Competition for ACC
Recently there have been a lot of news stories about ACC facing private competition, and the fact that levies will be on the rise again.
The truth of the matter is that ACC already has competition. If you are self employed you can look for competitive alternatives under the CoverPlus Extra scheme.
Take a look at this case study, it is a clear example of how people are saving on their ACC levies.
Steve is a builder earning a taxable income of
$100,000 pa. and paying $6,500 a year in ACC
levies (Cover Plus). His Income and Life cover
are $4,800 a year.
Total Protection $11,300 a year.
Steve transferred to Cover Plus Extra and dialed back his ACC to 40% of his taxable income, He now pays $3,800 a year to ACC. (he also increased his insurance adding Medical for his family and Trauma cover).
He is now fully protected and so are his family.
Total Protection $9,000 a year. Saving him $2,300 a year!
These types of scenarios are saving self employed people thousands per year. We can all have an opinion on whether the government is right or not about its plans for ACC, it is a contensious issue. What we do know about competition is that you are more than likely going to get a better deal shopping around.
If you would like to know more about using ACC’s Cover Plus Extra, get in contact. I am up to date with what is happening in the industry and may be able to use my skills to save you some money. Call Me Now on 034774993