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Company health insurance

Policywise tells you which group health insurance plan is best for your company, 100% free.

Health insurance for company
By yourself

With Policywise

Complicated fine print

Simple one-page summary

Guesswork & assumptions

Independent research & expert experience

Confusion & doubts

Clarity & assurance

Time-consuming hard work

Fast & easy

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Here's what our customers say about us

These reviews are embedded here from Reviews.io, an independent third party website, so you can know that what you see is exactly what our customers have written, unfiltered by us.

Excellent

star star star star star

4.94 average

304reviews

David Michael​

verified

Verified Customer

Sav and the team at Policywise helped us to set up health insurance for my wife and I. She was an absolute pleasure to work with,...

2 months ago

David Michael​

verified

Verified Customer

Sav and the team at Policywise helped us to set up health insurance for my wife and I. She was an absolute pleasure to work with, offering friendly and knowledgeable service. I can definitely recommend Policywise if you're looking for someone to sort out your insurance needs.

2 months ago

sarah​

verified

Verified Customer

Sav was great, very responsive and good knowledge! Thanks for your help

2 months ago

sarah​

verified

Verified Customer

Sav was great, very responsive and good knowledge! Thanks for your help

2 months ago

Amy

verified

Verified Customer

Very helpful, good communciation, not pushy.

2 months ago

Amy

verified

Verified Customer

Very helpful, good communciation, not pushy.

2 months ago

Terryn

verified

Verified Customer

Easy to work with. Fast response times. Knowledgeable advisors.

2 months ago

Terryn

verified

Verified Customer

Easy to work with. Fast response times. Knowledgeable advisors.

2 months ago

Hannah​

verified

Verified Customer

The process of choosing the right cover for myself and my family was made simple. I just wouldn't have taken the time needed to...

2 months ago

Hannah​

verified

Verified Customer

The process of choosing the right cover for myself and my family was made simple. I just wouldn't have taken the time needed to get the right cover without the support from Policy Wise.

2 months ago

Charlie

verified

Verified Customer

I want to say a HUGE thank you to Sahan Fernando for providing one of the best customer experiences I have ever had! He was...

3 months ago

Charlie

verified

Verified Customer

I want to say a HUGE thank you to Sahan Fernando for providing one of the best customer experiences I have ever had! He was always super responsive to emails, did his best to maximise customer experience, and really made me feel valued. Thanks so much Sahan!!

3 months ago

Tapasya

verified

Verified Customer

I was dealing with Sav who helped me with my health insurance needs. She made the whole process so much easier with her continued...

3 months ago

Tapasya

verified

Verified Customer

I was dealing with Sav who helped me with my health insurance needs. She made the whole process so much easier with her continued support and expertise.

I would highly recommend her to anyone who is looking for a hand in finding the right provider based on their specific requirements which can be a daunting process.

3 months ago

Demishka​

verified

Verified Customer

Sahan was extremely helpful and made sure I understood everything and all the offers. I am young and this whole thing seemed kind...

3 months ago

Demishka​

verified

Verified Customer

Sahan was extremely helpful and made sure I understood everything and all the offers. I am young and this whole thing seemed kind of scary but working with Sahan made the whole thing very easy. Policy wise was able to show a range of different options that covered my needs and were able to answer all my questions. Some truly amazing customer service and a great company overall.

3 months ago

Bethany​

verified

Verified Customer

I have had the best experience with Policywise. When we first started to lookfor health insurance, we're extremely overwhelmed....

3 months ago

Bethany​

verified

Verified Customer

I have had the best experience with Policywise. When we first started to lookfor health insurance, we're extremely overwhelmed. There were so many companies with so many different things to consider. Not only were Policywise able to help me figure out what is the best health insurance for my family but they continue to support us make the best choices, update our cover and work out finances. The lovely Savanthee Raeburn ensured my husband and I were fully covered at a price that suits us and as our family grew she helped set them up too. We highly recommend the wonderful Sav and Policywise for finding health insurance that works for you.

3 months ago

Millaray

verified

Verified Customer

Savanthee Raeburn is very patient and kind. She explained everything in great detail and guided me to choose the best option for...

3 months ago

Millaray

verified

Verified Customer

Savanthee Raeburn is very patient and kind. She explained everything in great detail and guided me to choose the best option for me. I am really very happy with her support.

3 months ago

What is company health insurance?

Company health insurance, also called group health insurance, enables small to large businesses to provide private medical benefits to their employees.

Health insurers typically require that businesses enrol at least five full-time staff members to qualify for group health insurance.

How does group health insurance benefit your business?

Offering group health insurance is not just a perk for your employees, it’s a strategic investment in the future of your business. Company health insurance also acts as an efficiency incentive for both employer and employee, working in a mutually productive way.

Here’s how providing employee insurance benefits can significantly strengthen your company:

Improved employee retention

Prioritising employee wellbeing helps build trust and loyalty. Employees who feel valued are less likely to resign, saving your business the costs of productivity loss, recruitment, and staff training.

Enhanced company reputation

In today’s competitive job market, top talent is drawn to businesses that offer strong employment packages. A well-regarded benefits programme, including comprehensive health insurance, can position your company as an employer of choice, helping you attract and retain the best candidates.

Increased productivity

Healthy employees are productive employees. Group medical insurance provides your staff quick access to quality healthcare, reducing time off work due to illness. Many company insurance plans also include preventive care, helping employees stay well and avoid serious health issues that could lead to long-term absences.

How does group health insurance help your employees?

Providing your employees with private health insurance can significantly enhance their quality of life, professionally and personally. Here’s how offering insurance through your company can make a real difference to your valuable staff and their families:

Reduced out-of-pocket costs

With a group health plan, many medical expenses are covered, meaning your employees pay less - sometimes nothing at all - when they need healthcare. Some group health insurance plans in New Zealand cover up to 100% of costs for certain treatments - a great boon to employees when times are tough.

Financial security

For many employees, a single unexpected medical expense can lead to financial hardship. By meeting a significant portion of their healthcare costs, group health insurance provides a safety net that protects your employees from the financial strain of accessing medical care and taking time off work to recover.

Peace of mind

One of the most positive benefits of group health insurance is peace of mind, allowing employees to feel secure in the knowledge that they’ll be covered in the event of a critical illness or injury and endure much shorter wait times. This security is especially important for those with families, as some plans also cover loved ones.

Comprehensive cover

Company health insurance provides your employees with excellent benefits. These can include covering the costs of major diagnostic tests, in-patient care in private hospitals, surgeries, and non-surgical cancer treatments, like radiotherapy or chemotherapy.

Customisation options

Businesses can tailor health insurance plans to meet the specific needs of their employees. This could include adding cover for dental, optical, GP visits, nurse visits, and adjunct services, such as physiotherapy, chiropractic, osteopathic, and complementary medicine.

What do employee health insurance plans cover?

Depending on your chosen insurer and plan, group insurance can cover:

Benefits
Accuro

nib

Southern Cross

Non-surgical cancer treatment

$60,000 to $300,000

$200,000

Up to $60,000

General surgery

$200,000 to $500,000

$300,000 Starts at $100,000  per operation

Private hospital medical benefits

$65,000 to $300,000 

Included under surgical and non-surgical benefits  Up to $60,000

*Please note: Prices on the table are as of the date of writing. Terms and conditions, as well as exclusions, apply to all group insurance products. It's important to review your policy carefully to understand the specific terms of cover and any limitations. This ensures that you have a clear understanding of the protection provided by each product. If you have any questions or would like some help finding the right group insurance policy, book a callback with a Policywise adviser; it's fast and free.

Optional add-ons: Extra cover can be added to the policy (at extra cost), such as:

  • GP and specialist consultations, nurse visits, and diagnostic tests
  • Dental and optical care, and wellness programmes
  • Non-Pharmac-funded drugs: Medsafe-approved medications prescribed by a healthcare professional 
  • Preventive care, such as routine wellness checks, vaccinations, and health screenings.

How much does company health insurance cost?  

The cost of company health insurance depends on several key factors:

  • Number of employees: Generally, the more employees included in the plan, the lower the cost.
  • Cover structure: Whether the cost is fully employer-funded or partially subsidised.
  • Type of cover: Comprehensive plans that cover high-cost medical services are more expensive than plans that cover only basic healthcare needs.
  • Age: A workforce with a higher average age may have higher premiums due to increased healthcare needs.
  • Gender: Groups with more women may have higher premiums

Who pays the group cover premium - business owner or employee?

Companies can choose their preferred payment arrangement:

  • Employer-paid premiums: Businesses cover the entire premium cost as part of their employee benefits package. This greatly incentivises staff retention.
  • Shared contribution: Under this split arrangement, employers pay a portion of the premium and employees cover the rest through payroll deductions.
  • Optional add-ons: Employees may choose to add extra cover, such as dental or optical, which they pay for themselves. This allows employees more control and flexibility in meeting their individual healthcare needs.

How to get a free group health insurance quote comparison

For an accurate group health insurance quote, contact an experienced insurance broker, such as Policywise. Policywise can help you find the best deals for group health insurance. We simply need a few details about your team:

  • Name (optional)
  • Date of birth
  • Gender

Share this information with us, and we’ll promptly generate quote comparisons tailored to your workforce’s needs. 

Why trust Policywise as your company's health insurance broker?

Choosing the right group health insurance for your company is important, and working with Policywise can make all the difference. Here’s why partnering with us can simplify company health insurance selection for you:

Expert guidance and tailored solutions

Policywise provides expert advice specific to your business needs. Unlike dealing directly with insurers, we offer comprehensive market knowledge, comparing multiple options to secure the best cover at competitive rates.

Time and cost efficiency

Navigating group health insurance can be time-consuming and overwhelming. Policywise simplifies this by researching, comparing, and negotiating with insurers to get you the best deal, saving you time and securing the most value for your investment.

Ongoing support and advocacy

Policywise helps you find the right group health insurance product and provides ongoing support throughout the life of your policy. From handling claims to making adjustments as your business grows, Policywise advocates on your behalf.

Why trust Policywise?

Policywise is licensed by the Financial Markets Authority (FSP715811) and operates with the highest standards of professionalism and integrity.

With a strong track record of helping New Zealand businesses secure the best employee insurance cover, Policywise has earned a reputation for reliability and excellence. With their experience, your company’s group health insurance is in capable hands.

Why choose Policywise as your group health insurance broker

POLICYWISE™ Other comparison sites Traditional brokers Banks Insurers
(going direct)
Completely free service
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Quotes from 8 of NZ’s leading insurers
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Tailored recommendations fitted to your needs
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Detailed quote comparisons
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Comparisons based on third-party research
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Fast & efficient process
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Independent claims support & advocacy
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Laser-focused on health, life, disability, & group insurance
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Experts at negotiating pre-existing conditions
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Help you review your existing cover
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Avoid policies that make claiming hard
Yes
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Ongoing support
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Nicest team in New Zealand
Yes
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No

How Policywise works in 3 easy steps

1

Tell us about your company

Click the button below to get started by entering some basic details. (Takes less than 30 seconds.)

2

Get your FREE, no-obligation quote comparison

We’ll provide a straightforward run-down of your best options. Our report will show you the best company health insurance policies that match your needs, with research and ratings for each insurance provider. You’ll see a summary of quotes for the lowest market prices available for these policies. And we provide all this completely free to you, with no hidden costs – you'll pay the same premium as you would had you approached each insurer yourself and negotiated the best cover.

3

We take care of everything for you

If you like our recommendations, our experienced group insurance heroes will set up everything. Eliminate the pain of organising your group health insurance – we handle all the time-consuming back-and-forth with the insurer on your behalf. This is FREE for you because the insurer you choose pays our fees.

Disclaimer: All information on this page or website is general information only, not intended as advice, and does not take into consideration your personal circumstances. We recommend consulting a Policywise adviser before making any insurance decision.

Please note: Policywise advisers are licensed by the Financial Markets Authority to provide financial advice in relation to health insurance, life insurance, and disability insurance. You can learn more about this on our Public Disclosure page. All insurance covers are subject to the insurer’s approval of your application.

Insurance policies and their built-in and optional benefits may be subject to stand-down periods, exclusions, terms and conditions, and premium loadings not listed on this website. Optional benefits also have additional premiums. Please refer to the insurance product’s policy document for full details. Insurers may alter these details at any time.

Therefore, nothing in our product pages is intended to be definitive or binding. Where there are discrepancies between any policy wording on this website and the policy wording provided by the insurance company at the time your cover is approved, then the insurance company’s wording will be deemed the correct version.

References

Accuro Health Insurance. (n.d). Business health insurance. Retrieved 23/08/2024 https://www.accuro.co.nz/business-health-insurance/

Forbes Advisor. (2024). Masterson, L. Group health insurance: What is it & how does it work? Retrieved 23/08/2024 https://www.forbes.com/advisor/health-insurance/group-health-insurance/

nib. (2024). Employee health insurance benefits. Retrieved 23/08/2024 https://health.nib.co.nz/business/employee-benefits

nib. (2022, April 13). The benefits of workplace health insurance. Retrieved 23/08/2024 https://www.nib.co.nz/free-resources/article/the-benefits-of-workplace-health-insurance

Southern Cross Health Insurance. (n.d). Health insurance for employees. Retrieved 23/08/2024 https://www.southerncross.co.nz/society/buying-health-insurance/southern-cross-in-your-workplace

Spill. (2024). 12 benefits of health insurance for employees and employers. Retrieved 23/08/2024 https://www.spill.chat/employee-wellbeing/12-benefits-of-health-insurance-for-employees-and-employers