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Hospital Cover Dilemma

November 5th, 2010 at 10:05 am

I am trying to add the cost of hospital cover to my bill budget, before I have pay a lot more as I get older if I don’t, as it is I have to pay an age surgechange of 40% now and it will go up by 2% each year that I delay. This will mean an extra $95 per month on top of what I am out laying now for all other bills.

This is because up till now I couldn’t afford to cover for hospital and we have a free public hospital here, but they are now over crowded with a very long waiting list for any surgery. This hospital cover I am thinking of getting is just for basic cover, so I may have to go to public free hospital if I need major surgery like hip or knee replacement. I will have an excess of $500 for hospital per year if need it but will have a float to cover this part.

By putting away around $300 each fortnight I can do this, but any car services will need to come out my personal living area of my budget. I am thinking that may be by buying a few less books and few other little treats at times when I do have to do something with the car, as I always have floats so I can borrow from these at pinch and pay back as soon as possible by cutting back on wants but not needs.

3 Responses to “Hospital Cover Dilemma ”

  1. Jerry Says:
    1288956075

    This is a serious consideration and I think that you are wise to add on to the free hospital with some insurance coverage. If it leads to some peace of mind it is worthwhile, let alone if you should actually ever need it! Good luck...
    Jerry

  2. Joan.of.the.Arch Says:
    1288970703

    I'm glad you will be able to get your hospital coverage. We are using 30% of our income for insurance. If it gets significantly worse, I think we will just give up our car all together.

  3. Tightwad Kitty Says:
    1288986247

    I got 5 weeks to sign up for this or I will pay more next year. I worked this out with my Bill Estmate Tracker that I made in Excel. $300 is the minimum so that I can keep my float $1200 for the following year's budget. I have a rollover bill budget. More about this in another blog.

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