Top 10 health insurance companies 2021

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Medibank: 26.9% market share. Has over 40 years’ experience delivering health insurance to 3.7 million customers via their Medibank and AHM brands.
Bupa: 25.4% market share. The foreign-owned private company entered the Australian market in 2002 and currently serves over 4 million customers in Australia and New Zealand.
HCF: 11.7% market share. A not-for-profit health fund established in 1932, now covering over 1.5 million Australians in 52 locations across the country.
nib: 9.2% market share. Established in 1952, nib is an international health partner serving over 1.5 million customers in Australia and New Zealand.
HBF: 7.3% market share. A not-for-profit organisation founded in 1941, providing health coverage to more than 1 million members.
Australian Unity: 2.6% market share. A mutual company owned by its members established over 175 years ago with 185,000 private health insurance policyholders.
Teachers Health: 2.5% market share. A private health fund exclusively for the education community in Australia which looks after 350,000 teachers, education staff and their families.
GMHBA: 2.1% market share. Since its beginning in 1934, GMHBA has remained a not-for-profit health insurer, now protecting more than 400,000 Australians.
Defence Health: 0.4% market share. For over 65 years Defence Heath provides coverage to the Australian Defence Force (ADF) and wider defence community and today covers over 300 000 people.
CBHS: 0.1% market share. Since 1951 CBHS protects the health of Commonwealth Bank of Australia’s (CBA group) employees and families, with over 100,000 members today.