The Parent Visa Puzzle: Finding Insurance Solutions for Families

01/10/2025 8 min
The Parent Visa Puzzle: Finding Insurance Solutions for Families

Listen "The Parent Visa Puzzle: Finding Insurance Solutions for Families"

Episode Synopsis

Bringing parents to New Zealand just got more complicated. The government's new extended parent visa offers families the chance to reunite for up to five years (extendable to ten), but there's a major roadblock many weren't expecting: mandatory health insurance.This episode unpacks the "chicken and egg" dilemma facing families across New Zealand. Parents need comprehensive health insurance to get their visa approved, but most New Zealand insurers require applicants to be physically present in the country before issuing policies. Our resident insurance advisor Rebecca explains why this requirement exists, what coverage is needed (including emergency care, repatriation, and crucial cancer coverage), and the current workarounds available to families caught in this bureaucratic puzzle.We explore the eye-watering costs of global health insurance options (potentially reaching NZ$40,000 annually) and why they're so expensive. For immigrant families already juggling mortgages, childcare, and other expenses, this represents a significant financial hurdle. The conversation delves into the cultural dimensions of family care within immigrant communities, where grandparents often provide invaluable childcare support while parents work multiple jobs to establish themselves.Though New Zealand insurance companies are scrambling to develop appropriate products, none have concrete offerings yet. If you're planning to bring parents to New Zealand or are caught in this situation, reach out to us. While immediate solutions may be limited, we can guide you through available options and help secure appropriate coverage when it becomes available. Don't navigate this complex intersection of immigration, healthcare, and family reunification alone – let our expertise light the way forward.Send us a text Support the showBuy your first home in NZ Weekly Webinars You thought it's not possible or the dream is too far away? Come to my webinar and I will show you, you are much closer to your dream, than you think you are! Join Here - https://bit.ly/4m9SL72