The Hospital Benefit Fund, or HBF, was established in 1941 as a not-for-profit organisation. At the time, it was known as the Metropolitan Hospital Benefit Fund, and assisted West Australians in paying for treatment received in hospital. Currently, it is the largest private health fund in Western Australia, providing private health insurance policies to an excess of 900,000 members.
HBF is one of the most highly regarded health funds in Western Australia due to the organisation’s focus on its members, rather than profits. The number of subscribers it enjoys is testament to the outstanding service provided, as well as painless increases in its premiums. In line with putting the people first, HBF paid out $604 million in health claims in 2006, or a record-setting $2.4 million worth of claims every workday.
HBF also contributes to the health and wellbeing of every person in West Australia through their Community Heath Advocacy program. The fund provides insurance policies for health, travel, home, life, car, contents and personal valuables, boat and trailer.
This article is opinion only and should not be taken as financial advice.
Filed Under: Industry News