Updated March 2026

Compare Health Insurance in New Zealand

Compare health insurance plans from NZ's leading providers side-by-side. Find the right cover for your health needs and budget. Everyday, hospital, or comprehensive. 100% free.

Last reviewed: 6 March 2026
1 Cover
2 Age
3 Smoking

What cover do you need?

Choose the level that suits your situation.

Everyday Cover ~$40-$70/mo
Hospital & Surgical ~$70-$150/mo
Comprehensive ~$120-$300/mo

How old are you?

Your age is the biggest factor in your premium.

35
Your age
1875

Do you smoke?

Smoking status affects your premium.

No, I don't smoke
Yes, I smoke
~1.35M
NZers have health insurance
$80-$180
Average monthly premium
33-37%
Of NZ population covered
6-8%
Avg. premium increase 2026

What is Health Insurance?

A quick overview of how health insurance works in New Zealand and why around one in three Kiwis choose to have it.

Health insurance is a contract between you and a health insurer. You pay a premium (monthly or annually), and in return the insurer helps cover the cost of medical treatment, surgery, specialist consultations, and other healthcare services - depending on the level of cover you choose.

New Zealand has a public health system funded by the government that provides free hospital care. However, the public system has significant waiting lists for elective surgery - sometimes months or even years. Health insurance gives you faster access to private hospitals and specialists, choice of surgeon, and access to treatments or medicines that may not be publicly funded.

ACC (Accident Compensation Corporation) covers injuries caused by accidents, but it does not cover illness. If you develop cancer, need heart surgery, or require treatment for any non-accident medical condition, ACC will not help. This is one of the key reasons many New Zealanders choose private health insurance.

Key point: Approximately 1.35 million New Zealanders have health insurance - roughly 33-37% of the population. The main reasons people take it out are faster access to treatment, choice of specialist, access to non-Pharmac medicines, and peace of mind that illness will not create a financial burden.

Health insurance premiums increase with age, and pre-existing conditions are typically excluded. This means the earlier you get health insurance, the broader your cover is likely to be. For more general information about insurance in New Zealand, see the FMA's insurance guide.

Types of Health Insurance in NZ

There are three main types of health insurance available in New Zealand. Here is how they compare.

Everyday / Base Cover

From ~$40-$70/mo

Covers day-to-day health expenses like GP visits, dental, optical, physio, and prescriptions. Typically reimburses 50-80% of costs up to annual sub-limits.

  • GP visits
  • Dental (routine)
  • Optical
  • Physiotherapy
  • Prescriptions
  • Private hospital surgery
  • Cancer treatment
  • Cheapest option

Comprehensive

From ~$120-$300/mo

Combines everyday and hospital/surgical cover for the broadest possible benefits. Covers everything from GP visits to major surgery.

  • GP visits
  • Dental / Optical
  • Private hospital surgery
  • Specialist consultations
  • Cancer treatment
  • Diagnostic imaging
  • Non-Pharmac drugs (some plans)
  • Most complete protection

How to Choose the Right Health Insurance

The right plan depends on your health needs, your budget, and how much you rely on the public health system.

🩹 Young & Healthy

  • Hospital and surgical cover may suit you best - it protects against major events at a mid-range cost
  • Getting cover while young means fewer pre-existing condition exclusions
  • Consider a higher excess to keep premiums low
  • Premiums are lowest in your 20s and 30s, making it a good time to start

👪 Family with Children

  • Comprehensive cover may be worth considering for families with regular GP, dental, and optical needs
  • Many providers offer free or discounted cover for dependent children
  • Check annual sub-limits for dental and optical - families tend to use these frequently
  • Family policies are often cheaper per person than individual policies

💰 Budget-Conscious

  • Everyday-only cover is the cheapest option and helps with routine costs
  • Alternatively, hospital-only cover protects against the most expensive scenarios
  • A higher excess ($500 - $2,000) can significantly reduce premiums
  • Some providers offer payment by direct debit with a small discount

Comparison Checklist: What to Look at When Comparing Plans

  1. Cover level - decide whether you need everyday, hospital/surgical, or comprehensive based on how you actually use healthcare.
  2. Excess amount - higher excess means lower premiums but more out of pocket per claim. Excess ranges from $0 to $2,000+.
  3. Pre-existing condition exclusions - understand what will and will not be covered based on your health history.
  4. Sub-limits - check annual or per-event limits for specific benefits like dental ($500 - $1,500 typical), optical, and physio.
  5. Non-Pharmac drugs - if this matters to you, check whether the plan covers medicines not funded by Pharmac. Some plans offer $100,000 - $600,000+ of non-Pharmac cover.
  6. Waiting periods - most plans have 3 - 12 month waiting periods for certain benefits. Check what applies before you sign up.
  7. Premium sustainability - ask about the insurer's history of annual premium increases. Consumer NZ tracks insurer performance.

NZ Health Insurance Providers Compared

A side-by-side comparison of the major health insurance providers in New Zealand.

ProviderOwnershipKey PlansBest For
Southern CrossNZ not-for-profitWellbeing, UltraCare, Cancer Cover PlusMarket leader
nibAustralian (ASX:NHF)Easy Health, Ultimate Health, Ultimate Health MaxFlexible plans
AIAAIA Group (Asia-Pacific)Private Health, Cancer Cover, AIA Living STSVitality rewards
Partners LifeNZ-ownedPrivate Medical CoverAdviser only
UniMedNZ not-for-profit mutualHealth Positive, UniCare Advantage, Hospital SelectMutual / member-owned
AA HealthUnderwritten by nibEveryday, Private Hospital, Hospital & SpecialistCustomer satisfaction

Disclaimer: Features and plans may change. Always verify details directly with the provider before purchasing. We do our best to keep all data up to date and accurate. If you have noticed something incorrect, please let us know.

NZ Health Insurance Providers

In-depth look at New Zealand's health insurance providers.

Southern Cross
NZ not-for-profit Friendly Society

NZ's largest health insurer with ~60% market share and ~952,000 members. As a not-for-profit, Southern Cross returns 94 cents of every dollar back to members as claims. Offers a wide range of plans from basic everyday cover to comprehensive surgical options.

~60% NZ market share
94c/$1 returned as claims
Wellbeing & UltraCare plans
Cancer Cover Plus
Online claims & app
Not-for-profit
nib
Australian-owned (nib Holdings)

NZ's second-largest health insurer with 160,000+ members. Offers flexible plans with modular add-ons. Also underwrites AA Health Insurance, which won Canstar Most Satisfied Customers 2025.

NZ's #2 health insurer
160k+ members
Easy Health & Ultimate Health
Underwrites AA Health
Online quotes & management
Flexible modular plans
AIA
AIA Group (Asia-Pacific)

NZ's largest life insurer, also offering health insurance. Known for the AIA Vitality wellness programme, which can offer up to 50% premium discount for healthy behaviours like regular exercise and health checks.

Vitality wellness programme
Up to 50% premium discount
Private Health plans
Cancer Cover
AIA Living STS
NZ's largest life insurer
Partners Life
NZ-owned

NZ-owned insurer available through financial advisers only. Offers Private Medical Cover with up to $600,000 of non-Pharmac drug cover - one of the highest in the NZ market.

NZ-owned
Adviser-only distribution
$600k non-Pharmac cover
Private Medical Cover
Comprehensive surgical cover
High benefit limits
UniMed
NZ not-for-profit mutual

NZ-owned not-for-profit mutual with approximately 10% market share and 140,000+ members. Incorporated Accuro in recent years. Member-first approach with a range of plans.

~10% market share
140k+ members
Health Positive plans
UniCare Advantage
Hospital Select
Member-owned mutual
AA Health Insurance
Underwritten by nib

AA-branded health insurance underwritten by nib. Won Canstar Most Satisfied Customers 2025. Offers everyday, private hospital, and combined cover options.

Canstar award winner 2025
Underwritten by nib
Everyday Cover
Private Hospital Cover
Hospital & Specialist
Online quotes

What Does Health Insurance Cover?

A detailed breakdown of what is typically included in NZ health insurance plans.

FeatureEverydayHospital & SurgicalComprehensive
GP visits 50-80% 50-80%
Dental (routine) Sub-limits Sub-limits
Optical Sub-limits Sub-limits
Physiotherapy Sub-limits Sub-limits
Prescriptions Sub-limits Sub-limits
Specialist consultations Covered Covered
Diagnostic imaging (MRI, CT) Covered Covered
Private hospital surgery Covered Covered
Cancer treatment Covered Covered
Non-Pharmac drugsSome plansSome plans
Mental healthSome plansSome plansSome plans
Maternity (after waiting period)Some plansSome plans

⚡ Non-Pharmac Drug Cover

Non-Pharmac drugs are medicines not subsidised by Pharmac, NZ's government drug-buying agency. New Zealand funds fewer modern medicines than many OECD peers, which means some treatments - particularly for cancer - can cost $10,000 to $100,000+ per year if not covered by insurance. Plans from providers like Partners Life offer up to $600,000 in non-Pharmac cover. If access to the latest medicines is important to you, this is a feature worth checking carefully when comparing plans.

Common Health Insurance Exclusions

Understanding what is not covered is just as important as knowing what is. These are the most common exclusions across NZ health insurance policies.

📋 Pre-existing Conditions

Conditions you had before taking out the policy are typically excluded. This can be a permanent exclusion or reviewed after 3 - 5 claim-free years, depending on the insurer. This is the most significant exclusion and the main reason to get health insurance while you are young and healthy.

🎓 Cosmetic Surgery

Elective cosmetic procedures are not covered unless they are deemed medically necessary (e.g. reconstructive surgery after an accident or cancer treatment). Procedures like rhinoplasty, liposuction, or cosmetic breast augmentation are excluded across all providers.

⚠️ ACC-Covered Injuries

Injuries caused by accidents are covered by ACC, not health insurance. Your health insurer will not pay for treatment that falls under ACC's scope. This includes sports injuries, workplace accidents, and motor vehicle injuries.

🤰 Pregnancy (Waiting Period)

Most health insurance plans have a 12-month waiting period for pregnancy-related claims. If you are already pregnant when you take out the policy, maternity benefits will not be covered. Some plans do not include maternity cover at all.

🔬 Experimental Treatments

Treatments classified as experimental, investigational, or not yet approved by Medsafe are generally excluded. This includes clinical trials and unproven therapies, even if they are available overseas.

🩹 Organ Transplants

Organ transplant surgery and related costs are commonly excluded from standard health insurance policies. Some comprehensive plans may offer limited cover, but this is not standard. The public health system covers organ transplants in New Zealand.

Always read the Product Disclosure Statement (PDS) for the full list of exclusions specific to your policy. You can usually find this on the insurer's website or request a copy before you buy.

What Affects Your Health Insurance Premium?

Understanding these factors can help you find a better deal.

👤

Age (Biggest Factor)

Age is the single biggest factor. Premiums roughly double between age 30 and 60, and increase steeply after 65. Getting cover younger locks in broader benefits.

🚬

Smoking Status

Smokers pay 15 - 25% more than non-smokers. If you quit smoking, let your insurer know - you may qualify for non-smoker rates after 12 months smoke-free.

💰

Excess Level

Choosing a higher excess ($250 - $2,000+) lowers your premium. A $500 excess instead of $0 can reduce your premium by 15 - 30%. Only choose what you can afford to pay.

📋

Level of Cover

Everyday cover is cheapest. Hospital and surgical is mid-range. Comprehensive (everyday + hospital) is the most expensive. Choose what matches your actual healthcare needs.

👪

Number of People

Family policies cover more people but cost more overall. Many providers offer free or discounted cover for dependent children under 18 or 21.

💳

Payment Method

Some providers offer a small discount (around 2%) for paying by direct debit. Annual payment may also be slightly cheaper than monthly instalments.

👥

Gender

Some providers factor gender into premiums. Historically, women have paid slightly more due to higher healthcare utilisation, but this varies by provider and plan.

📌

Pre-existing Conditions

Pre-existing conditions are typically excluded rather than increasing your premium. However, the more exclusions on your policy, the less value the cover provides.

Health Insurance Costs in NZ (2026 Guide)

Indicative monthly premiums by age for a non-smoker. Actual costs depend on your chosen plan, excess, and provider.

Age 25
$40 - $150
Basic $40-$70 | Comp $100-$150
Age 35
$50 - $180
Basic $50-$90 | Comp $120-$180
Age 45
$70 - $280
Basic $70-$120 | Comp $180-$280
Age 55
$100 - $300
Basic $100-$180 | Comp $200-$300
Age 65
$150 - $500+
Basic $150-$250+ | Comp $350-$500+

Typical Excess Amounts

  • No excess: $0 (highest premium)
  • Low excess: $250 - $500
  • Mid excess: $500 - $1,000
  • High excess: $1,000 - $2,000+ (lowest premium)

Market Overview

  • Market leader: Southern Cross (~60% share)
  • #2 provider: nib (160k+ members)
  • Industry revenue: ~$3.3 billion
  • Total providers: ~24 in NZ

Disclaimer: All prices shown are indicative estimates based on publicly available data and typical profiles as of early 2026. Actual premiums vary based on your age, smoking status, chosen cover level, excess, and provider. These figures are not quotes. Always obtain a personalised quote from the provider directly. Prices and product features may change without notice.

10 Ways to Save on Health Insurance in NZ

Practical tips that could save you hundreds of dollars every year.

1

Compare plans annually

Do not just auto-renew. Compare plans from multiple providers each year. Pricing and benefits change, and switching could save you significantly. Consumer NZ is a useful resource.

2

Increase your excess

Raising your excess from $0 to $500 can reduce premiums by 15 - 30%. Only do this if you can afford to pay the excess when you need to claim.

3

Choose the right cover level

Do not pay for comprehensive cover if you rarely visit the GP or dentist. Hospital-only cover protects against the big costs at a lower premium.

4

Get covered while young

Premiums are lowest when you are young and healthy. Starting early also means fewer pre-existing condition exclusions over your lifetime.

5

Check employer schemes

Some employers offer group health insurance at discounted rates. Ask your HR department - workplace schemes can be 10 - 30% cheaper than individual policies.

6

Pay annually or by direct debit

Monthly credit card payments may include fees. Annual payment or direct debit can save a small percentage (around 2%).

7

Quit smoking

Smokers pay 15 - 25% more. If you quit, inform your insurer after 12 months smoke-free to potentially qualify for lower rates.

8

Use AIA Vitality

AIA Vitality rewards healthy behaviours with premium discounts of up to 50%. If you are already active and health-conscious, this programme may suit you.

9

Review your sub-limits

If you never use your dental or optical benefits, you may be paying for sub-limits you do not need. Consider a plan with lower sub-limits or a hospital-only option.

10

Consider family policies

Family plans are often cheaper per person than individual policies. Many providers offer free or discounted cover for dependent children.

Switching & Renewal: When and How to Change Providers

Switching health insurance requires more caution than other insurance types. Here is what to consider.

1

Review Your Current Cover at Renewal

Your insurer will send a renewal notice showing next year's premium. Health insurance premiums typically increase 6 - 8% annually. Check whether the premium increase is justified by any improvements to your cover, or whether you are simply paying more for the same thing.

2

Compare Plans from Other Providers

Get quotes from at least 3 - 4 providers. Compare not just price, but cover levels, excess options, sub-limits, and non-Pharmac drug cover. Use comparison tools and check Canstar and Consumer NZ ratings.

3

Understand the Risks of Switching

Unlike car or home insurance, switching health insurance can result in new pre-existing condition exclusions. Your new insurer will assess your health at application and may exclude conditions that were covered under your old policy. This is the biggest risk of switching.

4

Arrange New Cover Before Cancelling

Never cancel your existing policy before your new one is confirmed and active. Any gap in cover could result in waiting periods or exclusions being reapplied. Some providers offer continuity of cover if you switch without a gap, but this is not guaranteed.

⚠️ Key Risks When Switching Health Insurance

  • New pre-existing condition exclusions - conditions developed while on your old policy may be excluded by your new insurer. This is the most significant risk.
  • New waiting periods - you may have to wait 3 - 12 months before you can claim for certain benefits under a new policy.
  • Lost continuity benefits - some insurers offer loyalty benefits or review exclusions after several years. Switching resets this.
  • Premium increases may follow you - if you are switching due to premium increases, be aware that all providers face similar cost pressures. A new provider's introductory rate may increase just as quickly.

How to Make a Health Insurance Claim

Step-by-step guide to the claims process in New Zealand.

1

Check Cover

Review your policy to confirm the treatment is covered and check your excess amount.

2

Pre-Approval

For major procedures ($1,000+), seek pre-approval from your insurer before treatment.

3

Treatment

Have your treatment. Keep all receipts, invoices, and medical documentation.

4

Submit Claim

Submit via online portal or app (fastest). Include invoices, receipts, and referral letters.

5

Payment

Assessment takes 3-5 working days. Payment via reimbursement or direct to provider.

💡 Claim Tips

  • Always get pre-approval for planned surgery or specialist treatment to avoid claim surprises
  • Keep all receipts and invoices - you will need them to support your claim
  • Submit claims promptly (most policies require notification within 90 days of treatment)
  • If you disagree with a claim decision, escalate to the IFSO (Insurance & Financial Services Ombudsman), which is free

Health Insurance in New Zealand: What You Need to Know

Key NZ-specific facts about the health insurance market and how private cover fits alongside the public system.

🏥 Public Health System

NZ's public health system is approximately 77% government-funded and provides free hospital care to all residents. However, wait times for elective surgery can be many months or years. The public system prioritises urgent and emergency cases. Private health insurance provides faster access to elective procedures and gives you choice of specialist and hospital.

⚠️ ACC Covers Accidents Only

ACC covers personal injury from accidents, but it does not cover illness. Cancer, heart disease, diabetes, and all other non-accident medical conditions fall entirely outside ACC's scope. Health insurance fills this critical gap by covering illness-related medical costs.

💊 Pharmac and Drug Access

Pharmac decides which medicines are subsidised in NZ. Compared to many OECD peers, New Zealand funds fewer modern medicines. This means some treatments - particularly newer cancer drugs - cost $10,000 to $100,000+ per year if not funded. Health insurance with non-Pharmac cover can be crucial if you need access to these medicines.

⚖️ Regulation and Disputes

Health insurers are regulated by the Reserve Bank of New Zealand (prudential supervision) and the Financial Markets Authority (conduct). Disputes are handled by the IFSO at no cost to consumers. All licensed insurers must belong to an approved dispute resolution scheme.

📊 Market Structure

Southern Cross dominates with ~60% market share as a not-for-profit Friendly Society. nib is the second-largest provider (Australian-owned). UniMed holds ~10% as a NZ-owned not-for-profit mutual. Other significant players include AIA (Asia-Pacific group) and Partners Life (NZ-owned, adviser-only). There are approximately 24 providers in total.

📈 No Government Rebate

Unlike Australia (which offers a private health insurance rebate), NZ has no government subsidy or tax rebate for private health insurance premiums. Premiums are not tax deductible for individuals. Some employers provide health insurance as a workplace benefit, and in those cases the employer may be able to claim a deduction.

Understanding Your Policy Document (PDS)

Every NZ insurer must provide a Product Disclosure Statement. Here is what to look for before you buy.

What is a PDS?

A Product Disclosure Statement is a legal document that outlines everything about your health insurance policy: what is covered, what is excluded, your obligations, waiting periods, and how to make a claim. Under the Financial Markets Conduct Act 2013, all NZ insurers must provide one. Read it before you buy, not after you need to claim.

Key Sections to Check

  • Definitions - terms like "pre-existing condition", "excess", and "sub-limit" have specific meanings
  • What is covered - the treatments, procedures, and services included in your plan
  • Exclusions - what is not covered, including pre-existing conditions and waiting periods
  • Sub-limits - annual or per-event maximums for specific benefits (dental, optical, physio)
  • Claims process - how to make a claim, pre-approval requirements, and time limits

Your Disclosure Obligations

When you apply for health insurance, you must provide accurate information about your health history. If you fail to disclose something material (e.g. a previous diagnosis, ongoing treatment, or symptoms you have had), the insurer can decline your claim or void the policy entirely. Be thorough and honest in your application.

Making Changes Mid-Policy

If anything changes during your policy period, let your insurer know. Common changes to report:

  • New medical diagnoses or treatments
  • Change of address
  • Adding or removing family members from the policy
  • Change of smoking status
  • Change of occupation (for policies that factor this in)

Health Insurance FAQs

Answers to the most common questions about health insurance in New Zealand.

Is health insurance worth it in NZ?
NZ has a public health system that covers hospital treatment, but wait times for elective surgery can be months or even years. Health insurance gives you faster access to private specialists, hospitals, and treatments. Around 1.35 million New Zealanders (roughly one in three) have health insurance. Whether it suits your situation depends on your health needs, budget, and how comfortable you are with public system wait times.
What does health insurance cover in NZ?
It depends on your plan level. Everyday/base cover typically includes GP visits, dental, optical, and physio (50-80% reimbursement). Hospital and surgical cover pays for private hospital surgery, specialist consultations, cancer treatment, and diagnostics. Comprehensive plans combine both everyday and hospital cover for the broadest benefits.
How much does health insurance cost?
The average New Zealander pays $80-$180 per month. For a 35-year-old, basic cover costs roughly $50-$90/month and comprehensive cover $120-$180/month. Premiums increase significantly with age - a 55-year-old may pay $100-$180/month for basic or $200-$300/month for comprehensive. Costs also depend on your chosen excess, smoking status, and level of cover.
What is the difference between public and private healthcare?
NZ's public system is government-funded and provides free hospital care, but elective procedures often have long waiting lists. Private healthcare, accessed through health insurance, offers shorter wait times, choice of specialist, private hospital rooms, and access to treatments or medicines that may not be publicly funded.
Does ACC cover illness?
No. ACC (Accident Compensation Corporation) only covers injuries caused by accidents. It does not cover illness, disease, or medical conditions. If you develop cancer, need heart surgery, or require treatment for any non-accident condition, ACC will not help. Health insurance covers these illness-related costs.
What are non-Pharmac drugs?
Pharmac is the NZ government agency that decides which medicines are publicly subsidised. NZ funds fewer modern medicines compared to many OECD countries. Non-Pharmac drugs are medicines not on the funded list, which can cost $10,000-$100,000+ per year if you need them. Some health insurance plans cover non-Pharmac medicines, which can be a significant benefit.
Can I get health insurance with pre-existing conditions?
Yes, but pre-existing conditions are typically excluded from cover. This means the insurer will not pay for treatment related to conditions you already have when you apply. Some insurers may review exclusions after 3-5 claim-free years. The earlier you get health insurance (ideally while young and healthy), the fewer exclusions you are likely to have.
What waiting periods apply?
Most health insurance policies have waiting periods before you can claim for certain treatments. Common waiting periods include: 3 months for general benefits, 12 months for pre-existing conditions (if covered at all), 12 months for pregnancy-related claims, and 6-12 months for major dental work. Check your specific policy for details.
How do I make a health insurance claim?
Check your cover and excess first, then seek pre-approval for major procedures over $1,000. After treatment, submit your claim through the insurer's online portal or app (fastest method). Most claims are assessed within 3-5 working days, and payment is made either as reimbursement to you or directly to the provider.
Can I claim for dental and optical?
Yes, if you have everyday or comprehensive cover that includes dental and optical benefits. Most plans reimburse 50-80% of costs up to annual sub-limits (e.g. $500-$1,500 per year for dental). Basic hospital-only plans typically do not include dental or optical.
What happens if I need cancer treatment?
Most hospital and surgical or comprehensive health insurance plans cover cancer treatment, including surgery, chemotherapy, radiation, and specialist consultations. Some plans also cover non-Pharmac cancer drugs, which can be crucial as some modern cancer treatments cost over $100,000 per year and are not publicly funded. Southern Cross also offers standalone Cancer Cover Plus plans.
How do I switch health insurance providers?
You can switch at any time, but be cautious. Your new insurer will assess your health at application and may apply exclusions for conditions that were covered under your old policy. Some providers offer continuity of cover for pre-existing conditions if you switch without a gap, but this is not guaranteed. Compare policies carefully before switching and consider getting the new policy in place before cancelling the old one.
Is health insurance tax deductible in NZ?
No. Health insurance premiums are not tax deductible for individuals in New Zealand. However, some employers offer health insurance as a workplace benefit, and in those cases the employer may be able to claim a deduction. There is no government subsidy or rebate for private health insurance in NZ, unlike in Australia.
What is the best age to get health insurance?
Generally, the younger you are when you start, the better. Premiums are lowest when you are young and healthy, and you avoid having pre-existing conditions excluded. Starting in your 20s or early 30s locks in broader cover. Waiting until you are older or have developed health issues means higher premiums and more exclusions.

Health Insurance Glossary

Key terms explained in plain language.

Excess
The amount you pay out of pocket when making a claim. Higher excess = lower premium. Common range: $0 - $2,000.
Pre-existing Condition
A medical condition you had before taking out the policy. Typically excluded from cover, sometimes reviewed after 3-5 years.
Sub-limit
A maximum amount payable for a specific benefit within your policy (e.g. $750/year for dental, $300/year for optical).
Waiting Period
The time you must wait after starting a policy before you can claim for certain treatments. Typically 3-12 months.
Non-Pharmac Drugs
Medicines not subsidised by Pharmac. Can cost $10,000-$100,000+/year. Some plans cover these.
Premium
The amount you pay for your health insurance, monthly or annually. Increases with age.
ACC
Accident Compensation Corporation. NZ's no-fault personal injury scheme. Covers accidents only, not illness.
IFSO
Insurance & Financial Services Ombudsman. Free dispute resolution for insurance complaints.
Friendly Society
A not-for-profit mutual organisation (e.g. Southern Cross). Returns surplus to members rather than shareholders.
Elective Surgery
Planned (non-emergency) surgery. Often has long public wait times, which is a key reason people get health insurance.
Reimbursement
The insurer pays you back after you have paid for treatment. The alternative is the insurer paying the provider directly.
Pharmac
Pharmaceutical Management Agency. The NZ government agency that decides which medicines are publicly subsidised.

Disclaimer: The information on this page is for informational purposes only and does not constitute financial, insurance, or legal advice. All pricing shown is indicative and based on publicly available data and typical profiles as of early 2026. Actual premiums will vary based on your age, health, smoking status, chosen cover level, and provider. These figures are not quotes - always obtain a personalised quote directly from the provider.

Note: Compare.org.nz may earn referral fees from some providers featured on this page. Sponsored content is clearly labelled and does not affect the completeness or order of our comparisons. Features, pricing, and policy terms may change without notice - always verify directly with the insurer before purchasing. For personalised financial guidance, consider consulting a licensed financial adviser.

Ready to Compare Health Insurance?

Compare health insurance plans from NZ's top providers in minutes. Find the right cover for your health needs and budget. 100% free.

Compare Plans