Health Funds: Learn more about iSelect’s participating Health Insurers

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Updated 23/05/2024
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Reviewed by Dr Jill Gamberg and tip added and referencing style updated.
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Written by

Francis Taylor

Updated 23/05/2024

What changed?

Reviewed by Dr Jill Gamberg and tip added and referencing style updated.
Our aim is to help you make better informed decisions. That’s why iSelect’s content is produced in accordance with our fact-checking and editorial guidelines.

Find out more about how we make money.

View our Privacy Policy.

Compare Health Insurance Policies

Save time and effort by comparing a range of Australia’s health funds with iSelect

I need cover for…

Australian Unity

Comparing Health Insurance policies from our range of participating insurers can be as simple as calling us on 1800 784 782 and chatting to someone on our friendly team.  

But before giving us a call, it can be helpful to get a more thorough understanding of each of our health fund partners, so that you can choose one that suits your budget and needs. 

Helpful Tip:

It is important to compare the price and benefits of different health funds and what kind of partnerships they have in place with different healthcare providers.

Most insurers have ‘no gap’ arrangements with certain hospitals and providers. This means you will not pay additional out of pocket costs at these places for your insured treatments. Different insurers will  have  specific providers in their ‘no gap’ networks. The important thing is to check first, especially if you have a specific hospital or clinic in mind for your medical treatments!

Dr. Jill Gamberg

GP and Lifestyle Coach

Our range of health funds providers

When you compare health funds with us, you’re seeing some of Australia’s most respected and well-established brands. So while you might find one that suits you better than another, they’re all well worth considering.


For over 40 years, ahm has had a single, simple aim: to make Private Health Insurance less complex. And they must be doing something right because they have over 950,000 members.

Backed by Medibank, one of Australia’s largest health insurers, ahm offers Health Insurance that’s flexible and easy to navigate online.

Benefits of joining ahm 

  • Get up to 10% off ahm travel insurance 
  • Enjoy savings on brands such as Specsavers, Goodlife Health Clubs, and OPSM 


A life insurance specialist with 50 years of experience, AIA Australia offers a range of products that protect the financial, health and wellbeing of millions of Australians.

Benefits of joining AIA

  • Access to Vitality, a health and wellbeing program that rewards you for learning about and making small improvements to your health 
  • A 5% discount on your premium for your first year 
  • Earn hundreds of dollars in vouchers to spend on a range of popular retailers each year 

Australian Unity

Australian Unity, established in 1840, is one of Australia’s oldest health insurers.

Benefits of joining Australian Unity 

  • Mix and match your hospitals and extras cover to meet your needs. 
  • Improve your wellbeing with activities on the My Real Wellbeing app. 
  • Save on everyday expenses such as groceries, petrol and movie tickets with The Wellplan Rewards Program. 


Entering the Australian market in 2002 with the goal to ‘prevent, relieve and cure sickness and ill-health of every kind, Bupa has been committed to offer Australians a broad range of services to help improve the nation’s health.

Benefits of joining Bupa

  • Member-only discounts with the Life Rewards program 
  • 10% off at over 300 dining venues 
  • A tiered reward system based on years of membership 


Frank Health Insurance is a not-for-profit health fund that provides affordable Hospital and Extras cover for singles, couples, single parents and families.  

It launched in 2009 but has over 80 years of private health insurance experience from its parent company, GMHBA.

Benefits of joining Frank

  • Discounts on optical and dental for extras policy holders 
  • Telehealth consultations across a range of services
  • Physio and strength training programs with Kieser 
GMHBA partner


GMHBA is an Australian not-for-profit health insurance and care company. They have served the community since 1934, and have become one of Australia’s leading regionally-based private health insurers.

Benefits of joining GMHBA 

  • Trust – GMHBA won the Canstar 2023 Outstanding Value Hospital Cover VIC – Health Insurer Award 
  • Telehealth consultations covered for a range of services 
  • Tune into GMHBA ‘Healthier Together’ podcasts which provide researched and engaging insights into a range of health topics like nutrition and mental health 


HCF has been helping Australians get the most from their health insurance since 1932. 

They won the Canstar National Award for Outstanding Value in Health Insurance for the 7th year in a row (2016 – 2023) and are Australia’s largest not-for-profit health fund. 

Benefits of joining HCF

  • 5% off selected purchases at Ramsay Pharmacies 
  • Discounts on HCF travel insurance and pet insurance 
  • Access to online GP service, GP2U 


Latrobe Health Services is an Australian-owned not-for-profit registered private health insurer with more than 81,000 members across Australia. 

Latrobe won two Canstar awards for most outstanding value hospital and extras policy and hospital policy in Victoria in 2020 and 2021.

Benefits of joining Latrobe Health

  • Hospital and Extras covers to suit all circumstances at affordable prices 
  • Around 90 cents in every dollar received is given back to members’ claims 
  • High quality customer service 


Over 1.7 million Australians and New Zealanders trust their medical and health insurance to nib.  

Whether you’re single and looking for value, a couple wanting to stay fit and well, or keeping up with a busy family, nib provides Hospital and Extras choices to suit your age and life stage.

Benefits of joining nib:

  • 4% off health cover when paying by direct debit 
  • 10% off Australian resident Hospital cover policies for under 30s 
  • Up to 30% off a range of services including natural therapies, spa, and beauty 


TUH is a member-owned health fund that was created 50 years ago for teachers and their families. 

As a not-for-profit health fund, TUH’s profits go towards creating quality health insurance products and services for its members, not its shareholders.

Benefits of joining TUH 

  • Fast, easy claiming through the TUH app 
  • Trust – TUH was voted Private Health Insurer of the Year in the Roy Morgan Customer Satisfaction Awards 2022.  

What else should I consider before choosing a health fund? 

1) Review your current policy

Once people choose a health fund, they tend to stay put. In some cases this is because they believe they’ll have to re-serve waiting periods for particular services on their hospital policy.  

If you were to switch to a higher level of cover with new procedures covered, you’ll most likely need to serve a waiting period for the upgraded services. 

But generally you don’t have to re-serve if you change health funds at the same, or lower level of cover. In fact, legislation guarantees you don’t have to re-serve waiting periods for services you were covered for with your previous fund if you switch funds for hospital cover. This is called continuity of cover.  

So don’t forget to review your current policy to check that your premium is competitive.  

Remember, though, to check the policy’s terms and conditions to ensure you won’t need to re-serve waiting periods before you make a change. 

2) Review your extras

A lot of people opt for Hospital cover as well as general treatment (extras) cover for services like dental, physiotherapy, optical, and others.  

But remember that health funds will vary on what services they offer and what you’ll get back as rebates.  

So make sure your cover meets your needs and is competitively priced. Weigh up the policy’s cost against the services you get and the benefits paid.  

For example, some policies set their benefit limits (for each service) on a per person basis, while others apply family benefit limits on each service. 

3) Let us help

There’s no getting around it; shopping for private health insurance can be tricky business.  

But we can help untangle the maze by comparing policy combinations from our range of participating funds and policies and to help you find a suitable choice quickly and simply.

4) Consider an excess to save

Health funds usually offer hospital policies with either an excess fee, or co-payments, or sometimes both.  

You could save on your premium by agreeing to share the cost of your hospital bill by paying an excess or co-payment.  

Generally, the higher the excess or co-payment you’re willing to pay, the lower your premium.

Excess and co-payments explained:

An excess fee is an upfront payment you agree to pay before hospital benefits are payable.  

The excess is generally applied on each admission into hospital for the year, however, it could be capped at a total amount that you would have to pay in a year. 

A co-payment could be a lesser amount that is paid each day for the services that you receive in hospital. For example, a $50 co-payment for a three day hospital visit would amount to $150. 

Like an excess fee, the co-payment that you pay in a year may be limited to a set amount. Conditions and limits for co-payments and excesses often vary between funds, so it’s important to check your policy to ensure it will suit you and your family.

Ready to look for a health provider?

Well, now you’re ready and armed to choose a health insurance provider. But remember that we’re here to help you compare health insurance policy benefits from our range of providers. To get going, just call us today on 1800 784 772.

Compare health insurance policies the easy way

Save time and effort by comparing a range of Australia’s health funds with iSelect


Need help with health insurance?

We can help you find a suitable product for your needs

iSelect does not compare all health insurance providers or policies in the market. The availability of policies will change from time to time. Not all policies available from its providers are compared by iSelect and due to commercial arrangements, your stated needs and circumstances, not all policies compared by iSelect are available to all customers. Some policies and special offers are available only from iSelect’s contact centre or website. Click here to view iSelect’s range of providers