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CBHS Health Insurance

Megan Fraser Fact Checked Updated: 27 September 2023
Types of Health Insurance
CBHS health insurance offers private health insurance exclusively for past or present Commonwealth Bank of Australia employees, contractors, and immediate family members. If you’re an eligible first-timer or looking to switch from your current insurer, find out more about this in our review.

Take a closer look at their plans and benefits to see if their offering can work for you. Check if this insurer offers the cover you need, if they provide real value for money, or whether they exclude cover for anything that might be important to you.

Top 3 features of cover from this insurer:

  1. 4 Hospital options and 3 Extras policy options.
  2. Great member discounts, wellness benefits and health management programmes.
  3. Offers cover for current or former employee of the Commonwealth Bank Group

ComparingExpert does not currently have access to this provider. Visit CBHS to request a quote and compare their price and benefits to the Australian private health insurance companies we have access to.

About this fund

CBHS health insurance is a not-for-profit insurer that has been around since 1951. The insurer serves 230,000 Australians with their members’ first approach. They boast paying out more benefits, reinvesting profits into the fund and lower margins. This insurer typically aims to provide affordable Hospital, Extras and Packaged cover options. Their policies are exclusively available to individuals who are current or former employees of the Commonwealth Bank Group (CBA) and its subsidiaries.

This private health fund is a ‘not-for-profit’ organisation, which means they do not owe profit dividends to shareholders. This gives them the freedom to invest in improving their product offerings, including membership discounts, customer support services, and healthcare initiatives.

Who is eligible to join?

While this fund is only available to those who work for or used to work for Commonwealth Bank Group and its subsidiaries, family members of employees can also receive cover. For example, if you worked for the Commonwealth Group Bank five years ago, your ex-wife is still eligible to get cover from this insurer. 

People eligible to join:

Cover Options

This fund offers a range of cover options, including Hospital Cover, Extras Cover, Packaged Cover, Ambulance Cover and Dependent Cover. These allow for claims for a range of health treatments and services.

Hospital cover

This insurer has tailored Hospital Cover options to suit customers’ varying needs. Benefits are paid towards the cost of in-hospital treatment with your choice of doctor.

PlanMonthly PremiumBenefits
Basic Plus Hospital Cover$126.23Budget-conscious cover which includes:
  • Emergency ambulance services
  • The ability to choose your doctor in a public hospital
  • Hospital Substitute Treatment and Better Living programs
Limited Hospital Cover (Bronze plus)$158.73Mid-level cover that excludes pregnancy or hip and knee replacements but includes:
  • Joint reconstructions
  • Ear, nose and throat
  • Coverage for dental surgery, insulin pumps, dialysis and back, neck and spine treatment are not mandatory as part of Bronze cover. We’ve included them.
  • Emergency ambulance services
  • Hospital Substitute Treatment and Better Living programs
Active Hospital Cover (Silver plus)$177.19Generous CHBS claims benefits for in-hospital care, including:
  • Joint reconstructions
  • Dental surgery
  • Bone, joint and muscle
  • Coverage for dialysis, insulin pumps, sleep studies, and cataract surgery is not mandatory as part of Silver cover. We’ve included them.
  • Emergency ambulance services
  • Hospital Substitute Treatment and Better Living programs
Comprehensive Hospital Cover (Gold)$217.32Gold standard benefits including cover for:
  • Pregnancy and birth
  • Joint replacements
  • Weight loss surgery
  • Emergency ambulance services
  • Hospital Substitute Treatment and Better Living programs

Source: March 2021 (Estimates for Singles Cover, no dependents, in NSW)

Extras cover

CBHS health fund further offers Extras cover for day-to-day treatments and associated expenses. Extras Cover options have various benefits such as CBHS dental cover and more to suit varying lifestyles.

PlanMonthly PremiumBenefits
Essential Extras Cover$34.58Affordable cover includes preventative dental, general dental, chiro and more.
Intermediate Extras Cover$53.82Mid-level cover includes preventative dental, general dental, endodontics, physio, chiro, osteopathy, podiatry and more.
Top Extras Cover$90.52Comprehensive cover includes dental, physio, chiro, osteopathy, occupational therapy, speech therapy, clinical psychology, podiatry, audiology, massage therapies and more.

Source: March 2021 (Estimates for Singles Cover, no dependents, in NSW)

Packaged Cover

Combining Hospital and Extras cover gives you four Packaged options to choose from to cover in-hospital treatments and everyday health services.

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CBHS Ambulance Cover

This insurer offers protection in the event of an emergency. Hospital plans come with automatic coverage for emergency ambulance transport. Ambulance Cover is available separately to cover you for emergency ambulance services if you are transported directly to a licensed hospital or treated at the scene during a medical emergency.

Additional Benefits of cover with this insurer

To create health insurance policies that provide you with real value for money while also helping you enjoy a healthier life, this fund offers various benefits. Depending on your policy, you could have access to:

Frequently asked questions

  • Is CBHS a good health fund?

    There are advantages to joining a not-for-profit health fund because of their reported lower margins and benefits range. This insurer offers a range of plans with varying benefits and costs. It’s best to compare available plans with your specific needs and requirements to choose the best plan for you.
  • What does CBHS Health Fund stand for?

    It stands for Commonwealth Bank Health Society which was started by the Commonwealth Bank of Australia in 1951 to provide cost-effective health care.
  • Who can join CBHS?

    CBHS offers health insurance to eligible members. Eligible members include past and present employees and contractors of the Commonwealth Bank of Australia and their family members.
  • Does CBHS cover MRI?

    This insurer provides benefits towards scans, screenings and tests if Medicare does not cover these. Medicare will cover an MRI if the test has been prescribed by a doctor who accepts Medicare as a means to make a diagnosis and advise on the necessary treatment.
  • Does CBHS cover laser eye surgery?

    Their Comprehensive Hospital Cover (Gold) offers restricted benefits for services that Medicare does not cover. Examples of such services include cosmetic services, podiatric surgery and laser eye surgery.

Other topics

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