FridayOL

Are you a Kiwi living with diabetes, heart disease, or another chronic ailment? You might be breathing a sigh of relief! Several leading health insurers in New Zealand are making changes to their policies, making it easier for Kiwis with pre-existing conditions to get the cover they need.

For years, individuals managing chronic conditions like Type 2 diabetes, heart disease, and others have faced challenges securing comprehensive health insurance. Strict requirements, particularly around HbA1c levels for diabetics, often resulted in declined applications or significantly higher premiums. But that’s changing.

Easing the Burden: What's Changing?

Major insurers like Niva Bupa, Care Health, ABHI, and Star Health are now demonstrating a more understanding and flexible approach. The most notable shift is a willingness to accept higher HbA1c levels for individuals with well-managed Type 2 diabetes. This means that even if your HbA1c isn't perfectly within the 'ideal' range, you still have a good chance of being accepted for health insurance.

But it’s not just about diabetes. Insurers are also reviewing their criteria for other chronic conditions, taking a more holistic view of an applicant’s overall health and lifestyle.

Why This is a Big Deal for Kiwis

• Increased Access to Cover: More Kiwis with pre-existing conditions will now be able to access affordable health insurance, providing peace of mind and financial protection.
• Greater Flexibility: The changes offer more flexibility for individuals who are actively managing their conditions.
• Promotes Better Health Management: By removing barriers to insurance, these changes can encourage people to proactively manage their health and seek necessary medical care.

What to Consider When Applying

While these changes are positive, it’s important to do your research and understand the specifics of each insurer's policy. Here's what to keep in mind:

• Disclose Your Condition: Be upfront and honest about your medical history. Failure to disclose can invalidate your policy later.
• Provide Medical Records: Be prepared to provide medical records and reports from your doctor to support your application.
• Compare Policies: Don't just focus on whether you’re accepted; compare the level of cover, excess, and premiums offered by different insurers.
• Talk to a Broker: Consider consulting with a health insurance broker who can help you navigate the options and find the best policy for your needs.

Looking Ahead

This shift in approach from health insurers is a welcome development for many Kiwis. It reflects a growing awareness of the challenges faced by individuals living with chronic conditions and a desire to provide more equitable access to healthcare. It’s crucial to stay informed about these changes and to shop around to find the right health insurance policy to protect your health and your finances.

Disclaimer: This information is for general guidance only and does not constitute financial advice. Always consult with a qualified professional for personalized advice tailored to your specific circumstances.