Health Insurance

I am sure health insurance doesn’t need too much explanation to you , however I felt it would be useful to provide a bit of detail on it.

Why it is important

  1. My condition could get worse while on the public waiting list
  2. Who will pay my bills
  3. Stress on relationship
  4. Who will look after my children
  5. How will I pay for extra bills that come my way
  6. My partner may need to work an extra job
  7. Will I lose my job

What does the Public System provide?

Acute Services
An acute patient is one who requires immediate assessment or treatment.

  • All emergency treatment such as heart attacks and appendicitis are provided with care immediately and covered.

Non Acute Services
An elective patient requires treatment that is regarded as less urgent under the public health system, and whose surgery can be scheduled for a future date.

  • Depends on location, severity, staffing levels, funding, capacity.

What does Private Health Insurance provide?

Non Acute Services

  • Choice of when the treatment takes place:
  • E.g. May want to hold off surgery until after school holidays.
  • Choice of where and who is conducting the surgery:
  • E.g. Treatment does not need to be conducted in the place of residence could be in a city closer to family members to have on hand to support.
  • Access to the latest technology and procedures:
  • E.g. Brachytherarpy for treating prostate cancer, not available through the public system.
  • Expert assistance:
  • E.g. Dedicated case manager to handle your case from start to finish.

Don’t join the queue, jump it

Arecent survey found an estimated 280,000 New Zealanders currently need elective surgery, with 170,000 of these not even making the public waiting list.

Waiting could mean:

  • Your condition could deteriorate
  • Loss of income, if you can’t work
  • Prolonged periods of pain and discomfort

Take the fast lane to recovery ….

With private health insurance you can access quality health care, fast. You don’t need to compromise your quality of life while you wait for treatment. Private Health insurance can help you skip the long waiting lists for elective surgery in the public sector.

ACC and Private Health Insurance

The Accident Compensation Corporation (ACC) provides comprehensive no-fault personal injury cover for all New Zealand residents and visitors to New Zealand

What relationship does ACC have to health insurance?

  • Top Up
  • Injury during treatment

What is the difference between what ACC covers and my private health insurance?

ACC offers cover for accident and/or injury whereas your private health insurance offers cover for a medical condition that is not usually as a result of an accident or injury.

Annual claim value by age band and sex (Nib data)

All products, average annual claims paid per person, net GST.

To deal with escalating health insurance premiums particularly the future of health insurance will be focused around the following areas:

  • Focus on Health and Well Being
  • Dietary requirements
  • Wellness portals
  • Non-Pharmac drugs
  • Online self help
  • Costs escalating / premium management