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Daily news update: nib offers continued support to members, and more stories

nib announced that it will offer members continued support in the form of their COVID-19 member and community support package. The support package will be offered until 30 September 2020 to ensure that members are able to maintain their health. cover.

“nib New Zealand (nib) today announced it will offer its COVID-19 member and community support package for an additional three months to make sure members continue to stay safe and healthy by maintaining their private health cover as New Zealand recovers from the pandemic.

nib Chief Executive Officer, Rob Hennin, said that while lockdown restrictions have eased and more healthcare services are now available, the COVID-19 pandemic will continue to have ongoing financial and health impacts on New Zealanders.

“We recognise many of our members have experienced financial uncertainty and additional stress during this difficult time, and we want them to be able to continue to prioritise their health and wellbeing,” Mr Hennin said.

“By extending our support package we hope this provides both our members and the community with additional support to assist them as we return to a new normal,” he added.”

nib is offering:

  • Ability for eligible existing members who are experiencing financial hardship to access special premium relief*.
  • Ability for eligible existing members who are experiencing financial hardship to suspend* their health insurance policy and premium payment for up to six months.
  • Expanded coverage* for chest, lung, kidney and bladder or other treatment related to conditions caused by COVID-19 across all levels of hospital cover (including Basic Private Hospital Cover, Mid Private Hospital Cover and Mid Private Hospital Cover Plus where currently excluded) at no additional cost.
  • Cover for GP or specialist consultations that need to be conducted via video or tele-consultation due to COVID-19*.
  • Automatic increase of pre-approval validity to six months meaning members do not need to reapply for pre-approval if they experience delays to hospital treatment#.
  • Ability for existing members to increase their excess (payable upon hospital admission) to the maximum allowable level under their policy without needing to be re-underwritten if they choose to reduce their excess as their financial situation improves^.
  • Help for members navigating COVID-19 by publishing across our various channels (including nib.co.nz) information on their cover, how to minimise infection risk and related matters.
  • A $1 million donation from nib foundation and nib to support charitable initiatives, including Lifeline Aotearoa and Clearhead, to assist the community across New Zealand and Australia during the pandemic.
  • Offering up to two weeks paid special discretionary leave for all nib Group employees (permanent, fixed-term or casual) who are impacted by COVID-19.

In other news:

Financial Advice: Bring in the Experts – What’s next for FSLAA: An update from the FMA on progress and the path ahead

Financial Advice: Expressions of Interest to join the Association’s Certification Committee now open

CoFI: watch the select committee

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