I have health insurance in place. I pay about $55 a month for having it in place. It covers seeing a specialist and also surgery.
I'm 23 at the moment but can only see this getting more and more expensive as time goes on.
I've been doing a bit of research into "self funding" health insurance. Basically, instead of paying the insurance company my $55 per month, I pay myself into an emergency fund account and it is there when I need it.
The reason I'm thinking of this is that for my $55 I'm paying, the insurance company has it all figured out that I'd only ever likely claim on about half of that. The other half goes into paying the insurance companies expenses then a big profit for them on top.
I'm still keeping my car and basic contents insurance in place. Just in case I crash into a BMW or burn down our flat.
Thoughts are appreciated. Especially from anyone who is self funded.