A step to ensure our future success
Following extensive discussions, Teachers Health has recently signed a Merger Implementation Deed with TUH (Queensland Teachers’ Union Health Fund). While there are still a number of steps in this process, including regulator and court approval, this is the first step toward formalising the merger.
Two health funds, one shared mission
The decision for Teachers Health and TUH to merge makes perfect sense. We are both like-minded not-for-profit member organisations with similar values, a similar stakeholder and member base and strong, ongoing ties with the education and union community generally. The merger will bring together the only two health funds in Australia focused on teachers and will strengthen our presence and relevance with this community.
Strengthening our support of the education, nursing and midwifery communities
The increased size and scale of the merged organisation will help to ensure the ongoing stability, sustainability and resilience of Teachers Health. It will strengthen our position as Australia's sixth largest health fund, and the largest not-for-profit union-based fund. The combined health fund will cover almost 500,000 lives. We will have greater capacity to remain as a standalone fund in a challenging industry where there is increasing consolidation of smaller funds into large ones.
We believe the merger will be in the best interests of the members of both funds, creating a single, stronger fund that looks after the health and wellbeing of teachers, educators, nurses and midwives across Australia.
What’s next?
Subject to approvals, we expect the merger to occur in July 2025. Integration of the two funds will then be progressed over the next couple of years. We will keep you updated on its progress.