TUH Health Fund has announced it is scrapping plans to increase premiums for six months in recognition of the financial hardship many members still face because of the pandemic.
In effect, TUH will have handed back savings of $7.7m to members while other funds increase premiums by up to 5.33% on April 1, 2022.
This is the second time TUH has frozen premiums to help members recover financially from COVID-19. In 2020, it froze premiums for 12 months.
“Over the last few years, many of our members have been hit hard by the global pandemic,” CEO Rob Seljak said. “TUH is freezing premiums until 30 September 2022 in recognition of the impacts of the pandemic.”
TUH remains the only health fund in Australia to do this for its members.
“It’s a timely reminder before the price hikes on April 1 to check your provider has its members at
the heart of its policies and fees,” Seljak said. “We’re entirely owned by our members, who trust us to put profits into offering competitive products and services.
“The feedback TUH gets from members speaks for itself – our members truly appreciate that we’re
here when they need us most, to help them live better, healthier lives.”
