Grier
Well-Known Member
It is a calculated risk not to have private health insurance Thomas but with Australia's Medicare major operations and procedures like Heart, Cancer, ... are provided free to public patients like me. It's more the elective surgery one has to pay for. One can even get hip and knee replacements on the public system but the waiting lists are very long. I'd consider paying out of my slush fund to avoid a long wait.That sounds a bit risky to me, Terry. Who will pay for a major operation then, should it be necessary? A heart operation might cost you up to 35,000€, 42,000€ for a skin transplantation, 32,000€ for a chemotherapy, a stent would be 16,000€ , a bypass 30,000€ just to name a few.
We do have private health insurance but it's not as advantageous as it used to be and it chiefly makes sense for civil servants who get a 50% allowance from the state. For all the others, insuring oneself privately is risky and has ruined the prospect of a care-free life as a retiree for those who got trapped in it by signing up as a young family. When money is tight as a young family, you might get attracted by the low premiums offered to you as compared to compulsory insurance. For retirees, though, premiums are very high eating up a large portion of your pension and, thus, leaving very little leeway financially while those of the state insurance are very low. The sting in the tail is that the decision to get privately insured which you made 40 years earlier is binding for a lifetime. If it weren't, people would always go for the lowest premiums. I'd have ruined my life as a retiree if I'd given in to the temptations of low premiums as a young man with a family.
My wife has an additional private dental scheme and has fared very well so far. I don't have one but we never pick the standard treatment that is fully covered by the insurance but always treat ourselves to something extra if you like but which isn't an extra. Getting an amalgam these days, for example, would be crazy but is the standard dental care for a filling.
That's the downside of public medicare, waiting lists can be long but not for heart issues which are prompt and of a very high standard in my state of WA.
In recent years I had skin issues and had to pay the Dermatologist over $1000 out of my own pocket.
For services like X rays and ultra sounds my Doctor requests they be bulk billed for me.
It's my pets that cost me mostly for medical care.