Insurance News for Real People

Preventative Mastectomy & Breast Reconstruction

Preventative Mastectomy & Breast Reconstruction

It seems I'm destined to write an article about this time every year about breast cancer and the challenges people face with their insurance company's getting breast reconstructions done.

This year it is this article in the New Zealand Herald, 11th Hour Shock, for Anna Jobsz who is having a preventative mastectomy and breast reconstruction. This follows on from the high profile treatment Angelina Jolie had when she found out she was exposed to a high chance of developing breast cancer.

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Managing your Medical Insurance Premiums

Managing your Medical Insurance Premiums

One of the things that is often said, reported in the news, and generally complained about, are the increasing costs of medical insurance.

We've heard about Southern Cross policy holders up in arms because of the premium increases they have seen. To be fair all providers premiums increase, Southern Cross has the biggest pool of clients and the oldest pool of clients, so increases do hit hard in that particular group.

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Cost of a life, how much to extend for how long?

Cost of a life, how much to extend for how long?

There's an undercurrent philosophical debate going on just behind the screen. At present, you're unaware of it, unless you're already in the health system as a patient or a doctor. This undercurrent defines what treatment is available to you and how much the government is prepared to spend their budget on you.

It might sound crass to put a number on the value of a life, unfortunately, in the world we live in, money talks, you know the rest.

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The Great Medical Insurance Land Grab

The Great Medical Insurance Land Grab

Here we go again, more medical insurance updates and changes

We have:

  • A company offering $500,000 cover per person per year
  • Addition of non-Pharmac cover taking us to 6 providers
  • Another sorting it's congenital conditions cover and bringing it in line with the rest of the market
  • The addition of guaranteed wordings, making it three that do.
  • The addition of home-based non-Pharmac coverage that is new across the board.
  • Another with had a pre-existing conditions cover offer, including the usual big-ticket conditions normally once you have them you can never get them covered. Heart, hips and cancer.
  • The Same provider was also covering congenital conditions, except what they class as chronic conditions, which is a short list, but nasty conditions. (November - December 2015)
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Un-funded medicines, the real risk to you

Un-funded medicines, the real risk to you

When the subject of medical insurance or cancer treatment comes up, the discussion on non-Pharmac medicines usually follows.

What are non-Pharmac medicines?

Non-Pharmac medicines are where the government does not fund the drug or treatment being prescribed or recommended for a treatment and you will have to find the money to pay for it.

It does not matter what the stats are, if you are someone who needs a treatment and the government does not fund it, you want to be able to access it. Which is why, dollar for dollar you take the medical policy with coverage over the one that does not, even if it is a bit more expensive you probably still should.

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The level of funding for new treatments

The level of funding for new treatments

Ok I have raved about this in other blog posts, I have had an idea, general concept, that access to medicine was becoming a problem. A real problem with one of the four pillars in New Zealand society, Health, Education, Justice and Social Support.

Now with this latest report, there is a clear indication we’re well behind with Health funding. Education, Justice and Social support all have their challenges, I am sure, but Health is an area I spend a lot of my time working with on behalf of my clients.

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Breast cancer and breast reconstruction after mastectomy

Breast cancer and breast reconstruction after mastectomy

This article was current when posted on the 13th of March 2014. Since then the insurer discussed in the following news article has made positive changes to address the issue raised. This blog post was updated 10 July 2014, updates to the original article posting are noted in ()

Topical article this week, 13th March 2014, on breast reconstruction after breast cancer surgery, one insurer got a pasting, but not all insurers are alike. Also not all medical insurance policies with the same provider are alike, as also demonstrated in the article.

The article, which you can read here, only mentioned 4 of the 10 providers of medical insurance benefits in the New Zealand market, which does the market a dis-service as it does provide valuable benefits to policy holders in need.

What do you need to know

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Medical Insurance changes, is it time to look at your coverage?

Medical Insurance changes, is it time to look at your coverage?

Two medical insurers have changed or added to their products this month. NIB the insurer who took over Tower Medical last year and the largest medical insurer in the New Zealand market, Southern Cross.

So what have they done?

If you are familiar with Tower Medical they had Premier Health and Easy Health in their product range. NIB have added Basic, Mid, Ultimate and Ultimate Max policy options to their mix. Making it both more flexible in building the medical insurance products for you but also making it more complex to understand the nuances of the different policies, which is where we as advisers come in.

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Email: enquiry@willowgrove.co.nz
Phone: 09 973 2849

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