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CBHS Health Fund

CBHS

70Score
★★★★☆4.0

Customer satisfaction · 100K members

Canstar: Featured(2025)

CBHS is a restricted not-for-profit health fund originally created for Commonwealth Bank employees. It also operates CBHS Corporate for open membership. Known for conservative financial management, high claims payout ratios, and strong digital member services.

Overall Score

70/100

Founded

1951

Headquarters

Sydney, New South Wales

Type

private
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Key Metrics

Structure

Restricted membership, not-for-profit

Eligibility

CBA-affiliated (core fund); open via CBHS Corporate

Claim Payout Ratio

High

Management

Conservative financial approach

Editorial Ratings

Canstar: Featured(2025)

Rating: Regularly featured in comparisons (max: 5 Stars / Outstanding Value)

70Canstar

Coverage Highlights

  • ✓Not-for-profit with value returned to members
  • ✓CBHS Corporate provides open-membership option
  • ✓Strong digital member services
  • ✓Conservative, well-managed fund
  • ✓High claims payout ratios

Pros

  • ✓Not-for-profit with value returned to members
  • ✓CBHS Corporate provides open-membership option
  • ✓Strong digital experience
  • ✓Conservative financial management

Cons

  • ✗Core fund restricted to CBA-affiliated members
  • ✗Small fund
  • ✗Limited provider agreements in some areas

Frequently Asked Questions

Who can join CBHS?

The core CBHS fund is restricted to Commonwealth Bank (CBA) employees and affiliated members. However, CBHS Corporate is available to all Australians as an open-membership option.

What is CBHS Corporate?

CBHS Corporate is an open-membership health fund operated by CBHS, available to anyone in Australia regardless of employer affiliation. It shares the same not-for-profit values as the restricted CBHS fund.

Is CBHS a not-for-profit fund?

Yes. CBHS is a not-for-profit health fund, meaning profits are returned to members through better benefits and services rather than paid to shareholders.

Quick Summary

InsurerCBHS Health Fund
Country🇦🇺 Australia
Overall Score70/100
Satisfaction4.0/5
Members100K
Typeprivate
Founded1951

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