Health insurance companies to give eligible Aussies up to $620 cash back

  • 📰 7NewsAustralia
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 71%

United States News News

United States United States Latest News,United States United States Headlines

Australians with private health insurance are about to receive $1.6 billion in cashback sums from five of the nation’s largest providers. 7NEWS

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US

United States United States Latest News, United States United States Headlines