AHM and Medibank are currently offering a limited-time discount on OSHC bought through OSHC Australia. It’s a real saving, but it’s not the same for everyone, and for some students another insurer is still cheaper. This guide shows exactly what the discount is worth for singles, couples and families, so you can decide with real numbers. Prices updated 2 November 2026.
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What is the AHM and Medibank OSHC discount?
- AHM OSHC: 3.1% off eligible policies.
- Medibank: 5% off eligible policies.
- Where: when you buy through OSHC Australia.
- Until: policies purchased by 28 February 2027.
- T&Cs apply.
On our OSHC price calculator you’ll see these prices marked with a Limited-time discount badge while the offer runs. The discount is taken off the price of the same basic OSHC policy, so the cover itself doesn’t change and it still meets the Student visa requirement.
What the discount saves single students
For single students the discount makes a real difference, because it pushes AHM ahead of Allianz Care, which would otherwise be the cheapest.
AHM OSHC, single cover
| Cover length | Regular price | Discounted price | You save |
|---|---|---|---|
| 3 months | $170.35 | $165.07 | $5.28 |
| 6 months | $340.70 | $330.14 | $10.56 |
| 12 months | $681.40 | $660.28 | $21.12 |
| 24 months | $1,384.10 | $1,341.19 | $42.91 |
Medibank, single cover
| Cover length | Regular price | Discounted price | You save |
|---|---|---|---|
| 3 months | $179.75 | $170.76 | $8.99 |
| 6 months | $359.50 | $341.53 | $17.97 |
| 12 months | $719 | $683.05 | $35.95 |
| 24 months | $1,457 | $1,384.15 | $72.85 |
For a 12-month single policy, the discount saves $21.12 with AHM and $35.95 with Medibank. That brings AHM to $660.28, just under Allianz Care at $665. Medibank at $683.05 is still a little dearer than both, and Bupa is $713.
So for most single students, AHM is the cheapest option while the discount lasts, but only by a few dollars over Allianz Care. If you prefer Allianz or Bupa for other reasons, such as Bupa covering specialists at 100% of the MBS fee, the price gap is small enough that it’s worth weighing up.
Limited-time discount
See the discounted prices for your dates
AHM and Medibank discounts are already applied in your quote. T&Cs apply.
Get my quote →Partner link to OSHC Australia. Prices updated 2 November 2026.
Does the discount help couples and families?
A little, but not enough to beat the cheapest insurers. AHM and Medibank couple and family prices start well above Allianz Care and Bupa, so even after the discount they stay higher.
| Cover type, 12 months | Allianz Care | Bupa | AHM OSHC (discounted) | Medibank (discounted) |
|---|---|---|---|---|
| Couple or single parent | $5,351 (cheapest) | $5,528 | $7,126.61 | $6,302.40 |
| Family | $9,515 (cheapest) | $13,692 | $15,092.76 | $15,427.19 |
For a family, Medibank’s discount saves $811.96 on a 12-month policy, but Allianz Care is still $5,912.19 cheaper. If you’re buying for more than one person, read our guide to OSHC for couples and families before you decide.
Do you need to rush?
No. The offer runs until 28 February 2027, so there’s time to get your CoE, check your visa dates and pick the right cover length. Buying a cheaper policy that’s the wrong length can cost you more in the end, so get the length right first.
A few things to keep in mind:
- The discount applies to eligible policies only, and T&Cs apply. Check the price in your quote before you pay.
- Prices in this guide are for cover starting 1 December 2026. A different start date or length will give a slightly different price.
- After 28 February 2027 AHM and Medibank go back to their regular prices, unless the offer is extended.
Is the cheapest OSHC always the best choice?
All basic OSHC policies meet the same government standard, so you’re not getting worse visa compliance by choosing the cheapest. There are small differences, though, in specialist cover, prescription limits and how easy claims are. Our checklist for comparing OSHC providers walks through what to look at, and the cheapest OSHC in Australia guide has the full price picture.
AHM and Medibank OSHC discount: frequently asked questions
AHM OSHC is 3.1% off for eligible policies bought through OSHC Australia by 28 February 2027. T&Cs apply.
Medibank OSHC is 5% off for eligible policies bought through OSHC Australia by 28 February 2027. T&Cs apply.
For cover starting 1 December 2026, it saves $21.12 with AHM (now $660.28) and $35.95 with Medibank (now $683.05). Prices updated 2 November 2026.
Yes. It’s the same basic OSHC policy at a lower price, so it meets the Student visa health insurance requirement.
No. Even with the discount, Allianz Care is cheapest for couples and families on 12-month cover, at $5,351 for a couple and $9,515 for a family. Prices updated 2 November 2026.
Related OSHC and Student visa guides
- OSHC price calculator: compare OSHC for 1 to 60 months
- Cheapest OSHC in Australia: 2026 prices compared
- OSHC for couples and families
- OSHC for short courses and English classes
- How to compare OSHC providers
- What is OSHC and how long should your cover be?
- How much does an Australian Student visa cost in 2026?
Source and method: prices are totals in Australian dollars for basic OSHC, quoted on OSHC Australia on 2 November 2026 for cover starting 1 December 2026. Prices can change, so always check your quote before you pay. Discount details are from the offer shown on OSHC Australia on 2 November 2026. Cover details come from each insurer’s policy summary and the Department of Health OSHC fact sheet. This guide is general information, not insurance or migration advice.
Cover photo by Sasun Bughdaryan on Unsplash.
