What is Trauma Recovery Cover? Trauma Recovery Cover pays you a lump sum of money to help you recover physically and financially from a serious illness, injury or medical procedure. The most common illnesses linked to trauma insurance in New Zealand are cancer, heart attack, and stroke.
What do most people use Trauma Recovery Cover for?
- Taking time off work to rest and recover. Many people recovering from a serious illness want to work reduced hours even if they’re still physically able to work.
- Paying for your spouse or another family member to take time off work. Many people need extra help and support around the house when they have a serious illness.
- Paying for alternative treatments that aren’t covered by health insurance. For example, many people undergoing chemotherapy choose to do alternative treatments at the same time to help them recover from the effects of thechemotherapy. Trauma Recovery Cover can also help cover medical treatments that health insurance only partly pays for.
- Reducing debt. Most people with a serious illness find that their income reduces while their expenses increase.
- Reducing credit card and mortgage debt can free up their finances and let them focus on treatment and recovery.
- Paying for additional costs such as child care, wheelchair ramps and travelling to medical appointments. These are common costs associated with serious illness and injury.