Health Insurance - always related to health?

Whilst the above heading seems somewhat contradictory and a little “tongue in cheek” the reality is quite different.

Many of our clients take the simplest form of health insurance simply to shorten the pain involved with a long period on a hospital waiting list. In fact when consulting a doctor about a health issue that might involve elective surgery and a hospital waiting list, frequently the doctor’s first question is “do you have health insurance”

It is easy to assume that this so called waiting list is a stationary object - that is not always a correct assumption. The Health Funds Association of New Zealand (HFANZ) has recently pointed out that the current strike by junior doctors will have a significant affect on the hospital waiting list queues making them significantly longer.

Whilst the current junior doctors’ strike which is the longest in history will not affect Christchurch, it is certain that our city will not be immune from these affects in the future.

Health insurers paid over $1 billion in claims for the year to March 2019 an increase of about 9% on the previous year. Annual claims paid over the last decade have effectively doubled whilst elective surgeries over the current year are down on those of the previous 12 months.

There are a number of health insurance products now available to meet most budgets and so provide that little bit of security and certainty in the midst of the figures quoted above.

Health insurance is a valuable part of any protection plan and with the increasing number of options available, we at Thompson McNeill are happy to help.

If you or anyone you’re talking health with values good advice – give us a call on (03) 281 8605 or email us at:

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