At Peoplecare, we genuinely love people. And that means giving you more of the things you love and less of the things you don’t. We love giving our members the best possible cover at the lowest possible price – we’re thrilled that Australian Financial Review’s Smart Investor magazine named Peoplecare the #1 open health fund in Australia in December 2014!
What is Members Own Health Funds all about?
Members Own Health Funds is a new alliance between 18 not-for-profit and mutual health funds in Australia. It’s been created to help these health funds by coming together to better communicate all of the advantages we give our members, compared to investor-driven or overseas-owned health funds. Between us, Members Own cover 2.5 million members throughout the country!
What makes Members Own Health Funds different?
Members Own wants to get the message out that there’s an alternative to the big, profit-driven health funds.
Members Own health funds treat you like a person, not a policy number or a profit centre and are focussed on giving more back and doing more for our members. Members Own health funds give you better service, have higher member satisfaction and loyalty, and receive fewer complaints than for-profit or overseas-owned health funds*.
For more info about Peoplecare’s range of health covers, click the button below to use our handy Quick Quote.
If you’d rather chat to a Peoplecarer, give us a buzz on 1800 808 700.
|The facts, plain & simple
- Members Own Health Funds are run to benefit members.
All Members Own health funds are Australian owned and operated. They don’t have investors or overseas owners. They exist to provide more premium dollars back to you and your family in benefits.
On the other hand, household name insurance companies like Medibank, AHM, and nib are driven by investors to maximise profits they can extract from you, and Bupa returns profits to its overseas owners.
2. With a Members Own Health Fund, you’re a person not a profit centre.
Members Own funds have members, not policy holders. And because they exist to benefit members, they don’t pay dividends to investors. Profits are reinvested to provide better health benefits and better service to you and your family.
So if you’re with a Members Own fund you’ll always be treated as a person, not a number or a profit centre.
3. Members Own Health Funds give more back to members.
Over the past five financial years, Members Own Health Funds have collectively given a higher percentage of premiums back to members in benefits than have Medibank, AHM, nib and Bupa combined. More of your premium dollar comes back to you in benefits.
4. Members Own Health Funds provides better, more personal service.
Over the past five financial years, Members Own Health Funds have collectively had higher members retention rates of 2+ years and lower rates of complaints to the Private Health Insurance Ombudsman compared with Medibank, AHM, nib and Bupa combined.
The data used to support Members Own facts has been independently validated by KPMG. To access the report, click here to access the report.
*Based on paid benefits as a percentage of premiums and on member retention rates of 2+ years and complaints to the Private Health Insurance Ombudsman. Claims based on five year average, aggregated outcomes of Members Own Health Funds versus the group comprising Medibank, AHM, nib and Bupa.