Employment Hero and Medibank bring private health insurance to 1m employees

Sydney, Australia –Employment Hero, the employment management platform, has partnered with Australia’s largest health funds, Medibank and AHM, to bring private health insurance to more than 1 million employees.

For the first time, the small to medium sized businesses that use Employment Hero can now provide their employees with a guaranteed best in market discounts to private healthcare. This now brings private healthcare benefits to a larger segment of the population.

The partnership will deliver a range of private health insurance products directly to the fingertips of more SME employees, providing comprehensive healthcare coverage and peace of mind.

Rob Dunn, Managing Director of Swag by Employment Hero, said: “Cost of living pressures continue to grow for everyone. At Employment Hero, we increasingly hear that employees are under financial stress and want more support from their employers.

Financial hardship and to an extent, access to financial education, is an increasing issue in our country, especially given the current economic climate. As a result, a lot of the population is under significant financial stress, which comes at the cost of mental health and overall productivity at work – after all, if workers are struggling to cover living expenses and are unable to put away savings, how can they perform at their best at work?

Employers are clearly concerned about their employees’ wellbeing and are struggling to balance supporting their teams with the financial pressures on their businesses. Now, through this partnership with Medibank and AHM, SME employers that use Employment Hero have the opportunity to offer their staff a meaningful benefit, in the form of private healthcare.

“With two-thirds of Australian employees reporting feelings of burnout and financial struggles being the leading cause of workplace stress, access to affordable private healthcare could transform the health and wellbeing of our nation’s workers.

“Through our Swag App, businesses on Employment Hero can now provide their employees with affordable private health cover, helping them to save hundreds of dollars a year.”

“Swag equips employees with a suite of unique and powerful financial empowerment tools to alleviate these financial pressures, such as a dedicated Swag Spend account, which provides cashback offers with brands like Adore Beauty, The North Face and The Iconic, and in-store and online discounts. Through these unique benefits, Swag works with employers to help employees prioritise financial wellness, budget smarter and choose what savings account to send pay into to build their savings.”

This latest partnership represents part of Employment Hero’s broader commitment to making SMEs more attractive employers. Using the collective buying power of the $120bn in wages on the platform, Employment Hero is able to negotiate exclusive deals unavailable to SME employers acting on their own.

The Medibank and AHM offer joins hundreds of existing discounts and deals available on Employment Hero’s employment SuperApp, Swag. This includes market leading deals with energy provider Engie and other popular retailers. By offering corporate-level healthcare insurance and other exclusive benefits to employees of SMEs, Employment Hero is able to support employers in attracting and retaining top talent.