The benefits of a member owned fund
Because member owned funds are focused solely on serving their members, they offer substantial benefits that privately owned and for profit health funds just can’t match. These include:
- Better service – Member owned funds are all about serving their members, and because of this they simply do a better job. They treat you like a person instead of a number, and they go that extra mile to help you in any way they can. The proof? The Private Health Ombudsman receives far less complaints each year about CBHS relative to its membership than the majority of other funds.
- Constant improvement – Because member owned funds reinvest their profits back into the fund, they have more capital to spend on creating better health benefits and providing better service to you and your family. Proof? CBHS is currently investing in new ways for members to access their accounts more conveniently, including streamlined email, phone, and online access.
- Lower premiums and higher benefits – Member owned health funds consistently beat the privately owned funds in both cost and benefits received. Proof? In NSW, a family with top hospital cover and no excess will pay $480 a year less with CBHS (before the Australian Government Rebate on private health insurance) than with the open health fund rated last year’s cheapest fund (for top insurance cover policy with $0 excess) by Choice Magazine*.
The best member owned fund for you, just ask our own members
If you’re a past or present CBA Group employee or immediate family member, choosing a health fund has never been easier. For better service, greater convenience, lower premiums and higher benefits, choose CBHS - the member owned fund that works for you. To find out more, send us an email at firstname.lastname@example.org or give our friendly Member Care team a call on 1300 654 123.