WHY CONSIDER HEALTH INSURANCE?
Health insurance is crucial to maintaining your well-being and ensuring access to the right care when you need it most. At RIVAL Wealth, we understand that no one likes to be sick or injured, so with the right health insurance plan, you can get back to life quicker and with less stress. Our goal is to help you navigate the vast array of health insurance options available and recommend the cover that suits your circumstances.
Health insurance can access crucial drugs
Pharmac has the difficult role of deciding what medicines will be funded. Most private health insurance offer cover for Non-pharmac drugs, giving you access to drugs that could save or prolong your life, Often these drugs can be extremely expensive.
Avoid long hospital waiting lists
With public hospital waiting lists growing by the day, the health system is desperately playing catch-up. Health insurance gives you access to the private health system, which often significantly reduces your wait time for treatment. Having options for your recovery is priceless.
No need to use your savings for surgery
If you needed a knee or hip replacement surgery, for example, this currently costs between $28,000 and $38,000. Paying for these operations with your own savings is often financially out of reach for many people. Your health insurance could pay for this surgery.
Get back to life quicker after a health issue
When a health issue arises, most people simply want to get on with living their lives. Whether it is spending time with family, returning to work, travelling, playing sport or enjoying retirement, health concerns can interrupt the plans that matter most.
Having the right health insurance in place can provide reassurance that support is available when you need it. Rather than relying on all your savings or changing long-term financial plans, you can focus on what is important at the time: your recovery and well-being.
Our advisers take the time to understand your circumstances and help you choose cover that aligns with your needs, priorities and stage of life. The right health insurance is not about having every possible feature. It is about having confidence that you have a plan in place when life takes an unexpected turn.
Common health insurance FAQs
Is health insurance worth it in New Zealand?
Health insurance can provide faster access to specialists, diagnostic tests and treatment. While New Zealand’s public health system provides excellent emergency care, waiting times for non-urgent procedures can often be lengthy. Health insurance gives you more options around when, where and how you receive treatment, helping you get back to life sooner.
Does health insurance cover non-Pharmac drugs?
Many health insurance policies provide access to approved medicines that are not funded by Pharmac. These medicines can be extremely expensive and may not be available through the public health system. The level of cover varies between insurers and policies, so it is important to understand what is included in your cover.
Can health insurance be tailored to suit my budget?
Yes. Health insurance can often be customised by selecting different levels of cover and excess options. Many people choose to focus on major medical events such as surgery and hospital treatment, while using an excess and maintaining a rainy day fund to help manage costs. This can make health insurance more affordable while still protecting against significant health expenses.
Do I need health insurance if New Zealand has a public health system?
The public health system plays an important role in providing healthcare for New Zealanders. Health insurance can complement this by giving you access to private healthcare options, potentially reducing waiting times for consultations, diagnostic tests and elective procedures. It can also help reduce the financial impact of major medical expenses.
RIVAL Wealth eNews
Sign up for our quarterly eNews. You'll be kept in the loop with loads of helpful information, short videos, refreshing articles and riveting top tips!
