A healthy approach
AS health funds across the country prepare to raise their premiums by an average of 5.57 per cent, one Townsville-based health insurance provider is undercutting the market for the sixth year in a row.
Queensland Country Health Fund general manager Aaron Newman said premium increases for the fund continued to be less than the industry average.
‘‘ Not only have we managed to keep premium increases to a minimum for our members but we have also increased benefits for the third year in a row,’’ he said. ‘ ‘ I t certainly goes against the trend in this industry ( which is) to increase premiums and reduce benefits.’’
Queensland Country Health Fund’s memberships have increased at around twice the national industry growth rate in the past 12 months although the number of people covered by the fund remains small at around 35,000.
Mr Newman credited a more informed consumer for the on-going increase in membership growth.
‘‘ People are doing their research and they are embracing our l ower premiums with increased benefits philosophy,’’ he said.
‘‘ Compared to the other large funds, we offer a great value for money proposition and every year it just gets better.’’
Queensland Country Health Fund will this year increase their premiums by 4.89 per cent, with increases in benefits across their dental and optical cover.
They will also introduce additional benefits for weight loss and quit smoking programs and a loyalty plan to increase annual limits on dental and therapies cover.
Queensland Country Health Fund, a subsidiary of the Queensland Country Credit Union, is a not-forprofit health benefits fund.
It was established in 1977 at Mount Isa as the MIM Employees Health Society and merged with the credit union in 1999.
UNDERCUTTING: Queensland Country Health Fund general manager Aaron Newman