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HESTA's 12% Insurance Fee Reduction: What It Means for Fitness Professionals

Enhanced Affordability and Protection for Fitness Industry Members

HESTA's 12% Insurance Fee Reduction: What It Means for Fitness Professionals?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

In a significant move to support its members, HESTA has announced an average 12% reduction in insurance fees across all cover types, effective from 1 July 2026.
This initiative is part of a broader strategy to provide more accessible and affordable insurance coverage for its members, many of whom are professionals in the fitness industry.

The fee reductions will apply to death, total and permanent disablement (TPD), and income protection covers. Specifically, members can expect average fee decreases of approximately 6% for death cover and nearly 15% for TPD. Income protection fees will see reductions ranging from 1.4% to 23.5%, depending on the benefit period. These changes mean that insured HESTA members will retain more funds in their superannuation accounts, enhancing their financial security.

In addition to the fee reductions, HESTA is introducing strengthened protections during pregnancy. The fund has also improved the insurance fee waiver during parental leave, making it faster and easier for members to apply for insurance cover. These enhancements are particularly beneficial for fitness professionals who may experience career breaks due to family commitments.

With over 630,000 members holding insurance cover through their superannuation, HESTA's decision underscores its commitment to supporting the financial well-being of its members. For fitness professionals, this development offers an opportunity to reassess their current insurance arrangements and consider the benefits of HESTA's improved offerings.

It's advisable for members to review their insurance coverage and understand how these changes may impact their individual circumstances. Consulting with a financial advisor can provide personalized insights and ensure that their insurance coverage aligns with their professional and personal needs.

Published:Friday, 5th Jun 2026
Author: Paige Estritori

Please Note: We do not endorse any specific products or companies. Some content is sourced from third parties, including press releases, and may not be independently verified for accuracy or completeness.

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Knowledgebase
Subrogation:
An insurance carrier may reserve the "right of subrogation" in the event of a loss. This means that the company may choose to take action to recover the amount of a claim paid to a covered insured if the loss was caused by a third party.