Private health struggles as young drop out

The Australian

4 October 2019 - Beth McMullen feels caught in a bind. She’s paying $140 every month for private health insurance, but it’s a product she doesn’t want and doesn’t see the value in having.

“I’m confident that I’m wasting money,” McMullen says. “I know that my premiums have doubled since I’ve been paying for private health over the past eight years. And my benefits, especially on extras cover, have not gone up at all.”

McMullen plans to cancel her private insurance soon, and on an income of about $50,000 a year there’s little financial incentive to stay — she’s paying more for her insurance than she’d be slugged in a Medicare levy surcharge if she cancelled.

Read The Australian article

Michael Wonder

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Michael Wonder