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Corporate health insurance

Corporate health insurance: compare plans from HBF, nib, Medibank and more.

What you need to know

  • Corporate health insurance is not as common in Australia as it is in North America, but it is available.
  • Some of the biggest funds in Australia offer corporate cover including hbf, Medibank and HCF.
  • A more common alternative to corporate health insurance are personal policies from restricted funds, who only offer cover to certain professions.

Who offers corporate policies in Australia?

There aren't many funds that offer corporate health insurance in Australia. Below are the health insurers currently offering corporate health plans. Open health funds allow anyone to apply for cover, while restricted funds only allow people from specific groups, industries or organisations to apply for membership.

Health fundFeatures of corporate plans offered by open health fundsFind out more
HCF logoHCF's corporate plans offer both hospital and extras policies:
  • Corporate Bronze Plus, Standard Silver Plus, Silver Plus and Gold hospital cover with no excesses for kids and access to a wide range of health and wellbeing programs.
  • Essentials, Lifestyle, Active, Advanced and Ultimate extras cover policies, which include 100% back on two dental checks per year, initial physio, chiro, osteo and podiatry consultations and certain spectacles and lenses.
Get quote
MedibankMedibank corporate plans include:
  • Hospital cover with no hospital excesses for kids.
  • Flexible extras cover with a combined limit of $1,500 to spend at any recognised provider and a separate $300 limit for optical.
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nib logo Image: Suppliednib corporate plans offer a choice of combined hospital and extras policies:
  • Subsidised Corporate Health Plans. Your organisation pays for the total cost of your employees health cover.
  • Partially Subsidised Corporate Health Plans. Your organisation contributes part of the cost of your employees health cover.
  • Voluntary Health Plans. Your employees contribute the total cost of their health cover.
More info
Bupa logoBupa corporate health plans provide a range of benefits to members including:
  • Up to 90% back on general dental and selected optical, physiotherapy and chiropractic services.
  • Group autopay for easy premium payments.
  • A Bupa Corporate Customer Card for easy claims, discounts at Hoyts, Event Cinemas and Goodlife Health Clubs.
  • A 24-hour Overseas Health Advice Line when travelling.
Get quote
GUHealth_LogoGU Health corporate plans offer both hospital and extras policies:
  • Hospital cover includes hospital accommodation, theatre fees in a public or partner private hospital, benefits for a wide range of inpatient services and an Access Gap Cover scheme.
  • Extras cover includes a range of treatments with varying benefit limits, plus GU Health members can enjoy a wide range of partner discounts including clothing and accessories, travel insurance and hampers.
More info
HBF Health InsuranceHBF's corporate plans offer a choice of hospital and extras cover which include:
  • Basic Hospital Plus, Bronze Hospital Plus, Silver Hospital, Silver Hospital Plus and Gold Hospital cover.
  • Basic extras, Flex 50, Flex 60, Complete 60, and Top 70 extras cover.
Get quote
HIF LogoHIF corporate health plans include the standard benefits you would expect such as the freedom to choose your healthcare providers and access to over 500 hospitals across Australia, as well as:
  • Rebates of up to 100% for common preventative dental treatments.
  • No hospital co-payments.
  • A SmartClaim mobile app for easy claiming.
  • Competitive quotes on travel insurance.
  • Access to a range of healthy lifestyle benefits including weight loss programs, yoga, pilates, gym memberships, cancer screenings and quit smoking programs.
Get quote
queensland country health fund provider linkQueensland Country Health's corporate plans include:
  • Budget, Vital and Better hospital cover (Vital and Better includes a choice of excess).
  • Young, Select, Essential and Premium extras cover (Premium provides generous benefit limits for 13 different services).
More info
Health fundFeatures of corporate plans offered by open health fundsFind out more
Picture not describedCBHS corporate plans offer both hospital and extras policies:
  • Entry (Basic), Bronze, Silver and Gold Hospital cover (Gold includes gap cover up to 100% of amounts in excess of the MBS fee, boarder accommodation for a friend or relative up to $160 per admission and Hospital Substitute Treatment at home by a registered nurse).
  • Basic, Classic and Advanced Extras cover (Advanced includes unlimited preventative dental, higher overall limits on major dental, optical, physio, chiro and therapies and wellness benefits for health management).
More info
navyhealthlogoNavy Corporate Health plans offer:
  • Comprehensive hospital cover with the choice of a $200 or $500 excess and a $200 refund on any excess paid.
  • Extras cover includes a choice of levels from Basic Extras to Premium Extras, which can be taken out in conjunction with hospital cover.
More info
rthealthlogoRT's corporate plans include:
  • Public, First Start, Step Up, Smart and Premium hospital cover (Premium has no restrictions or exclusions).
  • Value, Smart and Premium extras cover (Premium includes cover for orthodontics).
More info

Pros and cons of corporate health insurance policies


  • A great package may help attract and retain great employees for your business.
  • Wellness and vitality programs from your health fund can improve the health of your staff.
  • Because they're bought in bulk, corporate policies are often cheaper than personal plans.


  • Not everyone wants their health insurance to be tied to their employment, especially in Australia.
  • Maintaining a corporate health insurance policy will require some additional work from your Human Resources department.

What are corporate health policies?

A corporate health policy is a health insurance policy taken out by an employer for the benefit of their employees. Three methods exist for determining how the policy is paid for:

  • Fully funded. The employer pays for the health cover of their employees as a benefit of employment.
  • Partially funded. The cost of health insurance is shared by the employer and their employees.
  • Voluntary. The employer finds a policy for employees who can choose to join and pay for it themselves.

The policy types that are available for corporate plans are the same as those offered to consumers by health funds, which are:

The level of cover provided and the member benefits depends on the package the employer is able to negotiate with the insurer and the amount the employees are prepared to pay in premiums (if shared or employee funded).

Common misconceptions about corporate health plans

There are a few common misconceptions about corporate health plans that prevent some employers from considering them. Let's dispel the myths so you can make a more informed decision as to whether corporate health insurance can benefit your business.

The mythThe reality
  • Corporate health insurance policies are too complicated
  • The administration of corporate health plans is often fairly simple, with many corporate health funds having dedicated resources and teams you can make use of.
  • Corporate health insurance are only suitable for big businesses
  • The term "corporate" alienates some SMEs who think these health plans would be too hard to implement and run on a small scale, when in fact the opposite is often the case.
  • Corporate health insurance will cost you too much money
  • Most corporate health plans can be tailored to fit almost any business budget. You also have the option of a shared payment plan, where your employees pay part of their premiums, which can help with the cost.

Corporate health insurance in Australia versus the United States

Health insurance is highly regulated in Australia and personal policies are by far the most common way to get cover. This is very different to health insurance in the United States, which you might have heard about in the media. In The USA, corporate health insurance has been very common since the second world war, after President Roosevelt froze wages, which made businesses offer corporate health insurance as a way to attract employees. That was followed by a series of tax breaks and incentives for corporate health insurance policies to become the most common way to get coverage.

Despite that, there are still benefits to a corporate health plans in Australia, as outlined above. The biggest difference will be how you communicate the benefits of the plan to your employees - be sure to give this some thought when you make plans for corporate coverage.

How much does health insurance cost?

We ask hundreds of Australians what they're paying for health insurance every month. Here's what they told us in May 2024.
  • Basic: $110
  • Bronze: $143
  • Silver: $162
  • Gold: $197
Price based on 1,000+ responses for single hospital insurance.

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