Not-for-Profit Health Insurance
We’re a not-for-profit health fund, which means our members come first. Everything we do, we do for our community.
What is not-for-profit health insurance?
We put your health before profits because you're a member, not a customer.
Unlike commercial health funds, not-for-profit health insurance means any profit we make at GMHBA gets reinvested back into our members, our services, our team and our community. We don’t have shareholders or overseas investors, so we’re not obliged to chase endless growth. Truth be told, we’re more interested in supporting the health of our members. That’s what private health insurance is for.
Why choose GMHBA?
Accidents happen. That’s why when you take out any new GMHBA hospital cover you get accident protection✝.
We've added an excess waiver to same day hospital procedures on all eligible* hospital covers.
All GMHBA hospital covers come with emergency ambulance cover§ as standard for eligible states.
We’re part of the Australian Health Service Alliance
The Australian Health Services Alliance represents a number of private health insurance funds, including us.
This means GMHBA can usually get better financial agreements with private hospitals, and access to an improved medical gap scheme.
Both of these can help reduce our members’ out-of-pocket expenses.
Canstar approved, four years in a row!
GMHBA has done it again with Canstar’s 2025 Winner of Outstanding Value Award – Hospital & Extras Insurance: VIC. We are proud to provide Australians with 5 star health cover for our hospital and extras products.
Health programs and support
Receive eligible hospital-level treatment in the comfort of your own home, helping you recover in familiar surroundings while remaining under clinical care.
Access rehabilitation support at home, including physiotherapy, occupational therapy and nursing services, if you're eligible.
Improve, manage or recover your heart health with tailored education, coaching and rehabilitation programs available to eligible members.
If you're living with complex health needs, our care coordination team can help connect you with the right services and support throughout your healthcare journey.
Access expert guidance, education and practical support throughout pregnancy and the early stages of parenthood through our partnership with Nourish Baby.
Build healthier habits with a personalised program designed to support sustainable weight management and long-term wellbeing.
At your service
Personal, attentive service. That’s something that really sets GMHBA apart. Whether it’s in-branch or over the phone, our Geelong-based contact centre team is always there for you.
A true community health fund
As a non-profit health fund, being community-minded comes with the territory. GMHBA has a proud tradition of supporting our local community, through events, health webinars, partnerships and employee engagement programs.
We partner with groups like The Resilience Project and Read the Play to support the health of our community.
GMHBA employees get one day of paid volunteer leave per year. It’s just another way we’re giving back.
Caring since 1934
GMHBA was born and bred in Geelong. From our humble beginnings in 1934, we’ve grown to become one of Australia’s leading regionally-based health insurers.
In other words, we’re more than just a health fund – we’re part of the community. And through our sponsorships, health events and volunteering, we try and give back wherever we can.
Frequently asked questions about not-for-profit health insurance
Not-for-profit health insurance means private health insurance run for members, not shareholders. Instead of trying to create profit from our premiums, GMHBA returns value back to our members and the local community. It’s how we’re able to offer competitive premiums and services, and great value health insurance.
Healthcare in Australia is provided by two systems that complement each other: public and private. Healthcare accessed through the public system is funded by the federal government through Medicare (ultimately by taxpayers). Services accessed through the private system are funded by a mix of government and individuals (including health insurance funds). Your private health premiums go towards these services and benefits.
✝Not available on pregnancy and birth related services and podiatric surgery. Accident must be an unforeseen event occurring by chance and caused by an external force or object, which results in involuntary injury to the body. Injuries must be treated within 48 hours by a doctor or emergency department, and hospital admission within 90 days. Injuries resulting from alcohol or not prescribed drug use are not covered. Hospital excess and out of pocket costs may apply.
§GMHBA covers emergency ambulance services by a recognised provider Australia wide. This doesn't include cover for non-emergency ambulance transport ie. from a hospital to your home or ambulance transfers between hospitals. Publicly funded ambulance services and State Government transport schemes are excluded (eg.TAS/NSW/ACT/QLD)
*All open covers