Medibank

Join and maintain an eligible Medibank hospital & extras cover and you could get up to 130,000 Velocity Points and 6 weeks of free cover*

Use promo code VELOCITY. Offer ends 8.04.2025.

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Fast track your way to dream destinations with Medibank

We all know health insurance can help you pay for health services. But did you know, it could help you earn Points for your next holiday.

Join and maintain an eligible Medibank hospital & extras cover and earn up to 130,000 Velocity Points*. Plus, get more value with 6 weeks of free cover*.

See the table below to find the Points that you could earn based on the cost of the weekly premium for your policy.

How many Velocity Points will I earn?

Get up to 130,000 Points* on an eligible Medibank hospital and extras cover. Check out the table here to see what you would be eligible for:

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Weekly premium range	Velocity Points
$159+	130,000
$129 - $158	60,000
$99 - $128	40,000
$69 - $98	30,000
$49 - $68	20,000
<$48	10,000

New Medibank members only. Terms and conditions apply. You must hold same eligible cover for 90 days to receive the bonus Points. Use promo code 'VELOCITY'.

How to get your Points:

Visit Medibank to get a quick quote on eligible hospital and extras cover.
Pick the right cover for you.
Enter the promo code "VELOCITY" on the Medibank join form.
You can also call Medibank on 1800 695 463 or head into a Medibank store and quote "VELOCITY" to take up this offer.
You will receive your Points when you have held your cover for at least 90 days, minimum direct debit period of fortnightly.

New Medibank members only. Terms and conditions apply. You must hold same eligible cover for 90 days to receive the bonus Points. Use promo code 'VELOCITY'.

Why choose Medibank

Accident cover boost

If you have an Accident, regardless of your level of hospital cover you’ll get access to Medibank's Accident Injury Benefit³.

24/7 Medibank Nurse phone service

Medibank members with hospital cover can call the phone service to speak to a Medibank nurse about their health concerns at any time of the day or night⁴.

100% back on dental check-ups twice a year

All Medibank members who have held extras cover for two months or more get 100% back on up to two dental check-ups every year, including x-rays, at any Members’ Choice Advantage dentist⁵.

100% back on optical

When you join Medibank Extras you get 100% back on optical items at all recognised providers up to annual limits⁶.

Switch Easy

Let Medibank do the paperwork by cancelling your old membership on your behalf.

Not yet a Velocity member?

Unlike other frequent flyer programs, it's free to be a Velocity member. Join today and start earning Points on the things you do everyday.

Join for free

*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 17 February – 8 April 2025; 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 < $48 = 20,000 Velocity Points
Weekly premium $49 - $68 = 30,000 Velocity Points
Weekly premium $69 - $98 = 50,000 Velocity Points
Weekly premium $99 - $128 = 70,000 Velocity Points
Weekly premium $129 - $158 = 100,000 Velocity Points
Weekly premium $159+ = 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.

6 weeks free: Must maintain direct debit and hold the same eligible level of cover or above for 91 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 91 consecutive day period.

FAQ's

All your questions asked and answered.

To be eligible you must:

Be a member of the Velocity Frequent Flyer program. Not a Velocity member? Join here.

Be an Australian resident.

Join and start eligible hospital or hospital and extras cover.

Be new to Medibank and not have held a Medibank or ahm hospital cover policy in the last 12 months, unless you’re a dependent coming off family cover.

Quote promo code VELOCITY and enter your Velocity membership number at time of joining.

Set up direct debit when joining minimum direct debit period of fortnightly.

Hold the same eligible policy and maintain direct debt for 90 continuous days from the policy start date.

Offer excludes Corporate, Accident only, Ambulance only, Extras only, Overseas Visitors, Student, Working Visa Health Insurance and all ahm covers.

Not available with any other offer.
If you meet the eligibility criteria, Points are calculated on weekly premiums expected to be paid in the first 90 days (excluding any Lifetime Health Cover loading and Youth Discount and before any adjustments for the Australian Government Rebate) see table here.
You must hold your eligible Medibank policy and maintain direct debit payments for 90 continuous days from the policy start date. Your Velocity Points will then be credited in the fourth month.
You will not be eligible to receive Velocity Points. You must hold the same eligible policy and maintain direct debit payments for 90 continuous days from the policy start date.
You will not be eligible to receive Velocity Points. You must hold the same eligible policy and maintain direct debit payments for 90 continuous days from the policy start date.
You will not be eligible to receive Velocity Points. You must hold the same eligible policy and maintain direct debit payments for 90 continuous days from the policy start date.
When purchasing your new Medibank policy via the Medibank website you will need to enter the promo code VELOCITY and enter your Velocity Frequent Flyer membership number into the field provided.

When purchasing your new Medibank policy in store, over the phone, web or text chat or via another channel, please quote the Velocity offer to the Medibank representative who will collect your Velocity membership number.
Please ensure the details you have entered match your Velocity account. If you are still experiencing issues, please contact the Velocity Membership Centre for assistance on 13 18 75.
Only one Velocity membership number can be linked per policy and it must be the Velocity membership number of the primary policy holder.
If you joined Medibank on an eligible new health insurance policy, please check that you provided your Velocity Frequent Flyer membership number at the time of purchase, are an eligible customer, have paid your policy premiums by each due date by direct debit, and your selected health insurance policy has not been cancelled or refunded for 90 days from the policy start date and are past the fourth month. If you have not received your Points and have met all eligibility criteria, please contact Medibank on 132 331.
Switching your health insurance to Medibank is easy. Simply leave your previous health insurance fund’s details when joining and Medibank can help cancel your old membership for you. Find out more.