Yes, Frank may match special offers this month

A lot of people think buying health insurance is all too hard. Fair enough – there’s a lot of distractions out there and everyone wants you as their customer. You’re bombarded with information, and one of the carrots dangled in front of you is the “special offer”. No waiting periods, a new pair of runners, baby pandas … the list goes on.

Almost every health fund has a special offer every month. Frank’s guilty of it too – this month we’re offering 1st month free when you take up combined hospital and extras cover.

Special offer

But here’s the thing…

Frank believes you shouldn’t be distracted by gifts. Work out which health cover is best for you - the special offer is just a bonus.

So until October 31, Frank will match any competitor’s current special offer where we’re allowed to by law.

What do you mean, “allowed to by law?”

All health insurers are bound by the Private Health Insurance Act, which dictates that new customers can only receive a special offer to the value of up to 12% of their annual premium. So, sometimes Frank can’t match a competitors deal. This is only because we’re cheaper to start with.

That’s Frank, low cost. And a stickler for the rules.

Here’s how it works

Frank’s done the research and below is a list of most of the special offers during October. Some of the offers from the other health funds have conditions attached to them, such as only being available on combined cover, or only on singles cover, and so on. Those same conditions apply with Frank.

Like with all special offers, this offer is only available to new Frank members on new memberships. That means if you have been with Frank in the last 6 months, then sorry you don’t qualify… But if you haven’t then you are good to go! Or if you cancel your membership within the cooling off period, Frank will refund you any premiums you have paid, less the value of the special offer you received when you joined. Fair is fair.

Other health fund special offer Eligible Frank covers What Frank will give you
New Balance voucher –
$100 for singles
$200 for non-singles
Any combined cover Cash into your bank account –
$100 for singles
$200 for non-singles
Garmin Vivofit –
1 for singles ($129 value)
2 for non-singles ($258 value)
Any combined cover Cash into your bank account –
$129 for singles
$258 for non-singles
Movie Tickets –
6 adult tickets for singles ($117 value)
12 adult tickets for non-singles ($234 value)
OR 6 adult and 6 child tickets for non-singles ($204 value)
Any combined cover Cash into your bank account –
$117 for singles
$234 for non-singles
OR $204 for non-singles
$50 Westfield gift card Any hospital or combined cover Cash into your bank account –
$50
Fitbit Flex ($129 value) Any combined cover Cash into your bank account –
$129
2 month extras waiting periods waived Any combined cover 2 month extras waiting periods waived
1 month free + 2 month extras waiting periods waived Any combined cover 1 month free (applied on the second month) + 2 month extras waiting periods waived
1st month free Any cover 1st month free
Or Frank's special offer Eligible Frank covers
1st month free Any combined cover

Cool. So how do I get this Frank awesomeness?

It’s as easy as getting a quote for cover, then selecting the offer you want when you join online.

Frank even gives you three ways to choose your cover.

Don't forget, this ends on October 31, so be quick.

Australian Government Rebate on Private Health Insurance

The Australian Government Rebate on Private Health Insurance is the amount the government pay toward private health insurance premiums. It provides a subsidy on the cost of taking out private cover depending on your income.

The rebate is available to those who have full Medicare eligibility and earn under $140,000 for singles and $280,000 for families/couples or single parents.

The table below gives you the full details.

If you are: And your combined taxable income is:
Single $90,000 or less $90,001 - $102,000 $105,001 - $140,000 $140,001 or more
Couple/Family/Single Parent (increases by $1,500 per child after your first) $180,000 or less $180,001 - $210,000 $210,001 - $280,000 $280,001 or more
Then your Federal Government Rebate Tier is:
Under age 65 Tier 0 - 29.04% Tier 1 - 19.36% Tier 2 - 9.68% Tier 3 - 0%
Age 65-69 Tier 0 - 33.88% Tier 1 - 24.20% Tier 2 - 14.52% Tier 3 - 0%
Age 70 and over Tier 0 - 38.72% Tier 1 - 29.04% Tier 2 - 19.36% Tier 3 - 0%

The rebate amount you are entitled to varies depending on your income tier and age. Importantly, to make sure you are receiving the correct rebate on your health insurance premiums, make sure you keep Frank up to date with your expected annual income.

The Government releases new income tiers around 1 July each year. We’ll let you know when these are announced.

How do you claim the Rebate?

You can claim the rebate as a reduction to your premiums, as a tax rebate when you lodge your annual tax return or as a direct payment from the Government through any Medicare office.

The easiest way for you to claim the rebate is to complete the application form for the Australian Government Rebate on Private Health Insurance during the application process with Frank. Frank will then deduct the rebate from your premiums.

Special Offer

Frank may match competitor's special offers this month