MONDAY 14 August, 2023: HCF, Australia’s largest not-for-profit health fund today announced it will return another $40 million in COVID-19 savings back to members, bringing this year’s total cash giveback to $176 million.

Since the start of the pandemic, HCF has provided over $536 million in total support and benefits to members.

“We recognise the current pressures on household budgets being faced by our members and have kept our promise to continue passing on any COVID-19 savings,” said Sheena Jack, HCF CEO.

“This additional cash back is another way HCF is putting its money where our members are, not only through great value cover, but support when and where it counts.”

Members of HCF, RT Health and Transport Health will receive funds deposited directly into their accounts later this year.

Throughout and following the pandemic, HCF has continued to be there for its members with a growing range of benefits and support including:

• Premium increase freezes 3 times in 3 years
• $309 million in cash givebacks directly to eligible members
• Premium relief to 46,273 eligible members experiencing financial hardship
• $16 million* in everyday savings for members through its loyalty program, HCF Thank You
• Keeping eligible dependants on their family’s health cover for longer
• Increased cover for mental health services on selected extras
• An expanded range of health and wellbeing programs, including a free HealthyMinds mental health check-in for eligible members^.

Sheena Jack said, “Our strong commitment to protecting Australians’ health hasn’t changed for over 90 years. We do what we do for our members not shareholders, it’s that simple.”

“As we continue to give back more for our members, we remain committed to keeping premiums affordable and ensuring they can access the quality care and support best suited to their needs.”

HCF, RT Health and Transport Health members will be notified with specific cash giveback details from late September.

In the meantime members are encouraged to log in at hcf.com.au/members or via the My Membership app to check that their bank account details are correct.

* Savings calculated for the FY20-23 period.

^ 1 HealthyMinds Check-in available per member per calendar year. Service is available free to all members with hospital cover. Excludes extras only cover, Ambulance Only, Accident Only Basic and Overseas Visitors Health Cover.

For more information on any of the projects or for any further media enquiries please contact:

Media contact: Lindsay Carter 0457101176 lcarter@hcf.com.au

ABOUT HCF
HCF, Australia’s largest not-for-profit health fund protecting Australians since 1932, covers more than 1.9 million members with health and life insurance, and travel and pet insurance. HCF has been awarded Outstanding Value Health Insurance by Canstar seven years in a row from 2016-2022. On average over the last ten years, HCF has paid out more cents in every dollar in premiums to members as benefits than the industry average. To learn more about HCF go to hcf.com.au/about-us