Our public health system provides outstanding care for acute conditions which can hit us all without warning. Unfortunately it just can’t be everything to all people all the time – the money just isn’t there.
So if you are faced with a non-acute condition what do you do? Go on a waiting list or get the help you need.
As your insurance broker we source Major Medical cover from a number of insurance providers that are designed to give you peace of mind should the unforeseen happen and the public health system cannot help you.
Most health policies cover all surgical and non-surgical hospital admissions by reimbursing 100% of costs directly related to surgical treatment or admission to a private hospital up to a maximum level as determined by the insurer.
There are even options for the reimbursement of specialist consultations costs and diagnostic procedure costs. So perhaps it’s time to look at your circumstances and talk to us.
Protecting yourself, your family and your future is an opportunity to relax and enjoy life!
Some insurance cover explanations that you may find helpful:
Heading to that foreign country for that non urgent Operation? Are you sure that you are insured. And what happens if you need a drug that Pharmac doesn’t cover? When it comes to medical cover, Policy wordings and underwriting are as critical as the surgeon’s knife!
With this type of insurance you can choose a lump sum that will be paid to you if you suffer certain major health problems - such as cancer, heart attack, paralysis, major burns, and so on. The actual health problems are listed by each plan – the number of conditions and how each is defined will depend on the plan. Advances in modern medicine mean you're very likely to live along life after suffering a major health problem – but the financial problems that this can cause are huge.
The first thing to consider is how much of your income you’ll need to protect. This is the amount paid if you need to make a claim, and you can choose this percentage when the policy is set up. Usually this will be a maximum of either 55% or 75% of your before tax income. You can choose the waiting period. A plan with a waiting period of 1 month will have much higher premiums than a plan with a waiting period of 3 months.
If you have savings that you could rely on if you were unable to work, or have extensive sick leave, then you might be able to extend your waiting period -lowering your premium. Also if you’re in a two income household then this will also have an impact on how long your waiting period needs to be.
As it suggests this Personal loan cover could help pay your loan if you can't work because you're completely disabled by sickness or injury. If you die, personal loan cover could repay some, or all of,
This is something that is appropriate for today’s economic climate. You can apply for Redundancy cover if you are employed you are paid the money at claim time so you can apply the money to whatever you want.
Mortgage Protection Benefit is a standalone policy No health questions. Premiums not age based, therefore do not increase as you get older.