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We’re returning $3 million dollars to our Members in June 2023!
Although diminishing, the impacts of COVID-19 on the health system are still evident and this continues to result in lower-than-expected claims.
As a Member-focused organisation, extra profits that Territory Health Fund make are usually put back into things that matter most to our Members such as increasing benefits and keeping premium increases as low as possible.
Every little bit counts and in recognition of Members continued support, Territory Health Fund is again pleased to announce that we’re returning $3 million in profits to eligible Members in June 2023.
Members who held an active Hospital and/or Extras policy between 1 July 2022 and 31 May 2023 are eligible to receive a return, providing they are financial at the time we process the payment.
This giveback reaffirms our commitment to our Members and continues our impressive series of givebacks over the past 18 months. Territory Health Fund has given back a total of $8.5 million in profits to its valued Members.
Queensland Country is committed to assisting our Members and this payment is a further extension of our COVID-19 support package which included:
- Giving $3 million in profits back to Members in December 2022
- Giving $2.5 million in profits back to Members in December 2021
- Delaying our 2020 premium increase from 1 April 2020 to 1 October 2020
- Providing over 400 Members with a One Month Assistance payment
- Allowing over 330 Members to suspend their policy due to financial hardship
Our team will be in touch with all eligible Members from 13 June 2023 to advise of the amount they will be receiving in June 2023.