Australian Unity to return about $6 million in COVID-19 savings to members

09 September 2021

Tags: Media

Wellbeing company Australian Unity will provide about $6 million in COVID-19 claims savings to its private health insurance members—on top of about $18 million of support measures already delivered.

These savings will be provided as premium relief to private health insurance members from November 2021.

This latest measure comes on top of the company’s lowest average premium increase in 20 years—the sixth lowest of all 35 health funds in 2021. Other COVID-19 support measures have included a six-month deferral of the 2020 premium increase, extending policy suspensions, premium relief for those on government JobKeeper and JobSeeker payments, covering COVID-19 admissions regardless of product type, and recognition of telehealth consultations as a feature of extras claiming—now a permanent feature for Australian Unity members.

David Brajkovic, CEO of Australian Unity Private Health Insurance said:

"As a provider of health, wealth and care services, Australian Unity is focused on doing all it can to reduce the impact of COVID-19 on our members, customers and the Australian community.

Australian Unity will notify health insurance members directly about how and when they will receive their premium relief.

Related article

Australian Unity launches diabetes health care pilot for Aboriginal and Torres Strait Islander peoples

Australian Unity is pleased to announce a partnership between its Aboriginal Home Health business, joint venture Ramsay Connect and University of Queensland to deliver a two-year pilot health care model for Aboriginal and Torres Strait Islander peoples living with type 2 diabetes in northern New South Wales, commencing in April 2024.

Read more

Australian Unity Bank announces interest rate changes

Following the Reserve Bank of Australia’s (RBA) decision to increase the official cash rate by 0.25 per cent on Tuesday 7 November, Australian Unity Bank has announced changes to its home loan interest rates.

Read more

Australian Unity Healthcare Property Trust strengthens capital management strategy with inaugural A$275m issue of A$ Medium Term Notes

Australian Unity Healthcare Property Trust (AUHPT) has successfully completed its inaugural issuance of senior, unsecured, six-year fixed rate A$ Medium Term Notes (A$MTN) to raise a total of A$275 million.

Read more

Australian Unity enters transaction with Fortnum and AZ NGA-owned Nestworth to transfer Advice business

Member-owned wellbeing company Australian Unity has entered into a transaction and tripartite alliance with Australian Financial Services Licensee, Fortnum Private Wealth (Fortnum), and AZ NGA-owned professional advisory firm, Nestworth Financial Strategists (Nestworth) for the sale of its financial advice (Advice) business.

Read more