HIF is a 100% member-owned, nationally operating not-for-profit health insurance provider, meaning we don’t have shareholders or overseas investors.
With an established heritage of over 60 years, HIF’s primary focus is to protect the health and wellbeing of our members and their families, and our not-for-profit business model means that we strive to return all surpluses to our members in the form of lower premiums, increased rebates and new benefits and services.
In comparison, some of our industry competitors (like Bupa, NIB, Medibank and AHM) are investor-driven and therefore experience divided loyalties when it comes to the distribution of their profits. Because of this, you may have seen a lot of advertising recently regarding a new collective called the Members Own Health Fund (MOHF) group, which represents a number of not-for-profit and mutual health funds across Australia.
HIF members can rest assured that we stand for exactly the same values (and more) as the MOHF group, however we have chosen not to invest the vital funds required in order to be part of the collective this year, as we believe those resources can be allocated more effectively to benefit our existing membership base directly.
Want to know more?
HIF is different to other Australian health insurance funds in a whole host of ways. Explore our website to find out more about us, from our corporate structure to our contribution to the community, not to mention our green credentials (did you know we’re Australia’s first and only certified carbon neutral health fund?).
You can also read all the latest news from HIF, along with our Healthy Lifestyle Blog featuring great articles on diet, nutrition, fitness, exercise, dental healthcare and general wellbeing.