As TEU members, you may not be aware that as part of your union membership, you and your whānau are entitled to supplementary healthcare created by TEU and designed to benefit you in everyday life – not just when you’re sick.
HealthCarePlus is the trading name for The Education Benevolent Society Incorporated which was established in 1963 to enable teachers, education sector members and their whānau to access competitive insurance products to proactively support health and wellbeing and to provide financial protection for unforeseen events.
Fast forward 58 years and HealthCarePlus is still your union owned not-for-profit co-operative that supports union members and their whānau health and wellbeing by providing members with access to high quality and affordable day-to-day health insurance plans.
Coverage through HealthCarePlus is more generous than many for-profit providers - with less of the usual barriers and exclusions. Rather than existing to generate private profits for shareholders, HealthCarePlus instead creates the greatest possible value for TEU members.
It’s designed to maximise the benefits paid to members, not minimise them.
Once you’re a member - you and your whānau can enjoy the benefits, not just for the rest of your union membership, but for the rest of your life. According to former TEU national secretary Sharn Riggs,
"Members of the Tertiary Education Union appreciate greatly the benefits of belonging to HealthCarePlus. Not only is it exceptional value for money at a time when many costs are rising, especially the cost of keeping whānau well and healthy, but the fact that HealthCarePlus is owned by the education unions means that once again the collective power of belonging to a union benefits members. Great value and great service".
In 2018 the Board of HealthCarePlus undertook a fundamental review of the organisation and decided to enter into a partnership with UniMed, a larger but also union owned not-for-profit health insurer. UniMed is now responsible for managing the range of day-to-day health insurance plans offered by HealthCarePlus.
Last year HealthCarePlus received Charitable Status and is now working with TEU and its union owners in developing the means of distributing returns from existing investments as Charitable Education Grants.
HealthCarePlus doesn’t just provide healthcare, it also helps to support and increase the physical, mental and financial wellbeing of all its members. The not-for-profit does this through supporting research, providing relevant advice to TEU members, and now, by reinvesting any excess surplus it makes into charitable education grants that provide funded research opportunities in support of TEU values and objectives.
HealthCarePlus, together with TEU, will be making the first distribution of Charitable Education Grants in late 2020, with a call for applications announced in late June 2020.
Keep a look out for more information on the new HealthCarePlus Charitable Education Grants, and for more information on what membership of HealthCarePlus entitles you and your whānau, visit HealthCarePlus.