HBF Health Fund

Last updated

HBF Health Insurance
Type Not for profit
IndustryPrivate health insurance
Founded1941
Headquarters Perth, Western Australia
Key people
Simon Walsh (managing director)
Products Health insurance
Website https://www.hbf.com.au/

HBF is an Australian health insurance provider. It is Australia's fifth biggest private health insurance provider with a national market share of 7.82%. [1] HBF is headquartered in Western Australia, [2] however, 18.6% of HBF members are residents of other states and territories. [1] [3]

Contents

History

In 1941, HBF was established as the Metropolitan Hospitals Benefit Fund of Western Australia, with the core purpose of providing affordable health services to Western Australians. HBF's purpose can be directly traced back to its origins as a key provider of social services prior to the introduction of universal government health cover in Medicare. It was established to provide a pool of funds to ensure the ongoing provision of affordable health services for members. Since its inception, HBF has grown to become the leading provider of health insurance in Western Australia.

In 2009, HBF had 7.7% of the national market share for private health insurance. [4]

HBF offers health insurance for hospital, ancillary, urgent ambulance and cover for complementary therapies.

In 2021, HBF completed the acquisition of Brisbane-based CUA Health Pty Ltd. As of 2021, this increased the company's market share to approximately 8%, with 17% of members living outside of Western Australia. [5]

Locations

HBF has 18 branches located throughout Western Australia: [6]

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References

  1. 1 2 "HBF's 2022 Annual Report". HBF Health. Retrieved 4 October 2022.
  2. "Contact Us". HBF Health. Retrieved 4 October 2022.
  3. "HBF Annual Report 2022" (PDF). HBF Health.{{cite web}}: CS1 maint: url-status (link)
  4. "Phio.org.au Publication" (PDF). www.phio.org.au. Retrieved 2 April 2021.{{cite web}}: CS1 maint: url-status (link)
  5. "HBF completes acquisition of CUA Health". HBF Health. Retrieved 4 January 2022.
  6. "Find A Branch". HBF Health. Retrieved 2 April 2021.