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 members who hold any level of Hospital cover are automatically covered for emergency ambulance transport. CBHS Ambulance Cover will reimburse you for the costs of emergency ambulance transportation including medical emergency treatment at the scene. You are only covered if the transport or treatment is provided by a State Government ambulance service or a private ambulance service recognised by CBHS.
Cover is for emergency transportation and treatment only, such as a heart attack or stroke, not for routine and ongoing medical conditions. Residents of Western Australia holding a Hospital or Package product can also claim a benefit for non-emergency ambulance transport services up to a maximum of $5,000 per person per year.
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 participate 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.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.