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 fund | Features of corporate plans offered by open health funds | Find out more |
|---|---|---|
 | HCF's corporate plans offer both hospital and extras policies:
| More info |
 | Medibank corporate plans include:
| More info |
 | nib corporate plans offer a choice of combined hospital and extras policies:
| More info |
 | Bupa corporate health plans provide a range of benefits to members including:
| Get quote |
 | GU Health corporate plans offer both hospital and extras policies:
| More info |
 | HBF's corporate plans offer a choice of hospital and extras cover which include:
| Get quote |
 | HIF 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:
| Get quote |
 | Queensland Country Health's corporate plans include:
| More info |
| Health fund | Features of corporate plans offered by open health funds | Find out more |
|---|---|---|
 | CBHS corporate plans offer both hospital and extras policies:
| More info |
 | Navy Corporate Health plans offer:
| More info |
 | RT's corporate plans include:
| More info |
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:
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).
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 myth | The reality |
|---|---|
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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.
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