It can be hard trying to justify buying medical insurance. Especially if you’re one of the legendary few who never go to the doctor and haven’t had a day off work in you’re life.  If that’s you, congratulations you statistical anomaly you.

For the rest of us who aren’t superhuman there’s a pretty good chance we’ll have some form of treatment in our lives. And when I say ‘pretty good chance’ the $828 million paid out in health insurance claims to March 2011** should give you an idea how likely it is that something will happen to you.

In my own case I’ve had a minor surgery and a handful of specialist appointments in recent years. All up the cost was around $6000 and was incurred prior to me turning 32 (I’m 36 now).

My wife has had back surgery, the attendant specialist appointments, a few laparoscopies and some other bits and pieces. Her bill is a bit higher (more like $30,000) and like me she’s under 40 years old too.

There’s no way we’ve paid $36,000 in total insurance premiums let alone just medical insurance premiums so it’s been a pretty good investment for us. Likewise, we don’t have $36,000 just sitting around to cover this kind of thing either, I don’t know many people who do!

Take a look at this Surgery cost guide that we picked up from Onepath. Maybe medical cover is worth looking into more closely?


**As reported by the Health Funds Association of NZ in their June 2011 newsletter

About Campbell Hastie

Cam is one half of Auckland based mortgage brokers, The Go 2 Guys.

He makes a living by sharing what he knows about mortgages with people, arranging mortgages for people and then insuring people.

He doesn't claim to know everything about mortgages himself which is why he teamed up with David Mercer — hence the ‘2’ in Go 2 Guys.

He writes posts regularly on his blog and has been told he has an ability to share his knowledge in a simple and sometimes memorable way.

Feel free to comment and ask any questions. Contact Campbell Hastie m: 027 697 7789.

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