Why Should I Consider Changing to ACC Cover Plus Extra?
If you’re thinking about making the switch from ACC CoverPlus to ACC CoverPlus Extra, but aren’t sure if the benefits are worth the hassle, then this post is for you.
Here is a list of the key benefits you’ll receive if you make the switch:
You Can Get Compensation Faster
If you are signed up to ACC CoverPlus, then you need to be aware how the compensation process works. With this accident insurance package from ACC, compensation is calculated based off 80% of your previous year’s income.
If you have an accident that requires a pay out, ACC cannot provide you with any financial support until they have been provided evidence of what your income was the previous year. Where this becomes a big problem, is if you are bedridden and cannot pull together and submit the evidence that ACC needs, or if your finances from the previous year haven’t been processed yet.
With the CoverPlus Extra package, ACC will pay you out the amount you have negotiated with them, as soon as they have processed your application.
You’ll Save Money on Your ACC Levies
The main difference between CoverPlus and CoverPlus Extra is the amount of compensation you will receive if you take time off work because of an accident. This compensation has a huge effect on the levies you have to pay.
The default option, ACC CoverPlus, calculates your levies based off your earnings from the previous year, combined with the risks you face daily at work. ACC CoverPlus Extra calculates your levies based off your workplace risks and a negotiated rate of compensation you’ll get if you have an accident and need time off work. Negotiating for lower compensation, means that you can significantly lower the levies you have to pay. We do however recommend if you negotiate for lower compensation that you take out private insurance to make sure you are properly protected.
You Can Pay Less and Get Better Cover
If you switch to ACC CoverPlus Extra and take out private insurance on top of that, you will find that in most cases the combined cost still comes in less than the levies you would pay for the CoverPlus option. Where it gets really interesting, is that if you choose this option, you’ll not only save money, but you’ll also be covered for both accidents and sickness (i.e. you’ll be getting double the cover). So whatever happens you know that you and your family will be looked after.
Here is a list of the key benefits you’ll receive if you make the switch:
You Can Get Compensation Faster
If you are signed up to ACC CoverPlus, then you need to be aware how the compensation process works. With this accident insurance package from ACC, compensation is calculated based off 80% of your previous year’s income.
If you have an accident that requires a pay out, ACC cannot provide you with any financial support until they have been provided evidence of what your income was the previous year. Where this becomes a big problem, is if you are bedridden and cannot pull together and submit the evidence that ACC needs, or if your finances from the previous year haven’t been processed yet.
With the CoverPlus Extra package, ACC will pay you out the amount you have negotiated with them, as soon as they have processed your application.
You’ll Save Money on Your ACC Levies
The main difference between CoverPlus and CoverPlus Extra is the amount of compensation you will receive if you take time off work because of an accident. This compensation has a huge effect on the levies you have to pay.
The default option, ACC CoverPlus, calculates your levies based off your earnings from the previous year, combined with the risks you face daily at work. ACC CoverPlus Extra calculates your levies based off your workplace risks and a negotiated rate of compensation you’ll get if you have an accident and need time off work. Negotiating for lower compensation, means that you can significantly lower the levies you have to pay. We do however recommend if you negotiate for lower compensation that you take out private insurance to make sure you are properly protected.
You Can Pay Less and Get Better Cover
If you switch to ACC CoverPlus Extra and take out private insurance on top of that, you will find that in most cases the combined cost still comes in less than the levies you would pay for the CoverPlus option. Where it gets really interesting, is that if you choose this option, you’ll not only save money, but you’ll also be covered for both accidents and sickness (i.e. you’ll be getting double the cover). So whatever happens you know that you and your family will be looked after.