Does Latrobe Health profit from premium increases?

No. Latrobe Health is a not-for-profit member owned health fund. This means we don’t report to or distribute profits to shareholders. Any net operating margin earned because of a rate increase will be directly added to the fund’s reserves. This ensures future payment of claims, benefits for members and covers our operational costs and overheads (which we keep extremely low each year – around 10c in every dollar).