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Latrobe Health Services review

Latrobe Health Services is a not-for-profit, member-owned health insurer based in Newborough, in Victoria's Latrobe Valley. It is open to anyone, sells in every state and territory, and also sells cover under the Federation Health brand. At 30 June 2025 it held 53,009 hospital policies covering 105,140 people, APRA's figures show.

Here is what the official 2024–25 figures show about Latrobe's complaints, retention, benefits and gaps, and what its policies open to new members include.

By Better Rate Mate Editorial Team · Last reviewed against PrivateHealth.gov.au and APRA data · No ratings of our own

Latrobe Health Services at a glance
Latrobe Health Services
Registered insurerLatrobe Health Services
Who can joinOpen to anyone
Business structureMember-owned mutual, not-for-profit
Hospital policies (30 June 2025)53,009 (0.9% of all hospital policies), covering 105,140 people
Hospital tiers on sale (1 September 2026)Gold, Silver Plus, Silver, Bronze Plus, Bronze, Basic Plus
Excess options on open hospital policies$250, $500, $750
Age-based discount (18–29)Offered on some of its open hospital policies
AmbulanceEmergency ambulance included on its open hospital policies
Sources: PrivateHealth.gov.au insurer profile and open product data (1 September 2026 extract); APRA Annual private health insurance membership and benefits statistics 2024–25 (hospital policies summed by Better Rate Mate).

Structure

PrivateHealth.gov.au describes Latrobe Health Services as a mutual organisation operating on a not-for-profit basis, with Federation Health as one of its brands. The fund says it was established in 1951. It sells corporate products as well as retail cover, but no overseas visitors or overseas student policies.

Complaints and retention

Latrobe accounted for 0.5% of Ombudsman complaints about insurers in 2024–25 against a 0.7% market share. Its share of investigated complaints was higher, 2.7%, from a small base: a handful of investigations moves the percentage a lot for a fund this size. Retention was 74.6%, the lowest of the funds we review and well below the industry's 85.0%.

Benefits, costs and gaps

Latrobe paid 82.9% of premium income as benefits (industry 84.5%). Its management expenses were 17.4% of contribution income, well above the industry's 10.9%; small funds carry fixed costs over fewer members. Hospital charges covered were 89.7% (industry 89.0%). 81.0% of in-hospital medical services had no gap (industry 87.1%), but 99.3% had no gap or a known gap, the best of the funds we review, meaning members were usually told the cost in advance. Extras paid 39.3% of charges on average (industry 50.7%).

What Latrobe sells

Its open hospital policies at 1 September 2026 cover Gold (a corporate policy), Silver Plus, Silver, Bronze Plus, Bronze and Basic Plus, with $250, $500 and $750 excess options. Most were listed with the age-based discount, and all include emergency ambulance.

Latrobe Health Services against the industry: 2024–25 data

Every year the Private Health Insurance Ombudsman compares all insurers on the same measures, and PrivateHealth.gov.au republishes the results on each insurer's profile. The table below is Latrobe Health Services's, with the industry result beside each figure. Its complaints-to-market-share ratio was 0.71: a figure of 1.00 means complaints exactly in proportion to size.

Latrobe Health Services: official performance data, 2024–25
MeasureLatrobe Health ServicesIndustryReading
Share of all Ombudsman complaints0.5%Market share 0.7%Fewer complaints than its size
Share of investigated complaints2.7%Market share 0.7%
Member retention (hospital cover)74.6%85.0%Weaker than industry
Benefits paid as % of premiums82.9%84.5%Weaker than industry
Management expenses % of premium income17.4%10.9%Weaker than industry
Hospital charges covered89.7%89.0%Better than industry
Medical services with no gap81.0%87.1%Weaker than industry
Medical services with no gap or a known gap99.3%97.1%Better than industry
Extras (general treatment) charges covered39.3%50.7%Weaker than industry
Source: Latrobe Health Services profile on PrivateHealth.gov.au (checked 28 September 2026), which republishes the Private Health Insurance Ombudsman's State of the Health Funds figures for 2024–25. "Reading" is our comparison with the industry result; differences under half a percentage point are treated as in line.

How to read it: complaint share is the fairest single comparison of service across funds of different sizes, because it's measured against market share. Benefits as a % of premiums shows how much of the premium pool went back to members as claims; a mutual that returns more is not necessarily cheaper, and a fund can move this figure by changing prices. The gap measures show how often members avoided an out-of-pocket medical bill after a hospital stay, which is what most people mean by "good cover".

Hospital agreements

Hospital agreements by state
ACTNSWVICQLDSAWATASNT
Private hospitals5886951162161
Most held by any insurer7977458172372
Day hospitals7815643232082
Most held by any insurer99864503028112
An agreement hospital has a contract with the fund, which usually means lower or no out-of-pocket hospital costs. Source: PrivateHealth.gov.au insurer profile, 2024–25.

What to check before you join Latrobe Health Services

  • Retention (74.6%) and extras benefits (39.3% of charges) were well below the industry in 2024–25.
  • Its only Gold policy in the product data was a corporate one; check whether you are eligible.
  • Management expenses were high relative to the industry, as is common for smaller funds.
  • Over 31 and joining for the first time? Work out your Lifetime Health Cover loading first, and if you earn over the threshold, check the Medicare Levy Surcharge you'd avoid.

Common questions about Latrobe Health Services

Is Latrobe Health not-for-profit?

Yes. PrivateHealth.gov.au lists Latrobe Health Services as a mutual organisation operating on a not-for-profit basis.

Is Federation Health part of Latrobe Health?

Yes. PrivateHealth.gov.au lists Federation Health as a brand of Latrobe Health Services.

Can you join Latrobe Health if you don't live in Victoria?

Yes. It is an open fund and operates in all states and territories.

Other fund reviews

See every registered health insurer compared on complaints and benefits, or read how the private health insurance rebate and hospital cover tiers work.

This review is general information based on published government and regulator data. We don't rate or rank funds, and it doesn't consider your circumstances. Check a policy's Private Health Information Statement before you buy.