Proud to be a Members Health Fund
We are proud to be part of the Members Health Fund Alliance and collaborate with like-minded funds to help deliver better outcomes for our members.
Proud to be a Members Health Fund
We are proud to be part of the Members Health Fund Alliance and collaborate with like-minded funds to help deliver better outcomes for our members.
Who are Members Health?
The Members Health Fund Alliance is an association joined by private health insurance funds that seek to put members’ health and wellbeing before profit, whether they be not-for-profit or part of a member-owned group.
Members Health is the peak industry body for an alliance of 25 health insurance funds that are not-for-profit or part of a member-owned group, regional or community based, and who share a common ethic of putting their members’ health before profits.
We are proud to be a part of this alliance and collaborate with like-minded funds to help deliver better outcomes for our members.
What does this mean for our members?
More benefits back to policyholders
Funds such as Navy Health that are part of this alliance have a value-based, member-driven business model, which means, as a group, they return more premiums back to members than for-profit competitors.
High policyholder satisfaction
Members Health funds consistently average higher customer satisfaction and retention rates. With competitive insurance premiums, they represent excellent value for money.
Customer retention and growth
Members Health funds now cover over 5 million Australians and because they put their members before profit and offer generous benefits, this number continues to grow. Members also stay with these funds longer than for-profit competitors.
Higher levels of trust
When it comes to trust, Members Health funds are in a league of their own. Independent surveys of fund members show that participating insurers have trust scores well above some of Australia’s biggest household brands.
Competitive health insurance premiums
As not-for-profit funds, they don’t have to pay dividends or drive profits for shareholders and investors, allowing them to operate on smaller margins, offer competitive premiums, and give more back to members.
Why is Navy Health an alliance member?
At an industry level, it’s important we align ourselves with other like-minded health funds to ensure a unified strong voice for greater influence and meaningful change when it matters.
Advocacy
Research and policy
Facilitate best practice
Shared experiences
More insurance benefits paid back to policy holders
Members Health funds are values based and members driven. Together, they give more insurance premiums back to policy holders in benefits.
Competitive health insurance premiums
Members Health funds represent excellent value for money. They don’t pay dividends or drive profits for shareholders or investors, and as a result they can operate on slim or even negative margins to give more back to policy holders.
