Changing your health fund might seem like a big decision, but the process can be simpler than most people realise. You can switch providers when the time comes, and with some policies, even keep your waiting period progress.
If you’re with a Members Health Fund, contact your fund before switching, as our funds have a variety of different policy options that could suit your needs.
If you’ve spoken to your fund and explored different policies, or are switching from a for-profit fund, switching to a new Members Health Fund could help you find better or more specialised cover and value for money.
How switching works
You do not need to wait until your renewal date to switch. Once you take out a new policy, your new fund can help cancel your old one and transfer your membership details. This includes your claims history and any waiting periods you have already served. Your new fund can even ensure that your coverage starts the day your old one ends, so you’re always protected.
There are no penalties for leaving a fund, and you are free to move to a new one whenever you choose.
Will I have to re-serve waiting periods?
In most cases, no. If you switch to a policy that has the same level of cover or lower, your new fund must honour the waiting periods you have already completed.
If you upgrade to a higher level of cover or add services that were not previously included, you may need to wait before claiming on the new benefits. This rule applies to both hospital and extras cover.
What to check before you switch
- Look at what the policy covers and what it excludes.
- Compare premiums, excess amounts, and out-of-pocket costs.
- Make sure the services you use regularly are included, and that the policy suits your needs and stage in life.
- If you’re with a Members Health Fund, contact your fund to explore incentives, discounts, additional policy options or better deals.
It is also a good idea to check how long you can keep claiming benefits under your current policy before switching. Some funds offer loyalty bonuses or annual limits that reset when you leave.
Why consider a Members Health Fund?
Members Health Funds are focused on fairness, transparency, and putting members first. If you’re thinking about switching, this is a great place to start. You’ll find policies that are built around real people, with service and support you can count on.