Cancer, Insurance and You

Cancer is something we would all like to avoid, but most of us are affected in one way or another during our lifetimes.

The high likelihood of a cancer diagnosis in your inner circle – the Ministry of Health estimates that one in three New Zealanders will be affected by cancer – affirms the importance of having the right insurance cover.

That means having peace of mind financially but also access to the best care in a timely manner.

Insurance and Its Relevance

While New Zealand's public healthcare system is commendable, it faces challenges in meeting the increasing demand for cancer treatment. An aging population, lifestyle changes, and improved

diagnostics have driven the trend, with common types including breast, lung, prostate, colorectal, and melanoma.

Private health insurance options may offer swifter access to treatment, reducing stress for everyone.

Comprehensive health insurance also provides financial security, enabling cancer patients to access timely and effective treatments (like surgery, radiation, and chemotherapy) without facing exorbitant out-of-pocket expenses.

Treatment Advancements and Accessibility

Medical advancements have led to more personalised and effective cancer therapies. However, accessing these cutting-edge treatments may not always be straightforward. Some treatments may

not be fully funded or accessible through the public healthcare system. Again, private health insurance can be beneficial, providing patients with access to a broader range of treatment options, including novel drugs and therapies.

Supportive Care and Well-being

Cancer impacts not only physical health but also emotional and psychological well-being. Many private health insurance plans offer additional benefits such as counselling services, mental health support, and wellness programmes to help patients cope with the emotional challenges of their cancer journey.

Financial Implications and Affordability

While health insurance provides essential support, the costs associated with various plans should be carefully considered. Premiums, deductibles, and coverage limits can vary, making it essential for individuals to evaluate their options and select a plan that best suits their needs and financial capacity.

Trauma Insurance and how can it help you

In addition to health insurance, trauma insurance is an option that can provide valuable financial protection. Trauma insurance pays a lump sum benefit upon the diagnosis of a specific critical illness, including cancer. This payment can be used to cover various expenses, such as medical treatments, rehabilitation, mortgage payments, or other financial obligations.

Income Protection for Financial Security

This type of insurance provides a regular income if the insured person becomes unable to work due to illness or injury, such as cancer. Having this financial safety net ensures that cancer patients can focus on their recovery without worrying about their finances or compromising their quality of life.

In Central, we are fortunate that our community and employers really step up to the plate when a local is diagnosed. Having that support is great, but even better is the peace of mind that comes with insurance that’s designed to protect you. Get in touch with us - C&R Insurance - if you want to discuss your options.