Finder Reveals HBF as Australia’s Best Health Fund of the year


2 minutes

07 March 2024

HBF has won Best Health Fund of the Year for 2023 and 2024 in the Finder Awards, validating our commitment to providing value to our million-plus members around Australia.

Here’s a bit more on how this award works with Finder’s Insurance & Innovations Editor, Gary Ross Hunter – here to fill you in on why HBF was recognised.

Key points:

Finder have called it a ‘standout year’ for HBF in their annual awards1

  • HBF has won Best Health Fund of the Year 2024
  • HBF’s Basic Hospital Plus Elevate has won in the category Best Health Insurance - Basic Hospital
  • HBF’s Silver Hospital has won in the category Best Health Insurance – Silver Hospital
  • HBF’s Flex 50 has won in the category Best Health Insurance - Medium Extras
  • HBF has been Highly Commended for both Bronze Hospital Plus and Gold Hospital Elevate

How was the winner chosen? 1

First, Finder analysed nearly every health insurance policy available in Australia.

All health insurance products (policies) were assessed by averaging premiums from all states and territories for four life stages, which include single, couple, family, and single parent.

They then combined the pricing results with what is called a features score. For in-hospital treatments, Finder looked at 38 covers to measure the comprehensiveness of a policy.

Prices and features were also the basis of Finder’s ranking for the final extras cover scores.

The Result: policies that scored the highest represented the best value.

Let’s talk about recognised hospital cover value

One example noted by Finder to demonstrate member-first value is the Basic Hospital Plus Elevate policy, which includes 18 treatments – far more than most offer in the same tier.

Another member-first value option is the Silver Hospital policy which, covers 33 treatments including heart and vascular system, back, neck and spine, digestive system and dental surgery.

What does that mean for members? Put simply, HBF won Finder’s Best Health Fund for 2024 because it scored more points than any other fund. Meaning we have some of the best-value policies on the market two years running. 

Not just hospital, extras cover wins too

Our Flex 50 policy, which won Finder’s Medium Extras category, offers up to $800 in benefit limits per year, and the flexible aspect to this cover is that HBF members can choose from popular services including preventative dental, major dental, physio and dietetics that are relevant to them – that might mean using the $800 limit on physiotherapy treatment or $400 on psychology and $400 on dental.

For more information on the awards program and the full methodology, click here.


  1. 1Finder - Health Insurance Awards 2024


This article contains general information only and does not take into account the health, personal situation or needs of any person. In conjunction with your GP or treating health care professional, please consider whether the information is suitable for you and your personal circumstances.