While other private health insurers will be increasing premiums from 1 April, Frank Health Insurance is freezing increases to base premiums for extras cover in 2025*, which means members will enjoy another year of access to handy health and wellbeing benefits without the stress of higher premiums.
Extras products from Frank cover a bunch of important health services, like optical, dental and physio, to keep members feeling their best.
Frank Brand Manager Nick Ilievski says the move is all about making sure members continue to get great value – especially when things are tight.
“Cost of living pressures are real, but we want to make sure our members can focus on staying healthy without worrying about their bills,” he said.
Key Facts:
GMHBA Ltd, Australia’s leading regional not-for-profit private health insurer, is the only private health insurer nationally to freeze Extras premiums for members in 2025 (GMHBA and Frank Health Insurance).
In 2025, the Geelong-based, not-for-profit private health insurer delivered a premium rate rise lower than all major health funds, with an average increase of just 2.4% on hospital and combined cover.
By comparison:
- NIB 5.79%
- BUPA 5.10%
- HCF 4.95%
- Medibank 3.99%
About us:
About Frank Health Insurance
Frank has been providing members with simple, easy to understand health insurance since 2009.
As a not-for-profit online health fund, delivering affordable health cover and great customer service is what Frank does best. Premiums are invested into providing better service and products, rather than shareholders. We offer convenience through our online experience, but we’re also just a phone call away if you need us. Our friendly customer service team is based in Victoria.
Frank is on a mission to offer easy to understand health insurance products. We give our members access to a range of partnerships designed to help you look after yourself and make your cover affordable and pain free.
Contact details:
Head of Corporate Communications Meg Rayner: 0458 418 823 or megrayner@gmhba.com.au
