Private healthcare

[slinxy]

Hi chaps

I’m lucky enough to get private healthcare with my work place.

Thou the cost of the private healthcare is free, in the terms that work pays for it. I have to pay the tax as it’s considered as a taxable benefit.

The cost of this has jumped from £57.50 to £73.50 (22%), therefore I'm no longer paying £11.50 per month but £14.70 per month, that's £176.40 per year
I'm thinking of opting out of the scheme as I don't use it so it's not much of a benefit.... but with the state of the NHS, it

Thoughts?

 

[slinxy]

Its all very well getting PMI when you're in work.. But come retirement? When that expires and you need it most and you have no nhs?


Death of pensions and NHS is going to really bite.

Some pension annuities have it baked with the plan...
a good reason to use part of the pension pot buy an annuity.

 

[slinxy]

I know you say your employer pays it but ask yourself where does that money comes from?

most employers want their staff back and working as soon as possible and they would rather pay the extra to ensure that.

I don't think that I would get any additional cash if I opt out anyway and it's considered as part of the totally hiring cost of a member of staff.

I've never needed any hospital stay myself, I'm quite robust now a days... I do get colds/flus very often and sometimes need roids to get over the chest inflection that comes with them but my GP is used to me calling/moaning about it and they normally write a subscription up without needing me to visit, hence why I was considering opting out of it.