Top 3 features
- Good for current and former employees of the Commonwealth Bank Group.
- Good for young people under 30 looking for a discount.
- Good for great member offers and benefits.
CBHS Health Fund ensures Commonwealth Bank Group current and former staff have access to affordable private health care. As well as their broad spectrum of policies on offer, CBHS gives its members attractive cash-saving offers, and discounts for young people.
CBHS Health Fund is a private health insurance fund run exclusively for current and former staff of Commonwealth Bank Group and their subsidiaries which include Aussie, Bankwest, Colonial First State and more.
Founded in 1951, the Commonwealth Bank Health Society was created to ensure that CBA employees had access to affordable private health care. It's now one of the largest member-owned health funds in Australia with over 200,000 members.
CBHS will also offer increased excess options under the changes. This will allow you to reduce premiums on certain health cover, with $750 excess for singles and $1500 excess for couples and families on selected health cover.
From 1st April 2019, CBHS Health Fund is offering age-based discounts on Hospital cover for young Australians (aged between 18 and 29).
The discount you receive on your hospital premium depends on your age when you first take out eligible Hospital cover. It ranges from 10% (if you take out cover before the age of 26) to 2% (if you take out cover at the age of 29).
The discount is ongoing, which means if you keep your eligible Hospital cover, your discount remains until you turn 41. From then, the discount will reduce by 2% per year until it reaches zero.
To be eligible you'll need your own policy or a policy with your partner. The age-based discount is not available for dependants on their parents' policy.
If those on a couple or family policy, the discount is calculated by taking an average of the discount applied to the adults on the Hospital cover.
Depending on the type of cover you choose, as a CBHS member you may also have access the following benefits:
There are four ways you can lodge an extras claim with CBHS:
If you need to make a medical claim, a doctor who participates in an Access Gap Cover arrangement with the fund will bill CBHS directly. If your doctor doesn't participated in an Access Gap Cover agreement, you'll need to submit the claim to Medicare first before it is passed on to CBHS Health Fund.
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