nib Health Funds Ltd. (NIB)
As one of Australia's fastest growing health funds, nib provides affordable health cover to more than 1,000,000 people nationwide. Established over 60 years ago, nib provides a range of health covers that allow customers to tailor their cover to suit their needs.
nib Health Funds Ltd. provide further information regarding:
- Gap cover doctors
- Agreement hospitals
- Preferred providers
- Overseas students
- Overseas visitors
- Corporate products
This fund has agreements with some private hospitals or day surgeries to provide services at low or no out-of-pocket costs. You can see Agreement Hospitals for this insurer and further details are available from the insurer.
This insurer is a shareholder owned company that operates on a for-profit basis.
nib Health Funds Ltd. operates in all states and territories.
nib Health Funds Ltd. polices are sold under a number of different brands, including:
- AAMI Health Insurance
- Apia Health Insurance
- ING Health Insurance
- Priceline Health Insurance
- Qantas Insurance
- Real Health Insurance
- Seniors Health Insurance
- Suncorp Health Insurance
The Private Health Insurance Ombudsman prepares an annual report on the service delivery and performance of Australian health insurers. The following is a selection of statistics about this health insurer - the full report and an explanation of these figures is available from the Ombudsman's website. Please note information is not provided for some insurers in some states, as there are insufficient numbers reported to APRA for states in which the insurer does not have a large membership.
|Ombudsman complaints compared to market share|
|All complaints||9.3%||9.4% market share|
|Health Insurer Retention and Finances||Industry result|
|Member retention (hospital cover)||81.9%||88.6%|
|Benefits as % of contributions||73.5%||83.1%|
|Management expenses % of contribution income||10.7%||9.9%|
|Management expenses per average policy||$374||$375|
|Hospital Related Charges Covered||77.8%||87.2%||85.7%||84.4%||90.3%||86.5%||89.1%||81.7%||86.4%|
|Medical Services with No Gaps||66.1%||93.2%||90.1%||89.4%||94.1%||93.0%||93.7%||80.5%||91.8%|
|Medical Services with No or Known Gaps||66.2%||93.5%||91.5%||89.8%||94.1%||93.6%||93.9%||80.5%||92.3%|
|General Treatment (extras) Covered||55.5%||55.7%||59.6%||56.5%||60.0%||62.3%||55.2%||58.8%||57.2%|
|Private Hospital Agreements||6||92||69||52||20||21||5||1||-|
|Day Hospital Agreements||8||93||72||45||26||24||9||2||-|