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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

Lucy

verified

Verified Customer

Super grateful for the support of George and the Policywise team in helping to navigate a difficult health insurance situation....

0 months ago

Lucy

verified

Verified Customer

Super grateful for the support of George and the Policywise team in helping to navigate a difficult health insurance situation. George’s knowledge, guidance and support made a huge difference, and I genuinely don’t think we would have had the same outcome without his help. He was great to deal with throughout, very responsive, and made a stressful situation so much easier to navigate. Really appreciate everything George did and wouldn’t hesitate to recommend him and the Policywise team for anyone needing support with their insurance needs.

Tuhoe

verified

Verified Customer

Absolutely — I’d keep your personality and humour because that makes the review feel genuine, just smooth out the wording and...

0 months ago

Tuhoe

verified

Verified Customer

Absolutely — I’d keep your personality and humour because that makes the review feel genuine, just smooth out the wording and make it easier to read. Jared from Policywise was such a pleasure to work with. The exact insurer I had already been considering applying for, but hadn’t felt confident enough to go ahead with, was actually the insurer he recommended for me — without me mentioning it beforehand! So that gave me a lot of confidence in his recommendation straight away. Not only that, but Jared made the whole application process seem so easy. Honestly, I felt like I hardly did anything 😆. It was like having a personal assistant taking care of all the miscellaneous stuff while I just read everything over and signed to approve it. Throughout the whole process, Jared was always checking in to make sure I actually understood everything and wasn’t just nodding my head along. He explained concepts and jargon without me even having to ask, and if there were certain areas he felt were particularly important for me to understand, he would go back over them and explain them again. What really stood out to me was that he genuinely seemed to want to do the best by me, rather than simply trying to sell me something. I really appreciated having someone who could give me an unbiased opinion from outside the actual insurance companies. Anyway, I could go on, but at the end of it all, Jared was fantastic. I would highly recommend Policywise to anyone who wants honest, unbiased advice and someone who will actually take the time to make sure you understand what you’re getting. If you want, I can also make it  a little more casual and funny, so it sounds even more like a natural Google review rather than a polished testimonial.

Tanja

verified

Verified Customer

I came across Policywise by chance whilst I was looking for the right private health insurance! I’m glad I got in touch with you,...

1 month ago

Tanja

verified

Verified Customer

I came across Policywise by chance whilst I was looking for the right private health insurance! I’m glad I got in touch with you, because Chakradhar gave me absolutely brilliant advice; he was incredibly patient, answered all my questions and addressed all my concerns, and found the very best solution for us!! He was always there for us; we spoke on the phone several times, and I feel very well looked after and supported by Policywise! Thank you for being there and thank you for all your support!! Greatly appreciate it!!!! Thanks Chakradhar!!!

Joanne

verified

Verified Customer

Dealing with Chakradhar has been an absolute pleasure. He listened carefully to my needs and then provided a number of options...

1 month ago

Joanne

verified

Verified Customer

Dealing with Chakradhar has been an absolute pleasure. He listened carefully to my needs and then provided a number of options and took me through the details of the different policies very thoroughly. He was highly professional and clearly answered all of my questions, following up directly with the insurers to clarify details as necessary. I would highly recommend Policywise and Chakradhar! Thank you!

Craig

verified

Verified Customer

We approached Jared for help reviewing our insurances. We were using another advisor and overall, weren't happy with their set...

1 month ago

Craig

verified

Verified Customer

We approached Jared for help reviewing our insurances. We were using another advisor and overall, weren't happy with their set and forget mentality. From the get go, we were impressed with Jared's commitment to getting the job done. We're in different parts of the country but caught up on Teams. He worked to transfer the policies across to Policywise, then worked with us on different strategies to get the best value from our cover. He advocated for us on a couple of issues and kept things progressing when life became busy. I recommend Jared to anyone looking for a decent review of this aspect of life admin.

Amanda

verified

Verified Customer

Been extremely helpful and patient throughout

1 month ago

Amanda

verified

Verified Customer

Been extremely helpful and patient throughout

Sandra

verified

Verified Customer

We are incredibly grateful for the support we received from the team at PolicyWise. When NIB declined my partner’s claim for...

1 month ago

Sandra

verified

Verified Customer

We are incredibly grateful for the support we received from the team at PolicyWise. When NIB declined my partner’s claim for urgently needed neck surgery, we felt overwhelmed and unsure where to turn. Because we had arranged our policy through PolicyWise, we had someone in our corner who was willing to investigate the original application, listen to our concerns, and advocate on our behalf. Calum took the time to understand the circumstances, reviewed the underwriting process, and challenged NIB where things didn’t appear to add up. Throughout the process, we felt heard, supported, and kept informed. Thanks to PolicyWise’s persistence and willingness to champion our case, NIB ultimately overturned their decision. Having an adviser who doesn’t disappear once the policy is in place is invaluable. We can’t thank Calum and the PolicyWise team enough for their professionalism, integrity, and genuine commitment to their clients. We would highly recommend PolicyWise to anyone looking for advisers who will not only help you choose the right insurance but will also stand beside you when you need them most.

Jackie

verified

Verified Customer

Was a pleasure to deal with Policy wise very professional and thorough.

1 month ago

Jackie

verified

Verified Customer

Was a pleasure to deal with Policy wise very professional and thorough.

Hussan

verified

Verified Customer

Had excellent experience with policy wise. Chakradhar Mukkala Was very helpful and explained everything as I needed.

2 months ago

Hussan

verified

Verified Customer

Had excellent experience with policy wise. Chakradhar Mukkala Was very helpful and explained everything as I needed.

Joy

verified

Verified Customer

Cooper assisted me when changing from workplace medical insurance to self-funded when I retired. Excellent service - he took the...

2 months ago

Joy

verified

Verified Customer

Cooper assisted me when changing from workplace medical insurance to self-funded when I retired. Excellent service - he took the time to understand my family needs and very quickly provided me with a choice of suitable providers. During the actual changeover he also provided good service by liaising directly with the new provider to ensure seamless coverage. Highly recommend Policywise.

Table of Content

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 licenced 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.

 

Important Disclaimer: The information on this website is general in nature and does not consider your personal situation. It is not intended as a definitive financial guide. Before making any insurance decisions, we recommend speaking with a licenced Policywise adviser.
 
Policywise advisers are licenced by the Financial Markets Authority to give financial advice on health, life, and disability insurance. For more, see our Public Disclosure page.
 
All insurance is subject to insurer approval. Policies may include stand-down periods, exclusions, terms and conditions, and premium loadings not listed here. Optional (add-on) benefits come at an extra cost. Please refer to the relevant policy document for full and current details, as insurers may update these at any time.
 
Product pages on this site are summaries only. In the case of any difference between website content and the insurer’s official policy wording, the insurer’s wording will apply.

Why choose Policywise as your group health insurance broker

POLICYWISE™ Other comparison sites Traditional brokers Banks Insurers
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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
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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.

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