After my wife recently had her wisdom teeth removed (ouch) in hospital (day proceedure), we are only now in the process of paying the bills. There are numerous bills, including the hospital admission, as well as a facility fee (which was news to me and which our insurer wouldn't cover), the surgeon and the anaesthetist's bill. I was wondering whether self-insuring would make sense?
I haven't really calculated the numbers properly, but wondered if anyone has used the money they were paying for their private health insurance cover to invest instead in either property or shares, with the intention of cashing these in (or drawing up the equity through loans, Loc's etc) and using that money in times of need?? In our case, we would be in a position to initiate the plan now, without having to wait for the new investment (property or shares), to grow in value.
Just a rough idea, and may not really be feasible or worth the risk. My wife and I currently have top hospital cover with cover for extras. We are supposed to be well insured, but when something like a facility fee crops up which isn't included by our insurer, I sometimes wonder if there is a better alternative??
Look forward to reading your replies - pro's and con's.
Regards Jason.
I haven't really calculated the numbers properly, but wondered if anyone has used the money they were paying for their private health insurance cover to invest instead in either property or shares, with the intention of cashing these in (or drawing up the equity through loans, Loc's etc) and using that money in times of need?? In our case, we would be in a position to initiate the plan now, without having to wait for the new investment (property or shares), to grow in value.
Just a rough idea, and may not really be feasible or worth the risk. My wife and I currently have top hospital cover with cover for extras. We are supposed to be well insured, but when something like a facility fee crops up which isn't included by our insurer, I sometimes wonder if there is a better alternative??
Look forward to reading your replies - pro's and con's.
Regards Jason.