Health insurance customers can earn points from 4 different reward programs through either sign-up offers or premiums:
Qantas Frequent Flyer points
You can earn Qantas Frequent Flyer points by taking out a Qantas Health Insurance policy. These points can be used on domestic and international airfares with Qantas.
Velocity Frequent Flyer points
You can earn Velocity Frequent Flyer points from some health funds. Some funds offer points on sign-up, while others offer bonus points through their benefit and wellbeing programs. These points can be used on airfares with Virgin Australia.
flybuys points
Some health funds allow you to earn points as part of Wesfarmers' flybuys rewards program, Australia's largest loyalty program. flybuys can be exchanged for Velocity points and used on Virgin Australia partner airlines.
Everyday Rewards points
Bupa have a unique way for you to earn bonus Everyday Rewards points for 60 days. If you link you Bupa account with your Everyday Rewards account, you'll earn 3X points on fresh fruit and vegetables from Woolworths for 60 days.
How can you earn frequent flyer points with health insurance?
There are a few different ways you can earn points on health insurance in Australia.
Sign-up bonuses. In an effort to entice new customers, many funds offer sign-up bonus points to new members. For example, Qantas Health Insurance give new policyholders a point bonus based on the cost of their premiums.
Collecting points with your premiums. Some programs, like HCF's deal with flybuys (as of October 2021), let you earn points with your premiums, no matter how you pay. This is just like the way you earn points at the grocery store.
Paying your premiums with your credit card. If your credit card allows you to earn frequent flyer or other reward points on purchases, you can boost your points balance by using your card to pay for your health insurance premiums. For example, you may earn one frequent flyer point for every dollar you spend on your card.
Wellbeing and benefit programs. Many health funds, including Qantas and AIA, give bonus reward points as part of their ongoing member benefit or wellbeing programs.
Redeeming points earned through health insurance is exactly the same process as with points earned any other way.
Pros and cons of choosing a fund based on points offers
Pros
Earn frequent flyer points. You can earn frequent flyer points to help pay for your next holiday.
Earn other reward points. You can also earn points in loyalty programs that offer a variety of other rewards. For example, you could get rewards such as shopping discounts, gift cards, travel, entertainment and much more through the flybuys program.
You're still covered. You would still purchase health insurance regardless of whether there was a points offer available, but these offers allow you to enjoy the peace of mind of health insurance cover and earn a reward at the same time.
Cons
Not necessarily the best cover. Just because a health fund offers reward points does not mean it offers the highest level of cover.
Not necessarily right for you. Just because you can earn reward points for purchasing cover does not mean that a particular policy provides all the benefits and cover you and your family need.
Credit card interest rates. If paying your health insurance premiums with your credit card to earn frequent flyer points, remember that unless you pay your balance before the interest-free period ends, you'll accrue interest charges on your card.
Frequently asked questions
Qantas Health Insurance is underwritten by nib Health Funds, a well-known Australian health insurance provider. They offer health insurance plans that earn Qantas Frequent Flyer points.
Yes, Qantas Health Insurance members can use the Qantas Wellbeing App, which helps track healthy activities to earn additional Qantas Frequent Flyer points.
Tim Bennett is a Finder insurance & utilities expert. For over 10 years he's reported on news, politics, finance and other topics as a journalist and radio presenter. Tim's roles have included radio news reader and breakfast at the ABC, news producer for SBS and producer for Fairfax Media. Tim regularly appears as a health insurance expert on programs like Sunrise and SBS news, as well as in the Australian, The Daily Telegraph, The Courier Mail and more. See full bio
Tim's expertise
Tim has written 122 Finder guides across topics including:
Get affordable cover for ambulance transport if you are not already covered under Medicare. Compare quotes from Australian funds to decide which level of protection is best for you.
Learn how to get cheap health insurance and what you can expect for your money.
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Important information about this website
Finder makes money from featured partners, but editorial opinions are our own.
Finder is one of Australia's leading comparison websites. We are committed to our readers and stand by our editorial principles.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labeling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
We make money by featuring products on our site. Compensation received from the providers featured on our site can influence which products we write about as well as where and how products appear on our page, but the order or placement of these products does not influence our assessment or opinions of them, nor is it an endorsement or recommendation for them.
Products marked as 'Top Pick', 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Depending on your age, you may be eligible for an
aged-based discount. This is used to estimate your
rebate.
Under 65
65 - 69
70 or older
What's your household's taxable income?
This is the combined income you and your spouse earn before tax. It's needed to calculate the correct Australian government rebate.
$93,000 and under
$93,001 to $108,000
$108,001 to $144,000
$144,001 and over
What kind of health insurance do you need?
Combined (Extras + Hospitals)
Extras
Hospital
What level of hospital coverage would you like?
You can change this at any time later.
Legend
Covered
Restricted cover, You may be partially covered for
this category.
Not covered. Optional for insurer to include.
*Prices updated March 2024, in line with Finder's
database of health insurance policies. Prices are based
on a single individual with less than $93,000 income and
living in Sydney with a $750 excess.
What extras cover do you need? (Optional)
Select as many as you want or move to the next step
Preventative & general dental
Major dental & implants
Optical
Physiotherapy
Podiatry
Non-PBS pharmaceuticals
Chiropractic
Emergency ambulance
Remedial massage
Email me my results (optional)
To get a copy of your results for later, add your email below
