HBF lowest premium increase of major Australian funds: 4.95%

After a year in which benefits paid to HBF members rose by 10% HBF has limited its
average premium rise for members to 4.95% - well below the average increase of 5.78%.
Managing Director, Rob Bransby, said that the fund had been able to keep its premium
increase to the absolute minimum.

“As a not-for-profit health fund, we don’t need to factor in a profit for shareholders – the
only motivation for any increase is to be able to pay the additional benefits our members
need.”

And HBF members are making greater use of their health insurance than ever before. The
total amount paid in health benefits to HBF members has grown from $537 million in 2004
to $775 million in 2009.

Rob Bransby said that HBF believed that claims would continue to grow, as members
made more and more use of their private health insurance.

“We’ve seen claims increase year on year – the fact is that as the pressure on the public
health service grows members are making significantly more use of their health
insurance.”

During the past year HBF’s membership has grown to record levels and HBF attracted half
of all new policies taken out by West Australians in 2009. WA remains the only state
where over 50% of the population has private hospital cover.

Examples of HBF's premium increases: