Hi all
I agree with 7gcbc, read carefully and choose carefully.
However, I am currently paying $44 per month (allot if your on Austudy) for Hospital and extras. Is it worth it, hmmmm maybe not.
There would be a total spend of 44x120 = $5280 if you take out insurance at 31 over 10 years.
Or
If you wait until about 41 (still a healthy age) to take out insurance and you were to place $44/ month into an online account @ 5.3% compounded monthly for 10 years (31- to age 41) that would be $6942.70. A difference of $1662.
You may be better off staying on the public system for a while! Maybe I might take my own advice and drop the lot!!
Ash
