Skip to content   Skip to footer navigation 

Westfund members need to act now

Private health fund Westfund will increase insurance premiums on 1 August 2022.

Westfund health insurance logo on a grey background
Last updated: 19 July 2022


Checked for accuracy by our qualified fact-checkers and verifiers. Find out more about fact-checking at CHOICE.

Need to know

  • Westfund will increase its health insurance premiums on 1 August 2022 by 2.4% 
  • If you prepay by 31 July, you can lock in your current premium for up to 12 months
  • Westfund is nonprofit and its members are mainly based in regional New South Wales and Queensland

Westfund will increase its health insurance premiums on 1 August 2022 by an average of 2.4%.

This compares with an average premium increase of 2.7% and is lower than the premium increases of Australia's five major health funds. Four of the five major funds have also delayed their premium increases until later this year:

  • NIB – 2.66% increase from 1 November 2022
  • HCF – 2.72% from 1 November 2022
  • Medibank – 3.10% from 1 October 2022
  • Bupa – 3.18% from 1 October 2022.

How to save on your Westfund health insurance premium

You can review your private health insurance at any time to see if you're getting the best deal (it's good practice to do it at least once a year). With thousands of health insurance policies on the market it can be hard to make sense of your options, so our insurance experts developed a tool that lets you compare health insurance so you can find cover that works for you, and potentially save yourself hundreds of dollars.

If you decide your current policy is good value for money and suits your needs, prepay your premium by 31 July 2022. This is an excellent way to save money as it 'locks in' your current premium and means you'll avoid the annual price increase for up to 12 months.

Westfund discounts

Westfund does not give a discount for pre-paying or paying by direct debit. However, they give youth discounts to people up to the age of 30 on some of their hospital policies. Youth discounts are transferable, so you can transfer a discount from another fund to one of these policies.

Who is Westfund?

Westfund began its life as a nonprofit health fund for miners in 1953 and continues to focus on local communities today, particularly in regional New South Wales and Queensland. It has more than 120,000 members and is part of Members Health, an alliance of nonprofit and mutual health funds.

How does Westfund rate?

Gap cover rating

How well does Westfund protect its members from out-of-pocket costs?

  • New South Wales  – Above average (the second-highest rating).
  • Everywhere else – Average.

Complaints rating

Westfund has a High rating for complaints.

The complaints rating is based on complaints lodged with the Private Health Insurance Ombudsman. See our round-up of the most complained about health funds.

Five steps to better, cheaper health insurance

Want to change health insurance policies but not sure where to start? Our experts have put together a handy five-step action plan to help you through the process of reviewing, comparing and switching your health insurance policy. 

Just a few minutes could potentially save you hundreds of dollars a year: one of our editors saved herself over $1800 annually just by reviewing and switching cover for her young family. 

Follow these five easy steps below.

We care about accuracy. See something that's not quite right in this article? Let us know or read more about fact-checking at CHOICE.

Stock images: Getty unless otherwise stated.