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Answer» What is Health Insurance Fund mean? Health Insurance Fund (HIF) is an Australian, not-for-profit insurer. In 1954 it was brought into existence as the WA Government Employee's Hospital and Medical Benefits Fund Incorporated. But has since undergone a series of name changes to better reflect the scope and services it provides. HIF has majority market share for health funds in Western Australia. Its business model boasts a strong environmental focus. Currently, it is the only certified carbon neutral health fund in Australia. reference
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