Westfund to return up to $6 million to members in August
Lithgow, NSW: For the third year in a row, Australia’s leading regional, member-owned health fund will return millions in claims savings to members.
Westfund Health Insurance will give back a record amount of approximately $6 million to eligible members this August, taking its total return to members over the past three years up to $16.8 million.
Westfund CEO, Mark Genovese, said it was pleasing to be in a position to give money back to members so soon after the last giveback, particularly at a time where every little bit counts.
“As a not-for-profit health fund, our members are our focus. Everything we do is about supporting them on their health and wellbeing journey while making it as affordable as possible,” Mr Genovese said.
“We know many of our members are experiencing financial hardship due to the rising cost of living. We’re fortunate to be in a position for the second time this year to provide them with some relief.
“We stand by our commitment to putting people before profit, and this is once again demonstrated by our largest claims savings return of approximately $6 million this year. We exist because of our members and are here to help in any way we can,” he said.
Eligible members will receive formal communication on the exact amount of their giveback in late July, with money expected to be returned in August. Westfund Health Insurance is a not-for-profit private health fund providing healthcare cover for over 135,000 members, with origins dating back to 1881.