Media Article

HBF starts paying $110 million in COVID-19 savings to its members

HBF, Australia’s most trusted health insurer, has today started depositing approximately $110 million in COVID-19 savings into its members’ bank accounts.
By HBF
2 Minutes
25 June 2023
Woman sitting on a couch drinking a coffee

The payments range from $45 for singles holding an extras-only policy up to $330 for families holding a hospital and extras policy.

HBF Chief Executive Officer Dr Lachlan Henderson said: “We hope these payments help support our members at a time when Australian households are dealing with rising cost-of-living challenges.

“The payments are part of HBF’s commitment that as a not-for-profit, member-based organisation we would not financially benefit from the pandemic, with COVID-19 support provided to HBF members now totalling more than $255 million.

“We are returning this round of claims savings via a cash payment after our members told us in surveys they would prefer the simplicity of having the money directly in their bank accounts rather than returned via premium increase deferrals.”

HBF announced in March 2023 that members who held an eligible active policy on 1 March 2023 and remained with HBF when payments are made would receive the cash payments. HBF is communicating directly to eligible members on the amount they receive, with more information available at hbf.com.au/covidcashback.

Adrian Watson

Media enquiries

For more information please contact Adrian Watson, General Manager Sustainability and Corporate Affairs

About HBF

HBF was founded more than 80 years ago in Perth and has provided private health insurance to generations of Western Australians. HBF has expanded to become Australia's second largest not-for-profit health fund, providing hospital and ancillary insurance to more than 1.1 million members nationwide. HBF is also an active participant in health services through its physiotherapy business Life Ready, expanding HBF Dental business, and pharmacy partnerships with TerryWhite Chemmart outside of WA and Pharmacy 777 within WA. HBF is committed to actively connecting with and supporting the communities in which it operates as a trusted member-based organisation.  Visit hbf.com.au