Health Insurance

Health/Medical Insurance

While 1.4 million people in New Zealand are covered by Health insurance, this is still less than a third of the population.  While we have a good public health system, there are still many reasons that you may want to have health insurance cover in place.

From our experience most people don't get value from the 'dollar swap' insurance policies, where you pay a premium to cover yourself for doctors visits, pharmaceutical costs, opticians or dental costs, but you may be the exception.

Most of our clients choose to put in place Major Medical and Specialist insurance cover.  This pays for the big bills - if you have to go into hospital to have surgery, and don't want to wait for a long time on the public waiting list, or if you want to have a colonoscopy or MRI without waiting for months, to make sure that there is nothing wrong with you (hopefully!).

There is a big difference in the quality of health or medical insurance cover, and the quality is continuing changing.  Moneyworks subscribes to research to help us keep track with all our insurances, and with health insurance, to make sure that are recommending the most suitable quality of health insurance for our clients. 

We prefer health insurance for our clients that will cover Non-Pharmac approved drugs, and that has guaranteed policy wording, that can't be changed at the whim of the insurer.

It is important that you choose a good policy at the start, as when you have something go wrong, you then have a 'pre-existing condition' and it can be difficult to move health insurance policies, as the condition won't be covered with a new insurer, but should still be covered with your existing insurer.

You can reduce the cost for health insurance by taking an excess.  The higher your excess, the lower the premium, but then you have to remember to have that money set aside to pay for that excess when you claim.

The costs of insurance will increase as you get older, particularly from age 65, so deciding whether to have health insurance in your retirement (or to self fund) is a crucial part of your retirement planning.
The provision of employer provided health insurance is highest preferred employee benefit in New Zealand according to seek, and has some benefits - including being able to sign up your family, and often all pre-existing conditions are covered.  Moneyworks can help you if you are an employer looking to provide this benefit for your team.  Contact us at contact@moneyworks.co.nz or 0800 225 621.

Getting your unclaimed Australian Super back to NZ

For a number of years, you have been able to bring your Australian Super back to New Zealand IF you are retired and past the age to access the super OR if you put it into your KiwiSaver. The processRead more

Elder Abuse - help your family hold on to their money

A recent Stuff article reminded us about how invasive and destroying elder abuse can be.  Read more here about the 92 year old who was 'cleaned out' of $500,000 - ‘She cleaned him out’: FamilyRead more

The Great Wall of Trees

A giant wall of trees that is being built across Africa is making a huge contribution to the UN’s Sustainable Development Goals. The 16 km wide wall of trees, bushes and shrubs crosses Africa’sRead more

Welcoming a new team member - Grace

Grace joined Moneyworks as our Administration Manager in 2021 and works part-time.  While Millie Moneybot (our robot) does most of the routine administration, there are still a number of things thatRead more

Sustainable Investing - Climate Change and human activity and how investing can help slow down change

At Moneyworks we use the shorthand terminology 'Ethical Investing' to cover a range of investing styles that can also be referred to as 'Sustainable', 'Responsible', 'ESG (Environmental, Social,Read more

​ Banks being held responsible for fees, conduct and lending practices

Our banks are an integral part of our lives and pretty much hold us hostage with their fees and decisions, unless we choose to be part of the barter economy, or become self sufficient, we will alwaysRead more

How to retire - well, how to get ready to change your life

Our byline on our logo is 'Helping you get to and through retirement - ethically'. Yes, this is mainly about making sure that you have enough money to enable you to retire, and that if somethingRead more

Should New Zealand Superannuation continue to exist as it is?

Moneyworks was established in 1997, which was the same year that the referendum on compulsory superannuation was held as a result of Winston Peters negotiations to form a Government.  ThisRead more

Should adult children be able to challenge their parents wills?

You will have seen the headlines in the media about families at war over their parent’s wills.  The arguments of the Green familyRead more

The Dow Jones turns 125 years old

If you have been investing for some time - even it has just been in KiwiSaver, you will know that markets go up and down in value depending on market events, but over time they do increase.  This isRead more

Cyber Security issues and protections are getting far more important

As your financial adviser, we work with you to reach your goals, in particularly to get you to and through retirement - ethically (for those who want ethical investments).  But a big risk to yourRead more

Abuse of people knows no limits

We all know the stories of people being abused within closed doors, and New Zealand has the Family Violence Act (was Domestic Violence Act) to recognise the harm that abuse incurs. Email and socialRead more
 

This product has been added to your cart

CHECKOUT