2. What do I need coverage for?
Health Insurance should not be one of those bills that you set and forget about. You definitely shouldn’t downgrade your hospital cover for the sake of saving a couple extra dollars each month, but you should consider if there are services you may not use in the next 20 to 30 years.
Statistically, the chances of a woman in her twenties needing a full joint replacement are quite slim, but if you have top cover for pregnancy, then chances are you’re paying for services like full joint replacements. If you don’t think you’ll need something within the next 5 years then you should look at potentially taking it off your cover.
Some policies will allow you to take pregnancy off, but keep most or all of the services associated with top hospital. The trick is reviewing your cover often enough so that your coverage is relevant to your current needs.