Welcome to the Derivco Health Plan
Derivco and Medibank have been working together to provide an exclusive offering for Derivco employees.
To make sure you get great value health cover, Derivco will provide a subsidy to eligible employees. To discuss the subsidy amount please contact the Derivco Benefits Team.
You have the flexibility to ‘mix n match’ any hospital and extras product, which allows you to maximise your subsidy and have greater choice to tailor coverage to meet you or your families needs.
All premiums are to be paid 100% to Medibank via direct debit and the subsidy will be provided via payroll.
To facilitate a smooth transition to Medibank, please have your current health fund details if applicable, your Medicare Number, employee ID and bank account details. If you don’t have an out of pocket to pay Medibank, your bank details are needed for claims reimbursement purposes.
If you are a current Medibank member please contact us on 1300 763 422.
Australian resident insurance
Mix 'n' match great value cover for hospital treatments, as well as extras cover for things like dental and physio.
For working visa holders
Choose from our range of quality health insurance cover, designed for people in Australia on a working visa.
More insurance options
Travel insurance
With cover options for domestic travel, or international trips, Medibank Travel Insurance has been helping protect Aussie travellers for over 15 years.
Pet insurance
We love our four legged friends. That's why Medibank Pet Insurance offers comprehensive cover options to help you protect your favourite furry friends.
Life insurance
Medibank Life Insurance helps provide for your family when you can't. Apply for life cover up to $2.5 million depending on your age and income.
Making it easier to live better
With Medibank Live Better, get informed, inspired and supported on your path to better health. Dive into our expert health and wellbeing articles, advice, news, and exclusive offers to get you started.
Switch today. It’s easy
Find Medibank corporate health cover that suits your needs.
Join online or on the phone. Simple and easy. We’ll cancel your old membership for you.
Claim - There’s no need to re-serve waiting periods you’ve already served with your old fund.#
# 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.
Contact Us
There are many ways to connect with us. Choose an option that suits you.
Things you need to know
Where premiums are displayed on this site, they take into account any information that you have provided and selections that you have made relevant to your personal circumstances however, the premiums displayed do not take into account any discount that you may be entitled to as part of the Corporate Agreement in place between Derivco and Medibank.
*For new members on new memberships who join and start a Medibank Corporate Health Cover subsidised by their employer from 19 May 2023 and have not held Medibank health cover in previous 60 days (unless they are a dependent coming off their parent's cover).
Excludes resident consumer Hospital and Extras cover, Basic cover, Accident Cover, Ambulance Cover, Overseas Visitors Health Insurance, Overseas Students Health Cover (OSHC), Working Visa Health Insurance, ahm covers and other selected covers.
Not available with any other offer, other than the applicable corporate discount.
Only available via the Platinum Phone team, retail or online.
Medibank may end this offer or amend these offer terms and conditions at any time without notice.
2&6 month waits waived on extras terms:
2&6 month waiting periods on extras waived.
Other waiting periods apply, including 12 months on some dental services.
If you are switching from another fund and you have used any of your current limits (at that fund), that will count towards your annual limits with us.
If you have reached your limits at your previous fund you may not be able to claim straight away on extras.
Live Better Points terms:
Must remain up-to-date with premium payments and hold eligible cover for 28 consecutive days from the policy start date.
The points will not be issued if you change to an ineligible cover, terminate your cover or suspend your cover during this period.
Policyholder will require access to a smartphone and will need to download either the Live Better stand-alone app or the My Medibank App and track any Live Better activity within 28 consecutive days from the policy start.
Must be 18 years or over and have a valid Australian residential address to register for Medibank Live Better.
Policyholder will need to have registered a My Medibank account and linked their My Medibank account with their Live Better account within 28 days from the policy start date.
Live Better points could take up to 8 weeks from the policy start date to be loaded to the policyholder's Live Better account.
For hospital only, singles and single parents will receive 7,500 Live Better Points, and families and couples will receive 15,000 Live Better Points. For hospital and extras, singles and single parents will receive 15,000 Live Better Points, and families and couples will receive 30,000 Live Better Points.
Live Better Rewards terms:
Must be a Medibank member with eligible hospital cover, extras cover, or hospital and extras cover, be up-to-date with premium payments and have signed up to Medibank Live Better with 'My Medibank' or have linked their My Medibank account with their Live Better account to redeem rewards.
Additional terms and conditions may apply to the redemption of a reward depending on the type of reward chosen. Read full Medibank Live Better terms here: https://www.medibank.com.au/livebetter/rewards/terms/