Teachers Health has announced a new member support package that will be worth more than $13.1 million in 2022.
Teachers Health, which is a not-for-profit private health insurer that also incorporates UniHealth and Nurses & Midwives Health, says the new package builds on support already provided since the start of the COVID-19 pandemic.
It also recently announced an average premium increase in 2022 of 2.17 per cent compared to the industry average of 2.7 per cent.
However, it also announced it will defer the increase until 1 October and roll over unused Extras annual limits from 2021.
"The deferral of the 2022 premium increase alone is estimated to provide $13.1 million in savings for members," it said.
Teachers Health has also announced a range of Extras benefits improvements from 1 April 2022, as well as permanent telehealth benefits for selected services and an expanded optical preferred provider network.
“As a not-for-profit health fund, our members are at the heart of everything we do,” said CEO Brad Joyce.
“From the outset, we made a commitment not to profit from the pandemic. Today we’re delivering on this promise to give back savings that been realised to provide a genuine benefit to our members.
“We know that affordability is a key issue that many Australians are facing. The decision to freeze premiums at current rates is designed to ease financial pressures as we continue to navigate the pandemic. The rollover of unused 2021 Extras benefits annual limits into 2022 means that our members have another year to utilise any unused benefits to focus on improving their health and wellbeing.
“The COVID-19 pandemic has had a significant impact on our members – Australia’s teachers, educators, nurses and midwives.
“They have adapted and found new critical ways of delivering their services and care. They’ve put our communities first at considerable personal risk, and we’re committed to putting them first in everything we do.”