Does Latrobe Health profit from premium increases?

No. Latrobe Health is a not-for-profit, member owned health fund, which means we don’t report to shareholders and we don’t pay out profits. If there is a surplus from a premium increase, that money is added directly back into the fund’s reserves. 

These savings help us: 

• pay for future member claims 

• improve the benefits we offer, and  

• cover operational costs and overheads (which are quite low – around 10 cents in every dollar). 

Because we are not-for-profit, any surplus is used to improve services for our members, and enhancing support for community programs aligned with our purpose and member needs, not paid out to shareholders. Our focus is always on delivering quality cover and exceptional service for our members.