The FSC found that a total of $1.5 billion in health insurance claims were paid since July 2020. The snapshot also highlighted that $400 million in claims were paid in the three months to June 2021. Of the estimated 5.1 million New Zealand residents, 1.42 million have health insurance cover as of June 2021. FSC health committee chairman Lance Walker has noted that an increasing number of young New Zealanders view health cover as an important part of their financial and overall wellbeing, with 1 in 3 health insurance customers under 30.
“The Financial Services Council (FSC) released its latest health insurance sector snapshot, showing a total of $1.5 billion in claims have been paid to New Zealander's since July 2020.
This is an increase of just under $60 million in comparison to the previous three month period with the data also showing that more than 1.4 million Kiwis have some form of health cover.
“Although the current lockdown has impacted the availability of private health services, with most elective surgeries being postponed, we expect to see services restored as New Zealand moves down alert levels,” says FSC chief executive Richard Klipin.
“Importantly, customers will remain covered for any medical conditions that they may develop during the lockdown period.”
FSC health committee chairman Lance Walker says more younger Kiwis view health cover as an important part of their financial and overall wellbeing, showing that around 1 in 3 customers with health cover are under the age of 30.
He says last year, orthopaedic surgery, cancer and gynaecological treatments were the top three areas of support funded by health insurers.” Click here to read more
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