Teachers Health Group members to share in $55 million give-back from COVID claim savings
23 June 2023
Teachers Health Group (incorporating Teachers Health, UniHealth and Nurses & Midwives Health) today announced approximately $55 million will be returned to eligible members in one-off payments as part of their latest COVID give-back initiative. The move is part of the Group’s commitment to return the claims savings realised due to COVID back to members and follows the deferral of this year’s premium increases until October 1, 2023.
The latest giveback takes the Group’s total COVID support package to $134 million – including approximately $31 million in one-off payments as part of their give-back in 2022. Recognising the impact of rising cost of living on household budgets, the give-back provides essential support to the Group’s members at a time when it’s needed most.
“As a profit-to-member fund, supporting the wellbeing of and providing care for our members is our number one priority. We’re proud to continue our commitment to return any COVID-savings back to members, “said CEO Brad Joyce.
“Our teachers, school staff, nurses and midwives provide vital support to our community, and this give-back reflects both our values as a fund and our promise to put their needs first,” he concluded.
Teachers Health Group is Australia’s largest industry-based health fund covering over 400,000 lives and offering health insurance for educators, school staff, nurses and midwives, and their families.
Notes to Editor:
More information on the Teachers Health Group premium increase and COVID giveback initiatives can be found on the Teachers Health website.
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About Teachers Health
Teachers Health is health insurance for teachers, the education community, and their families. Created by teachers for teachers nearly 70 years ago, Teachers Health has grown to become Australia’s largest industry-based health fund and one of the nation’s leading not-for-profit health insurers. As a profit-to-member fund, Teachers Health is committed to putting members first and delivering the best possible value (not payouts for shareholders).
About Nurses & Midwives Health
Nurses & Midwives Health is health insurance for nurses, midwives and their families. As a profit-to-member organisation, Nurses & Midwives Health focuses on what matters most – supporting the health and wellbeing of members, not delivering payouts to shareholders.
UniHealth is health insurance for the higher education community and their families. As a profit-to-member organisation, UniHealth is focused on putting members first and supporting their health and wellbeing, rather than payouts to shareholders.