QUOTE (ellebelle @ 24/01/2013, 09:51 AM)
Very few of us claim for the hospital component before we are 40. There was an article recently, stats which I don't remember exactly, but something along the lines of claims being very skewed to those over 65. Basically, the govt has worked out a cut off where it is felt that we are contributing long enough to keep the system viable, and the line in the sand is 30. I'm in my early forties and except for obstretics have had no need for the cover either to date. It's not a "bonus" that others come later and then start claiming sooner - it's a drain.
It's quite simple economics. Your husband saved money by avoiding paying PHI while he was young and statistically less likely to need it. Now he is older and more of a liability to the PHI company, they need to recoup the costs.
and pretty much this. And people were given HEAPS of warning that they would be penalised if they didn't have private hospital cover by the time they are 30. So it shouldn't come as a surprise. Choose not to have private hospital cover after the age of 30, then you are choosing to penalised if you decide to sign up when you are older and are just going to cost the insurer a lot of money.
DH & I signed up at 30 - cheapest policy we could lay our hands on. We did it to avoid being hit with a surcharge later in life. Signing up when you are in your mid-50's whacks a big penalty on to the premium.