Teachers Health announces premium freeze and extras rollover

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Teachers Health Group – incorporating Teachers Health, Nurses & Midwives Health and UniHealth – has announced an extensive member support package including the freezing of current rates and the rollover of unused Extras annual limits.

The company said the move is designed to give back to members and recognise the impacts of COVID-19 restrictions.

It means the group will freeze all premiums at current rates for one year - in place until 1 October 2022 - and rollover all unused Extras annual limits on 1 January 2022.

It has previously announced the extension of a range of support including a deferral of the 1 April 2020 premium increase, benefits for an extended range of telehealth services, cover for COVID-19 hospital admissions and financial hardship relief.

“As a not-for-profit health fund, our members are at the heart of everything we do," said Teachers Health Group CEO Brad Joyce.

“From the outset, we made a commitment to not profit from the pandemic. Today we’re delivering on this promise to give back savings that 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 take our first steps out of the pandemic. The rollover of unused 2021 Extras benefits annual limits into 2022 means that our members can 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,” continued Brad Joyce.

“They have adapted and found new critical ways of delivering their services and care. They’ve put our communities first, and we’re committed to putting them first in everything we do”.