Watch the latest News on Channel 7 or stream for free onHealth insurance providers Bupa, Medibank, CUA, HBF, and AIA have all committed to sharing their pandemic profits with eligible policyholders.
argued that restrictions on non-urgent elective surgery during the pandemic would likely result in “windfall” profits for health insurers.on the government at the time to step in and “oversee the return of any profits to customers, to ensure it actually happens and is done equitably”.Am I eligible? BUPA will attempt to contact customers, saying: “You will receive a communication from us that outlines how much you’ll get back.Payback amounts will vary from state to state, depending on how severely the area was affected by the pandemic.
Medibank’s pandemic profit share will be offered in the form of an extended pause on premium increases, in addition to some cashback sums for eligible customers.You’re eligible to receive money back if you were the holder of a resident hospital or extras policy between 1 January 2022 and 30 June 2022.
If Medibank doesn’t have your bank details, you will receive the free days of cover to the equivalent value.Insurance company HBF acquired CUA Health last year, so the companies’ commitments are largely the same.HBF has already paid 410,000 eligible policyholders who held a policy between 25 March 2020 and 30 June 2020.
Meaning the wealthy
It’s a spit in the ocean of the members contributions to one of the worst officially sanctioned scams perpetrated on the Australian people. SenKatyG GrahamPerrettMP