Author Topic: Private Health Insurance - Australia  (Read 4042 times)

Julard

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Re: Private Health Insurance - Australia
« Reply #50 on: March 19, 2018, 04:40:57 AM »
Quote
Interestingly, I have private health insurance for the same reason as you don't!

Maybe I'd feel more that way if the private health rebate was reduced, but $6bn or so a year is a lot of money.  And the moral question re higher bank balance / better availability of care would still remain, so I've taken my bat and ball and I'm not playing.  Not that I'm expecting it'll make a difference to anyone other than me, it's just one more lame, weird hippy thing (15y/o).

krustyburger

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Re: Private Health Insurance - Australia
« Reply #51 on: March 20, 2018, 05:27:25 AM »
So for a single tax payer, Tier 1 MLS is 1% on a 90-105K income, or $900-$1050
The cheapest junkiest policies for a single cost somewhere between $850-$1200 per year and don't cover anything really except one emergency ambulance ride.
An emergency ambulance ride here costs $949.
So I think I will continue to take my chances with fate and our excellent public health system until if and when I hit Tier 2 income (105,001 - 140k) at which point I will redo the maths.

Confusingly I think there's a rebate of 15% or so if you buy private health cover (why?), so you might end up saving a little bit, but basically I came to the same conclusion as you, I'll run the numbers again if I'm ever at tier 2 income.

Fresh Bread

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Re: Private Health Insurance - Australia
« Reply #52 on: March 29, 2018, 12:08:14 AM »
I went to the dentist and she said I need to start planning for four crowns. I've got one particularly massive filling plus 3 others that I don't believe are really huge or critical.

On my current high cost extras package, I get $1100 towards a $1600 crown. As a Bupa patient without crown cover, I'd get it for $1600. I'm not keen to shop around - she's gentle and has small hands :)

I was on the brink of dropping my extras cover but now it seems sort of worth it if I add that $1100 to 90% back on general check ups and contacts, plus an annual podiatry visit for me (got funny feet) and a couple of inevitable physio trips for hubby (sportsing). If hubby needs a crown too it's definitely worth it.

I don't know why I'm posting - maybe to say look after your teeth!!

middo

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Re: Private Health Insurance - Australia
« Reply #53 on: March 29, 2018, 12:34:53 AM »
I went to the dentist and she said I need to start planning for four crowns. I've got one particularly massive filling plus 3 others that I don't believe are really huge or critical.

On my current high cost extras package, I get $1100 towards a $1600 crown. As a Bupa patient without crown cover, I'd get it for $1600. I'm not keen to shop around - she's gentle and has small hands :)

I was on the brink of dropping my extras cover but now it seems sort of worth it if I add that $1100 to 90% back on general check ups and contacts, plus an annual podiatry visit for me (got funny feet) and a couple of inevitable physio trips for hubby (sportsing). If hubby needs a crown too it's definitely worth it.

I don't know why I'm posting - maybe to say look after your teeth!!

Good teeth are a good investment!  Fluoride, brushing and genetics all play a part, but without the two you can control, good genetics along don't do much.  I recently read that under half of the Australian population brush their teeth twice a day.

Sounds like the extras would be worth it in your case.  I last went to the dentist about 10 years ago and they polished my teeth and they hurt for a week.  Might go to one in the next decade...

Fresh Bread

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Re: Private Health Insurance - Australia
« Reply #54 on: March 29, 2018, 12:43:04 AM »
Yeah I saw that study - I'm definitely one of the population brushing them twice a day. I'm a little lax on flossing. In my youth there was six months backpacking with poor hygiene and lots of lollies, which was my downfall.

Grogounet

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Re: Private Health Insurance - Australia
« Reply #55 on: May 14, 2018, 11:46:32 PM »
I made an article on that:
http://www.quest2independence.com/finance-australia/figure-out-in-five-mins-if-you-need-private-health-cover-and-get-the-best-price-for-your-cover/

Might be useful for others
and happy to add onto the details I might have missed