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

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.

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.