As a member of Accuro, you are eligible for certain discounts if you meet the appropriate criteria. Most of our discounts are applied automatically. However, some require you to provide certain information to us in order for them to be applied. (e.g.: Non-Smoker and Healthy Weight Discounts).
Discounts that have been applied to the sum payable for your policy will be listed on the policy renewal notice, which is provided one month prior to your anniversary.
However, we will give you at least 21 days’ notice in advance of any changes which affect the sum you pay us.
Not all discounts are available on all products and plans. Please see further information below.
Payment discounts:
Annual payment discount (5%)
Members who pay their premium in full, once a year at their anniversary, may be eligible to receive a discount of 5% on their premium.
Direct Debit discount (2%)
Members who choose to pay their premium by direct debit may be eligible to receive a discount of 2% on their premium.
Any current or previous members of an Accuro workplace health insurance scheme are not eligible for the Annual payment or Direct Debit discount. These discounts also do not apply to the Day to Day product.
Other discounts:
Non-smoker discount (10%)
Members who have not smoked or vaped in the past 12 months may be eligible to receive a premium discount of 10% on their Hospital & Surgical and Specialist plans. Only applicable to our adult rates on SmartCare, SmartCare+ and SmartStay products.
Any current or previous members of an Accuro workplace health insurance scheme are not eligible for this discount. Dependants under the age of 25 are also not eligible for this discount. Only available on SmartCare, SmartCare+ and SmartStay policies.
Healthy weight discount (5-15%)
After three years of continuous cover on SmartCare or SmartCare+, members who have a BMI within the qualifying range may be eligible to receive a 5-15% premium discount to their Hospital & Surgical plan.
- 5% after 3 years of continuous cover
- 10% after 6 years of continuous cover
- 15% after 9 years of continuous cover, and every 3 years following
Your Healthy Weight Discount entitlements are assessed every 3 yearly anniversary and confirmation of BMI is required from the member's GP. For more details, please refer to the policy document.
Any current or previous members of an Accuro workplace health insurance scheme are not eligible for this discount. Dependants under the age of 25 are also not eligible for this discount. Only available on SmartCare or SmartCare+ policies.
Low claims discount (30%)
Members on the Major Medical Plan or Real Value Plan may be eligible to receive a 30% discount if they have claimed less than 70% of the premium value calculated for a three year period. Please note that these are legacy plans and are no longer available to purchase. More information on how the low claims discount is calculated can be found here.
Any current or previous members of an Accuro workplace health insurance scheme are not eligible for this discount. Dependants under the age of 25 are also not eligible for this discount. Only available on Major Medical Plan or Real Value Plan.
Free cover for dependents under six months old
A dependant of a Member who is not themselves a dependent, and who is under six months of age, is eligible to receive cover free of premiums for the first six months after birth when added onto a policy. We will charge the relevant premium once the dependant has reached 6 months of age. Please refer to your policy document for full details.
This discount does not apply to the Day to Day product.
Third and subsequent children free
All third and subsequent children on a policy may be eligible to receive free cover when they have the same product and plans as the two children for which premium is paid. Please refer to your policy document for full details.
Only applicable to dependants who are under 25 years old.
Eligibility for discounts by product
Not all discounts are available on all products and plans. You can download a copy of the guide to eligibility using the link below.
Example of discount calculations:
Discounts are applied as a sequential deduction from the Gross Premium. The Net Premium is what is payable by the member.
Accuro applies the discounts by starting with the Gross Premium and on a sequential basis, multiplying premium by the discount rate, with the premium used being based on the balance from the prior calculation. This results in a Net Premium payable by the member.
An example of how this works is:
Example A
| Gross Premium | $100 | |
| Less Discounts: | ||
| Annual payment discount (5%) | $5 | $95 |
| Non-smokers discount (10%) | $9.50 | $85.50 |
| Healthy weight discount (5%) | $4.28 | $81.23 |
| Direct Debit discount (2%) | $1.62 | $79.60 |
| Net Premium | $79.60 |
It does not matter in which order the discounts are shown or applied in the calculation of the Net Premium payable by you – the formula used results in the same Net Premium figure (Example B).
Example B
| Gross Premium | $100 | |
| Less Discounts: | ||
| Direct Debit discount (2%) | $2 | $98.00 |
| Healthy weight discount (5%) | $4.90 | $93.10 |
| Annual payment discount (5%) | $4.66 | $88.44 |
| Non-smoker discount (10%) | $8.84 | $79.60 |
| Net Premium | $79.60 |
If a discount is removed, for example a member is no longer eligible for the non–smoker discount so that discount is removed, then the remaining discounts are re-calculated.
If you have questions about how Accuro applies discounts or how a change to discounts would affect the net premium payable by you, please contact us.