 June 2022. This excludes members with Ambulance only cover, Overseas Visitors Cover, Overseas Workers Cover and Overseas Student Health Cover.
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