AIA Health Insurance Pty Ltd (MYO)
AIA Health Insurance Pty Ltd.
AIA Health Insurance, believes that health insurance should benefit you every day; not just when things go wrong. That is why all AIA Health Insurance policies include membership to AIA Vitality; the health and wellbeing program that rewards you for understanding more about your health and taking steps to improve it.
This fund has agreements with some private hospitals or day surgeries to provide services at low or no out-of-pocket costs. You can see Agreement Hospitals for this insurer
This insurer is an organisation that operates on a for-profit basis.
AIA Health Insurance Pty Ltd operates in all states and territories.
AIA Health Insurance Pty Ltd polices are sold under a number of different brands, including:
The Private Health Insurance Ombudsman prepares an annual report on the service delivery and performance of Australian health insurers. The following is a selection of statistics about this health insurer - the full report and an explanation of these figures is available from the Ombudsman's website. Please note information is not provided for some insurers in some states, as there are insufficient numbers reported to APRA for states in which the insurer does not have a large membership.
|Ombudsman complaints compared to market share|
|All complaints||1.2%||0.3% market share|
|Health Insurer Retention and Finances||Industry result|
|Member retention (hospital cover)||69%||88.6%|
|Benefits as % of contributions||82.8%||83.1%|
|Management expenses % of contribution income||13.5%||9.9%|
|Management expenses per average policy||$464||$375|
|Hospital Related Charges Covered||68.5%||77.9%||83.7%||82.9%||86.1%||84.4%||79.2%||86.5%||81.6%|
|Medical Services with No Gaps||73.6%||81.6%||84.5%||87.0%||87.1%||85.9%||80.8%||78.6%||84.2%|
|Medical Services with No or Known Gaps||87.8%||92.8%||97.1%||95.9%||99.5%||96.1%||100%||100%||95.6%|
|General Treatment (extras) Covered||44.7%||46.5%||48.4%||47.4%||50.9%||48.5%||46.8%||52.3%||47.5%|
|Private Hospital Agreements||6||87||71||50||19||19||8||2||-|
|Day Hospital Agreements||7||82||64||42||19||18||3||1||-|