Is the cost of private health insurance subject to tax in New Zealand? Mika Updated April 06, 2023 09:23 Since the Customer pays the employee's private medical insurance premium, in New Zealand, it is considered a benefit-in-kind (BiK). However, private medical insurance is not taxable. See also: In what countries is the Allianz benefit offered? Can employees opt out of this benefit? Was this article helpful? Yes No 0 out of 0 found this helpful Have more questions? Submit a request Related articles Maximum employer contribution caps in Remote's cost calculator Can I have multiple TEAM plans? When will the Danish Occupational Pension be rolled out? Can I move an employee on the PAYG annual plan to a TEAM plan? Comments 0 comments Article is closed for comments.