tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Thursday, August 13th, 9:40PM

Insurance

rss
Latest Headlines

nib backs health insurance bill

Health insurer nib has lent its support to a bill that would require parent category migrants to have health insurance, and maintain it for 10 years.

Thursday, August 20th 2015, 6:00AM

New Zealand First MP Barbara Stewart's bill was drawn from the ballot this month.

It also proposes a 25% health insurance rebate for people aged over 65 and the removal of fringe benefit tax from health insurance to incentivise employers to include it in salary packages.

The bill already has the support of the Health Funds Association.

nib chief executive Rob Hennin referred to data released under the Official Information Act, which showed that since 2007 ineligible patients from overseas have cost the New Zealand health system $200 million.

He said that was putting district health boards under more funding pressure.

"New Zealand should be following the lead of countries like Australia, the United States, Canada and South Africa, which have mandated that visting non-residents take out health insurance cover," Hennin said.

He said the NZ First bill was a sensible step to address this issue.

But he said the bill's inclusion of the move to abolition FBT on employer health contributions would likely allow the Government to use its financial veto on the grounds it would have more than a minor impact on its fiscal position.

"That is why it is important that this bill proceed to a select committee for consideration, so that the elements of the bill on which all parties can agree can be retained," Hennin said.

Tags: health insurance nib

« Call to back health insurance billQuarter of AMP's profit now from wealth management »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
Insurance Briefs

Insurer nib backs Ronald McDonald House with $20k investment
Health insurer nib New Zealand and its nib foundation have lent support to Ronald McDonald House Charities.

Less stressed during lockdown
New Zealander’s health and wellbeing had surprising benefits from the Covid-19 lockdown.

Southern Cross supports new safe haven for at-risk pets
Southern Cross Pet Insurance has teamed up with Pet Refuge to provide temporary shelter for animals affected by family violence.

nib Foundation supports Lifeline to the tune of $150,000
To support the growing mental health needs of Kiwis emerging from the Covid-19 pandemic, Lifeline Aotearoa has increased its service capacity thanks to a $150,000 grant from nib foundation, the charitable arm of nib New Zealand (nib).

News Bites
Latest Comments
  • It starts with governance
    “Thanks JP, if we know what the rules are we can follow them, if we know what the solutions are we can implement them....”
    19 hours ago by Adviser1
  • Record gold prices 'could go higher'
    “Happy to be made wiser by Gold aficionados, but this years Gold rally seems one of the unexpected and possibly irrational...”
    20 hours ago by Davidvs
  • It starts with governance
    “Hi JP, good analogy of what would be a sensible way to approach the new landscape for March 2021. Governance does not have...”
    24 hours ago by gavin austin adviser business compliance
  • It starts with governance
    “@Adviser1 this is part of the discussion we need to have as an industry. It is also part of the message we have with the...”
    2 days ago by JPHale
  • It starts with governance
    “Thanks Gavin, appreciate your comments. So by engaging a compliance consultant and having the necessary policies, procedures...”
    2 days ago by Adviser1
Subscribe Now

Cover Notes - Specific news aimed at risk advisers

Previous News
Most Commented On
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com
x