In a milestone year for HIF (Health Insurance Fund of Australia), the organisation celebrated 70 years of helping Australians live healthier lives. This significant anniversary also marks the retirement of long-serving Chairman, Richard Homsany, who has dedicated 15 years to the Board and 10 years as its Chair.
The Chairman’s final Annual Report comes at a time of transition, with Paul Hersey appointed as the new Chair. Mr Hersey has served on the Board since 2019, which will ensure a smooth and seamless transition of governance responsibilities.
HIF Chairman Richard Homsany said, “It has been an absolute honour and privilege to serve on the Board of HIF. I am incredibly proud of our Western Australian heritage and the way HIF has continued to meet the needs of our members here and across the country for over seven decades”.
Mr Homsany’s retirement comes at a time of strategic clarity for HIF, with a new roadmap confirmed, which is focused on product reform, member experience, technology investment and brand growth. Testament to this was HIF’s prioritisation of affordability for its members, with the lowest premium increase in the market implemented in April 2025.
Chief Executive Officer Glenn Oellermann said, “Investing in our people, systems and processes is critical in meeting member expectations and fostering trust. Supporting our members to lead healthy lives is our core purpose, and we will continue to instil confidence in our industry by always putting our members first.
“I’m excited for the journey ahead, where we will continue to evolve, innovate and invest to ensure our member’s health remains our top priority.”
HIF processed nearly 500,000 claims and paid out over $144 million in benefits during the 2024- 25 Financial Year.
View the 2024/25 Annual Report.