My major beef with the private health system is that although you can have the highest family cover paying 4K per year for hospital and extras, you will still be out of pocket in most cases. Just doesn’t seem right……..
I’ve found it a more sensible option for us, to place those premiums in a high interest ING account for medical use only. It doesn’t take long for it to build up into a considerable amount…….plus that money isn’t lost if you aren’t sick and you earn interest on it!!
We have a public system for those serious and emergency scenarios that is more than adequate and for those not so urgent conditions my own medical account is what gives me that peace of mind and SANF.
I’m not anti insurance, we all have trauma insurance……..even my 9 year old is covered under mine, plus income protection etc. I just find that gives us more options, better coverage and we are better off financially. I’m not concerned about paying the extra levy. Some people like to pay $1 to save 50c in tax, some don’t. Some like to pay health insurance so they don’t have to pay the extra levy. That’s just not me!
Then its all about your choices……..no way is going to be ideal for everyone.
Ruby
I’ve found it a more sensible option for us, to place those premiums in a high interest ING account for medical use only. It doesn’t take long for it to build up into a considerable amount…….plus that money isn’t lost if you aren’t sick and you earn interest on it!!
We have a public system for those serious and emergency scenarios that is more than adequate and for those not so urgent conditions my own medical account is what gives me that peace of mind and SANF.
I’m not anti insurance, we all have trauma insurance……..even my 9 year old is covered under mine, plus income protection etc. I just find that gives us more options, better coverage and we are better off financially. I’m not concerned about paying the extra levy. Some people like to pay $1 to save 50c in tax, some don’t. Some like to pay health insurance so they don’t have to pay the extra levy. That’s just not me!
Then its all about your choices……..no way is going to be ideal for everyone.
Ruby