RT Health Fund Review

RT Health Fund is a not-for-profit exclusive to rail, transport and energy workers, so all money goes back to members.

No reviews yet. Write a review

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Our Verdict

  1. It's not-for-profit, which means any money it makes goes back towards its members. Most health funds in Australia are for profit.
  2. It comes with a few great perks, from health management and chronic disease prevention programs to hospital at home.
  3. RT is a resticted fund, meaning it's good if you're a rail, transport or energy worker or family member but not for anyone else.

Review by our insurance writer Gary Hunter

Choosing the right cover

RT Health Fund provides five hospital cover options that offer an increasing range of benefits and an increasing premium cost for the higher level of cover: Basic Public Hospital, Bronze Plus First Start Hospital, Bronze Plus Step Up Hospital, Silver Plus Smart Hospital No Pregnancy and Gold Premium Hospital. These can be purchased as standalone cover or you can choose to mix and match them with one of the three extras cover options: Value Extras, Smart Extras and Premium Extras.

Do I need health insurance?

If you’re weighing up whether or not you need health insurance cover, all you need to do is take the Australian Government’s Lifetime Health Cover Scheme into account. Under the scheme, you’ll be charged a premium loading for every year after you turn 31 that you do not have some form of private health cover in place. In other words, the sooner you take out cover the cheaper it will be.

With this in mind, you’ll have to decide on the right cover option for you – and the right cover can differ greatly from one person to the next. For example, someone in their mid 50s with a history of health problems is going to need very different cover to a young, fit and healthy applicant. Consider what you need cover for and how much you want to spend before you choose a fund.

RT Health Insurance Levels of Cover

RT Health Fund offers the following hospital cover options:

Gold Premium Hospital

  • No exclusions or restrictions; this policy covers up to 100% of the cost of treatment in the private or public hospital of your choice, and covers you for all 38 clinical categories.

Silver Plus Smart Hospital No Pregnancy

  • Comprehensive cover that suits most people's needs. It doesn't cover you for procedures such as joint replacement, pregnancy, or kidney dialysis so it's more affordable than Gold Premium.

Bronze Plus Step Up Hospital

  • Suited to the young and healthy, exclusions include joint replacement procedures and their revisions, kidney dialysis, spinal surgery and major eye surgery.

Bronze Plus First Start Hospital

  • For those without any specific health issues or concerns. Available with a $350 or $700 excess, First Start covers you for some treatments of a public hospital or partnered private hospital and lets you choose your doctor.

Basic Public Hospital

  • As the name suggests, this option only covers you for treatment in a public hospital, not a private hospital. However, you can receive treatment from the doctor of your choice and receive up to 100% of hospital costs. Ambulance attendance and transportation is also covered.

Extras available from RT Health

There are three levels of extras cover, that can be purchased alongside hospital or as standalone products.

Premium Extras

  • This is RT Health Fund’s top-level extras cover option and it provides cover for general and major dental, orthodontics, optical, physiotherapy, chiropractic, occupational therapy, orthoptics, dietetics, audiology, podiatry, speech therapy, psychology, pharmaceuticals, vaccines, alternative therapies, home nursing, hearing aids, health aids and more.

Smart Extras

  • This mid-level policy option covers the same general treatments as a Premium Extras policy but does not provide as generous benefit limits. It also excludes orthodontics cover, creating a combination between a broad range of cover and affordability.

Value Extras

  • This entry-level extras cover option excludes a number of treatment types and features lower benefit limits. However, it still provides cover for general dental, optical, physio, chiropractic, occupational therapy, orthoptics, dietetics, alternative therapies, vaccines, pharmaceuticals, health aids and hearing aids.

Are there any additional benefits?

  • No excess for dependent children. RT Health Fund hospital cover members will never have to pay an excess for their dependent children.
  • Affordable cover. Sole parent cover is available to make health insurance more affordable for single parent families.
  • Cover your kids up to the age of 25. If any of your kids are unmarried and full-time students, they can stay covered under your RT family policy until they reach 25 years of age.
  • Optical and dental discounts. Fund members can access a range of discounted products and services at the fund’s new optical practices in Surry Hills and Newcastle. A range of dental and eyewear discounts are also available.
  • Free health management programs. RT Health Fund members can take advantage of two free health management programs. Hospital at Home offers hospital-equivalent care to you at home, while health4life helps you make healthy lifestyle changes to prevent chronic disease.

What isn't covered?

Your RT Health Fund claim will not be paid if:

  • It is for a treatment excluded from your level of cover. For example, Smart Hospital excludes cover for joint replacement procedures
  • It is for services received more than two years prior to submitting your claim
  • It is for a service for which Medicare does not offer a benefit
  • It is for cosmetic surgery that is not medically necessary
  • If you are admitted to a private hospital with which RT Health Fund does not have a contract
  • It is for hospital or medical costs incurred for outpatient treatment
  • It is for private hospital emergency department fees
  • It is for treatment received overseas
  • It is for discharge pharmaceuticals
  • It is for hospital costs not related to the reason for your admission, for example TV hire and phone calls
  • You have Smart Hospital or Value Hospital cover and you receive treatment in a private hospital which you are only covered for in a public hospital
  • It is for treatment provided in a non-hospital facility, for example a nursing home.

Am I eligible to join?

RT Health Fund is a restricted membership fund that offers cover to employees in the transport and energy industries and their families. In order to be eligible to become a member of RT Health Fund you will need to be a current or former employee of a:

  • Land, sea or air transport company
  • Government body that administers the air, land or sea transport industries
  • Energy generation or delivery company
  • Contract company that provides any of the above services

Current and former members of Railways Credit Union Limited can also join, while you can also join if you are related to an eligible person. This means you must be their parent, sibling, brother- or sister-in-law, partner or former partner, child, grandchild, son- or daughter-in-law, or niece or nephew.

Does RT Health Insurance have an excess?

Depending on the level of hospital cover you take out, you may be required to pay an excess when you are admitted to hospital. The excess is the amount you pay to contribute to your hospital costs and allows you to enjoy lower premiums. Under Gold Hospital, you can choose to pay an optional excess or no excess at all. Both Silver Hospital and Bronze Hospital policies come with an excess that you'll need to pay when you're admitted to hospital, and the amount you have to pay will be detailed in your policy schedule.

I need to make a claim ... what do I do?

If you receive treatment in a private hospital, in most cases the hospital’s bills will be sent directly to your health fund. However, you may receive bills from the different doctors who treat you, and you’ll need to take them to a Medicare office and fill out a two-way claim form. Medicare will then forward your claim on to RT Health Fund to cover the 25% gap that Medicare does not pay.

When you need to make an extras claim, many providers will offer on-the-spot electronic claiming that simply requires you to swipe your membership card. Where this option is not available you will have to download a claim form from the RT Health website, fill it out and submit it to the health fund.

You can also submit a claim via the RT health insurance app. You can download the app from the Apple Store or Google Play Store.

FAQs RT Health

Compare health insurance policies today

If you’re eligible to become a member of RT Health Fund, consider the benefits and features it offers when choosing private health cover. Comparing the products offered by a range of funds is the best* way to ensure that you get the cover you need for you and your family.

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

More guides on Finder

Save on your health insurance

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site