5 Reasons to Get Private Health Insurance

Reasons to Get Private Health Insurance

Have you ever thought about getting private health insurance, but never quite got around to it? Perhaps you have been tempted to get private health insurance, only to be put off by the choice or the cost. Choosing private health cover can be tricky, and for some, it can seem unnecessary. However, there are some very good reasons why you should put aside your doubts, and get private health insurance coverage today!

5 Reasons You Should Get Private Health Insurance

 

1. Emergency Issues

No one has a crystal ball. Well, some fortune tellers obviously do, but it’s debatable whether they work. For this reason, no one can predict a trip down the stairs, a slip on the pavement, or something more serious.

Unfortunately, there are some medical emergencies that need a ride in an ambulance or a long stay in the hospital. If you don’t have private healthcare to cover these eventualities, you could find yourself paying steep medical bills out of pocket at a time when you should be concentrating on recovery. However, if you have private health insurance, then you don’t need to use your emergency fund to pay for these expenses.

2. Nice Smiles

Nice smiles and good dental insurance rarely come for free. From regular check-ups and fillings, to cleanings and braces, going to the dentist is a must. It can also be expensive – especially if the whole family needs to go. One of the reasons to get private health insurance is because it can cover extras such as dental. Having these insurance extras can greatly reduce your out-of-pocket costs in the dental chair. The same goes for optical extras, physio extras, and so much more.

3. Family Coverage

Anyone who has kids knows you can’t protect them in a plastic bubble. They get in scrapes, break things, and occasionally get sick. Additionally, they need glasses, they braces, vaccinations, and regular check-ups.

If they require a trip to the doctor, the dentist, the orthodontist, the optician, or even the hospital, those costs can really stack up. Private health insurance can cover the whole family, so no matter who needs treatment, they can get it!

4. Saving Money

There are various government-related reasons to invest in private health coverage as well. First, the Private Health Insurance Rebate offers up to 30% rebate on private health coverage costs.

There is also Lifetime Health Cover loading, which encourages you to get private health insurance by the time you are 31 (before it starts getting more expensive). And, if you earn over a certain amount and don’t have private healthcare, you may have to pay the Medicare Levy Surcharge.

5. Cheaper Options

If you have put off buying private health insurance because you think it’s too expensive, it might be time to think again. There are a number of basic options to choose from. Best of all, you can mix and match hospital and extras coverage with different providers to get the best deal.

Where to Shop for Private Health Insurance

If you are looking into purchasing private health insurance, there is more to consider than just the premiums and deductibles. Many employers offered sponsored plans, but there are other options out there.

For those who do not qualify for employer-sponsored plans, you can visit the Health Insurance Marketplace established under the Affordable Care Act to compare your coverage options. Not only can you see if you qualify for a subsidy, but the site also provides information about private plans as well.

When making your decision, be sure to compare all your options. You can learn more about the different types of insurance plans here. Be sure to choose the option that gives you the coverage you need, at a price that suits you. Always read the small print and ask your insurer questions if there is anything you are uncertain about. When it comes to your health, you don’t want to leave anything to chance.

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One of the Best Investments for Your Career

Learning a second language can be a fun way to open up the world and embrace new possibilities in travel, friendship, food, culture and a host of other cool things. Aren’t you tired of being monolingual when more and more people from around the world can speak one or more languages including English?

A Worthy Investment

Consider learning a new language as an investment, but not like your regular stocks, bonds and gold type. Were talking about an investment in yourself.  When you take the time to invest in learning another language, you’re giving yourself an extra tool to succeed and go places. You’ll never view the world in the same light once you immerse yourself in the culture of another country.

 

Aside from the many health benefits being bilingual can give you, such as delayed onset of dementia and Alzheimer’s disease, knowing how to speak in another language gives you opportunities that you otherwise would never have gotten had you stayed monolingual, like getting that assignment overseas or pulling double duty as the company’s in house translator and getting paid more. If your boss is looking for the best quality French translation services, tell her you can handle it.

Be Free

But how can you learn another language without breaking the bank? Rosetta Stone and other programs cost way too much. The whole shebang to learn Spanish from Rosetta Stone will set you back hundreds of dollars!

The point is, do you really want to pay that much to learn a language when there are tons of resources online that can help you for the good old price of free?

 

Duolingo is an excellent resource if you want to learn most European languages for free. Choose from German, Irish, Spanish, French, Italian, Portuguese, Dutch, Norwegian, Turkish, Danish, Swedish, Esperanto and Ukrainian. Google Translate is another useful and free tool at your disposal. It’s not as accurate as a native speaker and botches complicated phrases, but for the basics, it’s pretty accurate, and you’ll only need to know 20% of the words of another language to be conversational.

 

Watching foreign language TV shows and movies is also one way to learn a language quickly. Make sure you know most of the common words, so you’ll be able to piece sentences together faster. You can also go to TuneIn internet radio and search for foreign language radio stations. Try to read a few books in another language too, with Google Translate at the ready.

Time to Practice

Once you’ve decided on what language to learn, use all the free online courses on Duolingo and other services such as Livemocha, Foreign Service Institute and a host of others. If you feel you’ve learned enough and are ready to talk to a native speaker, do a Google search of all the restaurants in your area that serve foreign cuisine.

Go to the restaurant to verify if the owner or someone else speaks the language you want to practice. Smaller cafes, bakeries, etc have a bigger chance of the owners manning the place, so they’re your best bet. Once there, try striking a conversation in their native language. They might be surprised at first and puzzled by all your mistakes, so explain to them that you’re studying how to speak their language.

If you’re too shy to strike up a conversation because you feel you’re not that good yet, you can always go virtual and pay someone to talk to you. The website italki.com has excellent resources for you to tap into for as little as $5 for a one-on-one session with a native speaker. It sucks that you have to pay, but immersion is very important if you want to make the new language stick. You can’t talk to yourself and expect to learn anything.

The world can be your oyster when you can speak more than one language. Consider learning a new language and give yourself an upgrade. New cultures, beautiful cities, delectable food and wonderful people are waiting for you across the globe.

 

Stop Buying Junk to Be More Sustainable (Financially)

There’s an old saying in business that you have to spend money to make money.

Some people argue that the more you spend, the more you’re forcing yourself to look for more ways to make even more money, but that’s a little absurd. While this sounds good on paper and guarantees you’re always going to have the best stuff, it’s a recipe for stress and disaster.

Only buy what you need, when you need it

Consumerism is great for the economy, but it’s bad for your finances. Don’t be a tool and get sucked into buying a new smartphone every two years just because a new model comes out, or a new computer because the one you’re using is more than four years old.

As long as your stuff is working and serviceable, do your wallet and the environment a favor and don’t buy a new one.

No one’s going to judge you if they see you using an old iPhone or an older computer running Linux. The need to buy and use the newest toys is unfortunately, all in your head. A troubling fact is that some people even buy new stuff on credit, with absolutely no plan on how to pay it all back. This pushes them over the limit, and their lives now revolve around debt and more debt.

Take a look around and do a quick inventory of what you need and use on a daily basis. It could be as simple as:

 

  1. laptop
  2. smartphone
  3. coffee maker

 

Now, ask yourself if you really need a new phone, laptop and coffee maker when the old ones are working just fine. It’s such a waste to be living in excess, so everytime you get the urge to shop for anything new, make an assessment of what you currently have and check if it needs to be replaced. You’ll be surprised how fast the itch to buy fades away when you realize you really don’t need anything new.

A Word to the Wise

There’s another old saying that money should be spent wisely. Instead of buying a Samsung Galaxy S6 Edge or iPhone 6 Plus, consider getting a mid-level phone with flagship specs from smaller phone manufacturers such as OnePlus, Asus or Xiaomi at more than half the price. Instead of buying Windows or Mac, look into free alternatives such as Ubuntu or Linux Mint.

 

For businesses, it’s a little more complicated, but completely doable. For small software companies, consider doing all test automation in-house instead of going to pegasie.com and paying for their services. In business, overextending your finances is a big risk that often leads to problems. If the project is small enough and your team can handle it, do it in-house.

 

Look at the Long Term

Look for long term buys or items that will last a long time before they need to be replaced. Choosing to buy a top of the line computer ensures that your rig can still run anything you throw at it after a few years. It may be more expensive now, but you’ll resist the urge to keep buying something new every few years because your old  processor becomes obsolete.

 

Another long term buy is a good bag. If you buy a cheap one for $50 bucks and it only lasts you a year, wouldn’t buying a branded bag worth $300 be a more worthwhile investment, especially if the quality of materials used and workmanship will make it last more than a decade? Of course it is! The same can be said with shoes and other crafted items.

Final Thoughts

The world is suffering from excess waste as it is, and never ending shopping sprees encourage us to do even more damage. The real winners here are the manufacturers, because they can make consumers fall for their marketing gimmicks easily. The losers are the people who get suckered into buying stuff they don’t need. Be content and find happiness in what you have. Your wallet and Mother Earth will thank you for it.