Insurance changes from 1 July 2023


Around 65% of eligible HESTA members have insurance. From 1 July 2023, we’re making changes to insurance to help ensure that cover continues to be sustainable, and we can continue to offer members access to protection for the times they need it most. These changes do not affect HESTA for Mercy or HESTA Corporate Super members – however there is a change to the definition of Total and Permanent Disablement (TPD) for Corporate Super members.


Insurance fees are changing

From 1 July 2023, the amount members pay for their cover is changing. Insurance fees will now be determined using members’ actual age and will alter each year on their birthday. These changes ensure the cost of cover better reflects the level of insurance risk at each age.


Expanded office-based occupation category

More members may be eligible to pay less for their insurance cover from 1 July 2023 if they work in an office and they meet the criteria for an 'office-based' occupation category. If they currently hold a management occupation category, they’ll automatically transfer to the office-based occupation category from 1 July 2023. Find out more about the office-based occupation category.


Wellness and rehabilitation services to assist recovery

As one of the benefits of our Income Protection cover, members have access to a dedicated rehabilitation team that includes highly experienced counsellors, physiotherapists, and occupational therapists to support their journey of treatment and recovery when they’re on claim. Read more about the services on offer.


Want to find out more?

For full details of all insurance changes including the fees, you can read the Significant Event Notice or visit our dedicated page. To find out more about the TPD definition change for HESTA Corporate Super, read the latest Significant Event Notice.



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