In the realm of health insurance, the adage "Not all health insurance policies are created equal" holds particular significance, especially in light of evolving, less invasive medical treatments. As innovative healthcare options become more accessible, it is crucial to comprehend the nuanced categories that health insurance providers employ, such as Diagnostic, Consultative, Surgical and Non-Surgical procedures, guaranteed wording, as well as unfunded drug cover.

Diagnostic Procedures

Diagnostic procedures, encompassing CT scans, MRI's, colonoscopies, and gastroscopies, serve the purpose of identifying health issues. Distinct from investigative procedures, which may involve routine screenings for conditions like bowel cancer due to a familial history, understanding diagnostic cover is imperative.

Consultative Services

The choice of specialists for your treatment plays a pivotal role in healthcare outcomes. Policies that restrict access to a pre-approved list of specialists negotiated by the insurer may significantly impact treatment and recovery. Therefore, it is essential to evaluate the implications of consultative cover on your health insurance.

Surgical Coverage

Surgery, involving incisions under anaesthesia, is often just one facet of a comprehensive medical procedure. For instance, the treatment of bowel cancer might necessitate surgical intervention followed by non-surgical oncology procedures. The level of surgical coverage is critical, especially considering the rising costs of advanced medical procedures and technologies.

Non-Surgical Advances

Non-surgical treatments represent the future of medicine, offering benefits such as shorter recovery times and reduced hospital stays. A robust health insurance policy should provide comprehensive non-surgical coverage. Companies like nib, Partners Life, and AIA lead the way with substantial non-surgical benefits, ensuring policyholders are well-equipped for evolving medical practices.

Guaranteed Wording

The presence of guaranteed wording in a health insurance policy ensures that benefits cannot be arbitrarily removed. While some companies may eliminate coverage they deem financially burdensome, policies with guaranteed wording, such as those offered by nib (Ultimate Health Max) and Partners Life, provide stability and consistency.

Unfunded Drug Coverage

The significance of covering non-Pharmac funded drugs, particularly immunotherapy for combating cancers, cannot be overstated. While these cutting-edge drugs can carry a hefty price tag, policies from companies like nib, Partners Life, and AIA extend substantial coverage for such medications, positioning policyholders to access potentially life-saving treatments.

Navigating Health Insurance

In navigating the intricacies of health insurance, a discerning understanding of terminology and policy nuances is paramount. By assessing and optimising coverage in categories such as diagnostic, consultative, surgical, non-surgical, guaranteed wording, and unfunded drug cover, individuals can ensure their health insurance aligns with the dynamic landscape of modern healthcare.

For any inquiries or further clarification, feel free to reach out. Wishing you informed and empowered healthcare decisions.

Chris Boon - cboon@ains.nz
Adelphi Insurance Brokers
021 670656
www.ains.nz

Credit: Article written by Chris Boon, Managing Director, Adelphi Insurance Brokers Ltd.