[jimmyxr6t04]

I'm still in two minds about private health insurance. We have it for the family, and it costs 2-3k per year... I thought i was exempt from the medicare levy, so it was worth it for that alone. Wrong! Only exempt from the surcharge.

We've only had to make one claim, and on a $300-400 item we still had to come up with about $150.

It really annoys me that i fork out so much for it, yet i still have to cover the 'gap'...

Hypothetically speaking, if i had insurance for the past 10 years, and was paying 3k per year, that's 30k. I could have put away 3-4k per year and have had 40k sitting in the offset account.

I guess it's worth it for the major things, and i suppose that's why i keep paying it! You just never know what's around the corner. $50,000 doesn't go far if you need major surgery.