Policy
How We Get Paid
How Compare Wise is paid when we help you with health insurance.
Last updated 11 March 2025
Our partnership
For guidance on health insurance, Compare Wise have teamed up with ItsMy Group.
ItsMy Group maintains connections with a variety of health funds that make up our selected panel. When a Compare Wise insurance consultant aids you by:
- Pointing you towards a more appropriate product from one of our allied health funds, and
- You sign up with that associated fund
No extra cost to you
Consider our service as an additional promotional pathway for health funds. Significantly, there are no extra charges for you on top of your premium for signing up through our service.
Commission
ItsMy Group receives a commission from the health fund you join, which they then forward to us. Typically, this commission is a single payment, but it may be spread out over a few years in some cases. Our health insurance consultants aren't privy to the amount we receive from the health fund they suggest – this information is strictly confidential and not disclosed to them.
Code of Conduct
Both Compare Wise and ItsMy Group adhere to the Private Health Insurance Intermediaries Association's code of conduct.
Important notice
Health Insurance Advice is provided by Compare Wise and administered by ItsMy Group (ABN 85 167 289 965). Compare Wise and ItsMy Group are both signatories to the Private Health Insurance Intermediaries Code of Conduct. Compare Wise Pty Ltd ABN 73 672 396 575.