Business South May 2023

To start the conversation about the wellbeing of your team or for independent advice on your business needs, email grouphealth@nib.co.nz Get back to work faster Health insurance can reduce days off work in the event of an illness. Reduce stress Help your employees avoid the stress and financial implications of having to wait for health treatment in the public system. Retainandattract talentwith this sought-after perk Over half of Kiwi employees think health insurance is a key benefit when considering changing jobs*. Increase employee engagement Show your employees they’re valued through the peace of mind and benefits provided by business health insurance. With an aging workforce, Managing Director Garry Aitken wanted to find a meaningful way to support the health and wellbeing of his 220-strong team. In 2009, after exploring various options, Aitken found nib Group health insurance to be the perfect fit. Since then, staff have been covered by Temuka Transport’s group policy with nib (including pre-existing conditions), with cover also available to family for an additional cost. Why private health insurance? While Garry trusted his family of staff, most of whom have been longstanding, he had begun to notice increased levels of absenteeism, often due to slow rehabilitation times after surgery. “We found it was taking forever to get staff back on their feet. We’re lucky enough to have a loyal and trusting team, so I knew we needed to do more to support them,” says Garry. This testimonial reflects the experience of these nib members. Whatever industry you’re in, nib business health insurance has flexible, comprehensive cover solutions to suit both employers and employees. That in turn makes it simpler than ever to look after your team’s health. Healthy employees mean healthy business. Temuka Transport is a family-owned trucking and logistics company, based in its namesake town just outside of Timaru. Founded over half a century ago, the business currently employs around five percent of the town’s population. nib business health insurance: *According to the 2022 EMA Workplace Wellbeing Survey The partnership with nib has definitely helped to speed up recovery and it’s been great for us culturally as staff now have the confidence knowing they’re supported with private healthcare. Garry Aitken Keeping the Temuka team trucking. Nib sees its role as extending beyond being a health insurance provider to being a health partner. “We see a real opportunity to demonstrate the role and value of private health insurance in helping improve health outcomes and mitigate potentially avoidable or unwarranted healthcare treatment.” As an area where nib is investing that will help play a big role in this space is data science, both for risk prediction and to deliver precisely targeted medical treatment. This has resulted in nib o ering personalised health management programmes to its member base to support them to take control of their health. This ranges from helping members manage conditions such as diabetes to its Ngāti Whātua Ōrākei partnership, which is focused on improving health and wellbeing outcomes for the Auckland hapū, including work with HealthScreening NZ to identify early signs of heart disease in iwi members. Nib’s focus on broadening its services to better connect members with the right tools and services to keep healthy and out of hospital has also seen it o er nine health management programmes, at no additional cost, designed to help members take control of their health and wellbeing. All members can choose to speak to one of the quali ied nib Wellness Coaches and access personalised health and wellness advice for everyday support or to help in the recovery from treatment. “The idea is to ensure our members who either have a chronic disease or are at risk of chronic disease have the right tools, resources and support they need to prevent both immediate and long-term health issues. “In 2021 alone, over 1,100 members took part in our health management programmes and we’ve consistently seen reported improved health outcomes from participants. This approach is a big part of our health partner mission and the importance of placing greater focus and investment on prevention rather than cure.” Nib has also introduced a non-Pharmac Plus add-on giving members much more access to non-Pharmac funded medicines and treatment. It’s not only for people with rare diseases, but many common diseases such as drugs used to treat melanoma, lung or bowel cancer. Private healthcare exists to give people more choice and peace of mind and can play an important role in o setting some of the burdens placed on the already stretched public health system. That’s why nib works hard to o er tailored solutions that are it for purpose, so more people can protect themselves from medical conditions where the public health system simply cannot o er the care and support needed. Since Covid and the workforce shortages New Zealand is currently experiencing, the health and wellbeing of employees has been a focus for lots of employers and health insurance is a great way to increase retention and show that they value their employees. “O ering a corporate health plan is a fantastic way to show your people that you care and stand out among the crowd. We’ve seen an increase in organisations joining our group health plans as well as a greater uptake from employees signing up to their workplaces’ existing employee health plans. There’s never been a more pertinent time for businesses to consider the bene its they o er their employees to both attract and retain talent.” Nib – improving health outcomes

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