As an adviser, I come across scenarios and queries from a myriad of people questioning the importance of having private health insurance.

I’d like to share some insights that may be beneficial to my community members who are still unsure whether to opt for private health insurance.

Given our busy lives, we may have less time on our hands to look after ourselves with proper diet and regular exercise. Day-to-day stress also makes way for unfavourable health outcomes. Having quality private health insurance serves as a cushion to fall back on, should the unforeseen health situation arise.

Often clients ask why they should get private health insurance when there is the option of the public healthcare system.

Yes, we’re fortunate to have a public healthcare system and ACC in place, which is there to look after us should we need assistance in an emergency, or if we get into accidents.

However there is a higher number of patients waiting to be treated for non-emergency related medical conditions in the public system queue. Depending on the treatment or surgery required, this wait may be anywhere from a few weeks to months or even years. This waiting period can take its toll on a patient’s overall physical and mental health, also affecting their family, work and support system.

Now imagine having access to private health insurance that gives you the option to choose a healthcare professional you want, be it a specialist or surgeon. In many situations having private insurance may also reduce wait times.

When is the right time to have private health insurance?

Life is full of surprises, some good, others not so. Quality private health insurance is your peace of mind for when life may bring you face to face with unexpected medical events. Your focus would then be to seek the best treatment possible, recuperate how and where you want and get back to day-to-day life.

I’m also aware that many families are budget conscious and therefore it is important to offer tailored solutions to clients - It is wise to meet needs before wants. Think of private health insurance as a need. Start with a basic family health cover and add on as you move forward in time. I’m a strong advocate of having some level of health cover - hopefully you never have to use it, but if you do, it will be one of the wisest decisions you’ve made.

nib offers a range of covers for individual adults, families and children, or even just for children alone. With over 60 years of experience in health insurance, nib is a provider I myself trust to deliver quality healthcare support.

How do health insurance advisers help?

A good financial adviser will help ensure you get the right health insurance cover for your needs – plus they’ll take care of any paperwork.

So talk to an adviser today!