⚠️ Health insurance premiums rise 1 April 2026 — average 4.41% increase. Review your cover now →
How It WorksAbout UsContact
Join the ClubGet a Free Quote →
CBHS Corporate Health logo
Fund Review

CBHS Corporate Health

CBHS Corporate Health is a not-for-profit private health fund that originated within the Commonwealth Bank Group. It offers cover to eligible employees, contractors, and family members of CBA and associated organisations — a restricted fund with a community-owned ethos.

CBA Group
Commonwealth Bank-linked fund
Not-for-profit
Member-owned health fund
Restricted
Eligibility criteria apply

Who Is CBHS Corporate Health?

CBHS Corporate Health is a not-for-profit private health insurer with historical roots in the Commonwealth Bank of Australia. As a restricted fund, membership is limited to eligible employees, contractors, and families connected to CBA Group and associated employers. It is a member-owned organisation — no shareholders, surplus reinvested into member benefits rather than distributed as dividends.

CBHS Corporate Health is separate from CBHS Health Fund (which is open to all Australians). Both are not-for-profit but serve different membership bases. If you are eligible for CBHS Corporate Health, it is worth comparing against open-market alternatives.

Restricted Fund — Eligibility Required

CBHS Corporate Health requires you to be an eligible employee, contractor, or family member connected to Commonwealth Bank Group or associated organisations. If you are not eligible, you would need to consider CBHS Health Fund (open to all) or another fund on our panel.

CBHS Corporate Health — Strengths and Limitations

Not-for-profit, employer-connected fund
As a not-for-profit restricted fund, CBHS Corporate Health's incentive is member benefit. Being employer-connected means the fund understands the professional context of its members — often reflected in competitive pricing and tailored extras.
Competitive value for eligible members
Restricted funds frequently offer strong value compared to open-market equivalents. CBHS Corporate Health is worth closely comparing for eligible CBA Group members before defaulting to a major open fund.
Eligibility limits flexibility
If you leave CBA Group employment, you may lose eligibility to remain in CBHS Corporate Health and would need to switch to an open fund. Consider this if you are early-career or likely to change employers.
Smaller brand profile
CBHS Corporate Health is not a household name. APRA-regulated and financially sound — fund size alone is not a measure of quality. All registered private health insurers must meet the same prudential standards.

This is an independent review. Let Us Check is not affiliated with CBHS Corporate Health.

CBHS Corporate Health vs Open-Market Funds

Even if you are eligible for CBHS Corporate Health, it is worth checking whether it is the best value option for your situation. Key things to compare:

Premium
Compare the annual premium for the same hospital + extras tier against open market funds. Restricted funds often price favourably, but not always.
Extras limits
Not all restricted funds offer the same extras sub-limits. Compare dental, optical, and physiotherapy annual limits against alternatives.
Hospital agreements
Confirm the fund has agreements with the private hospitals you are most likely to use — particularly if you are in a regional area.
Portability on exit
If you leave CBA Group employment, verify your transition options — most funds allow portability of waiting period served to an equivalent open fund.

Not sure which fund is right for you?

Eligible CBA Group employee? We can help you understand how CBHS Corporate Health compares to open-market alternatives on value and cover. Not eligible? We compare all open-market funds to find your best fit — free, no obligation.

Compare funds →Talk to an agent