As many Australians face financial struggles due to the increased cost of living, a health insurance company’s recent announcement will surely be helpful for its 1.8 million eligible policyholders.

Bupa has announced that it would give out a $75 million total cashback to its eligible policyholders, with most due to be transferred before Christmas!

People will receive payments of between $47 and $344 in their bank accounts depending on the type of policy they have availed. The transfer will be processed automatically.

Eligible policyholders will share a total of $75 million cashback from health insurance company Bupa. Image source: benwhitephotography on Unsplash.

Australian residents who hold a domestic private health cover policy with Bupa for three months—between July 1, 2022, and June 30, 2023—will be eligible for this cash boost.

However, international members without a domestic extras policy, who held an Overseas Visitor Cover (OVC) hospital policy, Overseas Student Health Cover (OSHC) hospital policy, or an ambulance-only policy, are ineligible for this scheme.

This is the third cashback initiative rolled out by Bupa this year as part of their cost-of-living support and COVID-19 support packages. Their June 2023 announcement saw them give out $320 million to its members, while a six-month freeze on 2023 premiums until October 2023 worth $154 million was announced back in March 2023 as well.

'We’re topping up our members’ cashback to a total of $395 million which we hope will support them through the current cost of living challenges and with their health and wellbeing,' said Bupa’s Managing Director Chris Carroll.

'The money will go directly into our members’ bank accounts, giving them more choice to use the money in a way that is most valuable to them.'

Carroll advised customers to confirm if their bank details are still up-to-date with Bupa to ensure a smooth transfer.

'The money will be paid using the same bank details from the previous cashbacks, so I encourage our members to make sure their details are up-to-date with us,' Caroll added.

In similar news, private health insurer HCF Health Fund had recently announced $40 million worth of cashback for their 1.8 million customers as part of their pandemic savings support package.

The insurance provider previously returned $130 million to policyholders in 2022, and since the start of the pandemic, HCF says they have released $536 million in benefits.

'We recognise the current pressures on household budgets being faced by our members and have kept our promise to continue passing on any COVID-19 savings,’ Sheena Jack, CEO of HCF, said.

‘This additional cash back is another way HCF is putting its money where our members are.'

You can read more about this story here!

Key Takeaways

• Health insurance company Bupa has announced a $75 million profit-sharing initiative for its 1.8 million eligible policyholders.
  
• Payments ranging from $47 and $344 will begin being transferred into bank accounts in November, with most expected to arrive before Christmas.
  
• This cashback scheme is the third profit-sharing initiative Bupa has launched this year as part of its efforts to alleviate the cost of living and assist with COVID-19-related savings.
  
• Bupa's Managing Director, Chris Carroll stated the funds would support members with the current cost of living challenges and go directly into their bank accounts, giving them the freedom to use the money in a way that is most suitable for them.
  

Members, have you ever experienced receiving cashback from your insurance policies? Share your experience with us in the comments below!

 

[Suzanne rose]

Hopefully AHM will follow

 

[wendell]

ha ha I’m with BUPA and I can’t remember better go on line and check my details are there thanks letting us know

 

[mustang]

wonder if HBF will ???

 

[Caleb000000]

Wonder if Qld Country Health will.

 

[Meredy Andrew]

So, this to me poses the question as to why we are constantly being charged higher premiums for our cover. If they can afford to give money back, why charge us in the first place. Just saying!

 

[Dolg]

As many Australians face financial struggles due to the increased cost of living, a health insurance company’s recent announcement will surely be helpful for its 1.8 million eligible policyholders.

Bupa has announced that it would give out a $75 million total cashback to its eligible policyholders, with most due to be transferred before Christmas!

People will receive payments of between $47 and $344 in their bank accounts depending on the type of policy they have availed. The transfer will be processed automatically.

View attachment 30958

Eligible policyholders will share a total of $75 million cashback from health insurance company Bupa. Image source: benwhitephotography on Unsplash.

Australian residents who hold a domestic private health cover policy with Bupa for three months—between July 1, 2022, and June 30, 2023—will be eligible for this cash boost.

However, international members without a domestic extras policy, who held an Overseas Visitor Cover (OVC) hospital policy, Overseas Student Health Cover (OSHC) hospital policy, or an ambulance-only policy, are ineligible for this scheme.

This is the third cashback initiative rolled out by Bupa this year as part of their cost-of-living support and COVID-19 support packages. Their June 2023 announcement saw them give out $320 million to its members, while a six-month freeze on 2023 premiums until October 2023 worth $154 million was announced back in March 2023 as well.

'We’re topping up our members’ cashback to a total of $395 million which we hope will support them through the current cost of living challenges and with their health and wellbeing,' said Bupa’s Managing Director Chris Carroll.

'The money will go directly into our members’ bank accounts, giving them more choice to use the money in a way that is most valuable to them.'

Carroll advised customers to confirm if their bank details are still up-to-date with Bupa to ensure a smooth transfer.

'The money will be paid using the same bank details from the previous cashbacks, so I encourage our members to make sure their details are up-to-date with us,' Caroll added.

In similar news, private health insurer HCF Health Fund had recently announced $40 million worth of cashback for their 1.8 million customers as part of their pandemic savings support package.

The insurance provider previously returned $130 million to policyholders in 2022, and since the start of the pandemic, HCF says they have released $536 million in benefits.

'We recognise the current pressures on household budgets being faced by our members and have kept our promise to continue passing on any COVID-19 savings,’ Sheena Jack, CEO of HCF, said.

‘This additional cash back is another way HCF is putting its money where our members are.'

You can read more about this story here!

Key Takeaways

• Health insurance company Bupa has announced a $75 million profit-sharing initiative for its 1.8 million eligible policyholders.
• Payments ranging from $47 and $344 will begin being transferred into bank accounts in November, with most expected to arrive before Christmas.
• This cashback scheme is the third profit-sharing initiative Bupa has launched this year as part of its efforts to alleviate the cost of living and assist with COVID-19-related savings.
• Bupa's Managing Director, Chris Carroll stated the funds would support members with the current cost of living challenges and go directly into their bank accounts, giving them the freedom to use the money in a way that is most suitable for them.

Members, have you ever experienced receiving cashback from your insurance policies? Share your experience with us in the comments below!

Wow I'm so impressed with two medical funds giving cash back to their members, I'm an 81yo senior pensioner & have NEVER received one cent from mine,i rarely have to use my medical insurance but my payments still go to them,it is very hard to get by on a pension, cost of living is well above the pension. Once again I would like to congratulate the two medical insurance people for having compassion for their members, let's see if HBF can have the same consideration for their members. God bless & have a happy day.

 

[MarieT]

I was very happy and surprised to get a shopping voucher from my Health fund HCF before Christmas last year.

 

[Aussie all the Way]

Wouldn't it be better if they didn't put the Premiums up each year, big deal they are going to give you a quarter of the amount they are putting it up by, not mine though it's going up by $200 with HCF and I bet I won't get that in a voucher and I did not get anything last year. Private health what a joke covers nothing and goes up and up and up.

 

[Robynann]

Wouldn't it be better if they didn't put the Premiums up each year, big deal they are going to give you a quarter of the amount they are putting it up by, not mine though it's going up by $200 with HCF and I bet I won't get that in a voucher and I did not get anything last year. Private health what a joke covers nothing and goes up and up and up.

HCF have sent an email, I am getting $200

 

[Aussie all the Way]

HCF have sent an email, I am getting $200

Lucky you, no email for me YET. Wont hold my breath.

 

[Andrew]

As many Australians face financial struggles due to the increased cost of living, a health insurance company’s recent announcement will surely be helpful for its 1.8 million eligible policyholders.

Bupa has announced that it would give out a $75 million total cashback to its eligible policyholders, with most due to be transferred before Christmas!

People will receive payments of between $47 and $344 in their bank accounts depending on the type of policy they have availed. The transfer will be processed automatically.

View attachment 30958

Eligible policyholders will share a total of $75 million cashback from health insurance company Bupa. Image source: benwhitephotography on Unsplash.

Australian residents who hold a domestic private health cover policy with Bupa for three months—between July 1, 2022, and June 30, 2023—will be eligible for this cash boost.

However, international members without a domestic extras policy, who held an Overseas Visitor Cover (OVC) hospital policy, Overseas Student Health Cover (OSHC) hospital policy, or an ambulance-only policy, are ineligible for this scheme.

This is the third cashback initiative rolled out by Bupa this year as part of their cost-of-living support and COVID-19 support packages. Their June 2023 announcement saw them give out $320 million to its members, while a six-month freeze on 2023 premiums until October 2023 worth $154 million was announced back in March 2023 as well.

'We’re topping up our members’ cashback to a total of $395 million which we hope will support them through the current cost of living challenges and with their health and wellbeing,' said Bupa’s Managing Director Chris Carroll.

'The money will go directly into our members’ bank accounts, giving them more choice to use the money in a way that is most valuable to them.'

Carroll advised customers to confirm if their bank details are still up-to-date with Bupa to ensure a smooth transfer.

'The money will be paid using the same bank details from the previous cashbacks, so I encourage our members to make sure their details are up-to-date with us,' Caroll added.

In similar news, private health insurer HCF Health Fund had recently announced $40 million worth of cashback for their 1.8 million customers as part of their pandemic savings support package.

The insurance provider previously returned $130 million to policyholders in 2022, and since the start of the pandemic, HCF says they have released $536 million in benefits.

'We recognise the current pressures on household budgets being faced by our members and have kept our promise to continue passing on any COVID-19 savings,’ Sheena Jack, CEO of HCF, said.

‘This additional cash back is another way HCF is putting its money where our members are.'

You can read more about this story here!

Key Takeaways

• Health insurance company Bupa has announced a $75 million profit-sharing initiative for its 1.8 million eligible policyholders.
• Payments ranging from $47 and $344 will begin being transferred into bank accounts in November, with most expected to arrive before Christmas.
• This cashback scheme is the third profit-sharing initiative Bupa has launched this year as part of its efforts to alleviate the cost of living and assist with COVID-19-related savings.
• Bupa's Managing Director, Chris Carroll stated the funds would support members with the current cost of living challenges and go directly into their bank accounts, giving them the freedom to use the money in a way that is most suitable for them.

Members, have you ever experienced receiving cashback from your insurance policies? Share your experience with us in the comments below!

As many Australians face financial struggles due to the increased cost of living, a health insurance company’s recent announcement will surely be helpful for its 1.8 million eligible policyholders.

Bupa has announced that it would give out a $75 million total cashback to its eligible policyholders, with most due to be transferred before Christmas!

People will receive payments of between $47 and $344 in their bank accounts depending on the type of policy they have availed. The transfer will be processed automatically.

View attachment 30958

Eligible policyholders will share a total of $75 million cashback from health insurance company Bupa. Image source: benwhitephotography on Unsplash.

Australian residents who hold a domestic private health cover policy with Bupa for three months—between July 1, 2022, and June 30, 2023—will be eligible for this cash boost.

However, international members without a domestic extras policy, who held an Overseas Visitor Cover (OVC) hospital policy, Overseas Student Health Cover (OSHC) hospital policy, or an ambulance-only policy, are ineligible for this scheme.

This is the third cashback initiative rolled out by Bupa this year as part of their cost-of-living support and COVID-19 support packages. Their June 2023 announcement saw them give out $320 million to its members, while a six-month freeze on 2023 premiums until October 2023 worth $154 million was announced back in March 2023 as well.

'We’re topping up our members’ cashback to a total of $395 million which we hope will support them through the current cost of living challenges and with their health and wellbeing,' said Bupa’s Managing Director Chris Carroll.

'The money will go directly into our members’ bank accounts, giving them more choice to use the money in a way that is most valuable to them.'

Carroll advised customers to confirm if their bank details are still up-to-date with Bupa to ensure a smooth transfer.

'The money will be paid using the same bank details from the previous cashbacks, so I encourage our members to make sure their details are up-to-date with us,' Caroll added.

In similar news, private health insurer HCF Health Fund had recently announced $40 million worth of cashback for their 1.8 million customers as part of their pandemic savings support package.

The insurance provider previously returned $130 million to policyholders in 2022, and since the start of the pandemic, HCF says they have released $536 million in benefits.

'We recognise the current pressures on household budgets being faced by our members and have kept our promise to continue passing on any COVID-19 savings,’ Sheena Jack, CEO of HCF, said.

‘This additional cash back is another way HCF is putting its money where our members are.'

You can read more about this story here!

Key Takeaways

• Health insurance company Bupa has announced a $75 million profit-sharing initiative for its 1.8 million eligible policyholders.
• Payments ranging from $47 and $344 will begin being transferred into bank accounts in November, with most expected to arrive before Christmas.
• This cashback scheme is the third profit-sharing initiative Bupa has launched this year as part of its efforts to alleviate the cost of living and assist with COVID-19-related savings.
• Bupa's Managing Director, Chris Carroll stated the funds would support members with the current cost of living challenges and go directly into their bank accounts, giving them the freedom to use the money in a way that is most suitable for them.

Members, have you ever experienced receiving cashback from your insurance policies? Share your experience with us in the comments below!

Some time ago we got a payment from BUPA. Recently we got a letter informing us that that there will be NO increase to our current premium. Any cashback we get will be a bonus.