Grand United Corporate Health Review
Overview
Grand United Health is the only health fund in Australia that caters to corporate bodies, with over 260 corporate clients and more than 34,000 members.
The fund has been a wholly-owned subsidiary of Australian Unity since 2005 and was acquired in 2017 by nib, one of Australia’s largest health providers.
GU Health promotes health and wellbeing in the workplace by providing its members with generous benefits to improve productivity.
Grand United Corporate Health is a signatory to the Private Health Insurance Code of Conduct, a code that exists to protect health fund members from hidden clauses and unclear product information.
Grand United Corporate Health Key Facts
Founded: 1985
For-Profit or Not-For-Profit? For-Profit
Private Hospital Agreements Nationwide: 289
Day Hospital Agreements Nationwide: 279
Health Deal Represented? No
Grand United Corporate Health Hospital Cover
Grand United Corporate Health offers hospital policies suitable for all needs and ages, ranging from Classic Basic Plus to Top Gold Hospital cover. These policies are only available in NSW and ACT.
All of these policies provide coverage for your stay as a private patient and as a minimum benefit include restrictive cover for rehabilitation, psychiatric, and palliative services. Here is a list of some of the current hospital covers available:
- Classic Basic Plus Hospital
- Complete Gold Hospital
- Corporate Elite Gold Hospital
- Corporate Top Gold Hospital
- Executive Gold Hospital
- Inpatriate Basic Hospital
- My Choice Silver Plus Hospital
- Optimum Silver Plus Hospital
- Top Gold Hospital
Grand United Corporate Health Extras Cover
Extras Cover takes care of the everyday healthcare service expenses that are not generally covered under Medicare such as dental services, prescription glasses, and physiotherapy. Here is a list of some of the current extras covers available:
- Added Value Benefits
- Advantage 80 Benefit
- Bar Ancillary Benefits
- BM Executive Benefits
- Budget 50 Benefits
- Budget 60 Benefits
- Budget Benefits
- Business 60 Benefits
- Business 80 Benefits
- Business 85 Benefits
- Business 90 Benefits
- Corporate Health 60
- Corporate Health 70
- Corporate Health 80
- Corporate Health 90
- Economy Benefits
- Essential Benefits
- Everyday Benefits
- Executive Benefits
- Extended Benefits
- Extended Boost Benefits
- Extended Health Benefits
- Extended Maximum Benefits
- Galib Mid Extras
- Galib Standard Extras
- Galib Top Extras
- Inpatriate Comprehensive Ancillary Benefits
- Inpatriate Intermediate Ancillary Benefits
- Mychoice 60 Benefits
- Mychoice 80 Benefits
- Premier Ancillary Benefits
- Super Benefits
- Superior Benefits
- Superior Lifestyle Benefits
- Value Benefits
Grand United Corporate Health Waiting Periods
Grand United Corporate Health recognise the waiting periods you have already served with a previous health fund if you switch, this is called “portability”. For first-timers taking out a hospital cover, members who may have lapsed in hospital coverage and those upgrading their level of cover, the waiting periods below will have to be served before members can claim on services:
Grand United Corporate Health Hospital Waiting Periods
- Ambulance services: none
- Accidental Injury: None
- New Conditions: 2 Months
- Pregnancy and birth-related services: 12 months
- Pre-existing conditions: 12 months
- Rehabilitation & Palliative care: 2 months
- Weight Loss Surgery: 12 months
How Do You Claim Extras with Grand United Corporate Health?
Grand United’s claiming process is quick and simple. You can claim extras through either of the 2 following steps:
On the spot: Swipe your membership card at a health provider that uses the HICAPS system to have your claim processed immediately.
Online: You can log into your online account through the GU Health’s Flex-eClaim on their website and lodge your claim by providing the details on your receipt.
Grand United Corporate Health Gap Cover
Grand United Corporate Health Fund’s gap cover is called the GU Health Medical Gap Network. If your doctor charges you more than the standard MBS fee, this is known as the ‘gap’ and can leave you with an out-of-pocket expense. The GU Health Medical Gap Network can help to minimise or eliminate personal expense but it is the choice of the physician to participate in any given gap scheme.
Gap Cover Ratings By State
To determine how beneficial a gap scheme will be, we suggest comparing health funds in the same state or territory to show which of the funds offer a greater proportion of medical services covered with no gap. While it is more likely that a medical service covered under your health fund can be utilized at no personal cost to you, it is entirely the choice of the physician whether or not to participate in the gap cover scheme.
Medical Services with No Gaps — The percentage of claims that were fully refunded.
Medical Services with No or Known Gaps — The percentage of claims that were fully refunded, or where the policy holder knew the cost before the surgery was performed.
The information below outlines the percentages of services covered under no-gap and known-gap.
Grand United medical services with No Gap: 83.1%
Industry Average: 79.1%
Grand United medical services with No or Known Gap: 92.8%
Industry Average: 90.5%
Grand United medical services with No Gap: 86.6%
Industry Average: 89.5%
Grand United medical services with No or Known Gap: 94.8%
Industry Average: 95.7%
Grand United medical services with No Gap: 88.8%
Industry Average: 86.7%
Grand United medical services with No or Known Gap: 97.5%
Industry Average: 95.1%
Grand United medical services with No Gap: 89.7%
Industry Average: 89.2%
Grand United medical services with No or Known Gap: 96.3%
Industry Average: 94.5%
Grand United medical services with No Gap: 90.6%
Industry Average: 89.5%
Grand United medical services with No or Known Gap: 98.9%
Industry Average: 96.6%
Grand United medical services with No Gap: 83.4%
Industry Average: 84.4%
Grand United medical services with No or Known Gap: 94.2%
Industry Average: 96.2%
Grand United medical services with No Gap: 85.3%
Industry Average: 90.2%
Grand United medical services with No or Known Gap: 92.5%
Industry Average: 96.7%
Grand United medical services with No Gap: 96%
Industry Average: 84.2%
Grand United medical services with No or Known Gap: 96%
Industry Average: 93.8%
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