Private health insurance cover

As most people reading this will be aware, you can get a range of cover for "extras" with private hospital insurance. And for services that are not too dear and not too often called upon that can be worthwhile. The cover is for such things as spectacles and hearing aids and dental costs up to a limit.  A small contribution to some medical costs can also be available.

I have maximum ("top") cover so my experience might help others to get a grip on what is available.  The premiums I pay to my fund (CUA) are higher than most but they are unusually generous with hearing aids.  My last lot cost nearly $4,000 and they paid nearly half of that.  I rarely have dentistry and what I have is simple so last time they paid all my costs.  There was also a substantial benefit for new spectacles.

But the most interesting case is what it cost me for my recent big cancer surgery. I was on the table in Brisbane Private Hospital within a week of the cancer being detected. I was in intensive care for a couple of days afterwards so that would have generated an enormous bill from the hospital which my fund paid in full.

The surgeon and her assistant sent me a bill totalling over $5,000, of which Medicare paid $1500 and my fund paid nearly $500.  So I was around $3,000 out of pocket.  In my younger days however I lived frugally and was able to put aside substantial funds to cover "a rainy day" -- so $3,000 was no problem.  Savings are the true health insurance.  It's towards the end of your life that you incur most of your life's medical bills. Proverbs 6:6-8 refers.