Health & Medical insurance

Insurance

” …. Not only has Alison been generous in her time with helping our family, she has also given financial advice to my son of 24 years of age. He now has adequate insurance that fully covers him should anything adverse happen.

Young people are not always aware of what they need to protect themselves and to build their future. This is where Alison has the expertise to guide and give direction. I would recommend anyone that is looking for financial planning advice especially young adults to contact Alison.”

J Govind

Yes, the Public Health system will meet your requirements …

Are you sure about that?

Kiwis are not turned away from hospitals in New Zealand if they don’t have medical  insurance.  A heart attack ensures prompt treatment.

It’s different if you have severe arthritis and are unable to walk because of the pain.

There are too many stories of people ‘managing’ their pain and not even being put on waiting lists for knee replacements.  Likewise there are too many stories about people who cannot have the opportunity to try new drugs because they are too expensive for Pharmac to fund.

Don’t be dismayed with the Government or Pharmac.  Medical costs are soaring.  There is a limited amount of tax available to meet the many requirements all Governments need to provide to the people.  The wealthier the country the more a Government can provide.

New Zealand doesn’t dig minerals out of the ground and sell ore to China the way Australia can, nor does it sell oil the way oil producing countries can.  There’s less profit in farming sheep and cows than there is in exporting a valued raw material like iron ore, coal, or oil.  New Zealand is remote so it is costly to import goods.

Pharmac needs to choose if it will pay more than say $150,000 for a young person who is terminally ill to be given a drug that may extend their life for another year compared to supporting thousands of people who need medicine for diabetes or high blood pressure or cholesterol.  While it seems heartless to the family of the terminally ill person it makes sense from an objective and realistic view.  Where can the money be best spent?

After trauma cover a health insurance policy that covers MedSafe approved but non-Pharmac funded drugs is strongly recommended.

Note:
Very few health insurance policies cover non-Pharmac funded drugs.  You don’t want this benefit combined with a health policy that pays for doctors’ visits or prescription charges. You don’t want to muddle up insurance for daily events you can manage to pay for with events that you cannot afford to pay for that could seriously impact your current savings and retirement income.

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