Kam her um dies zu schreiben PFand dann dies und whlte hoch . <| sep |> I was wondering the same thing <| sep |> I think the math is even better than you think correct me if I am wrong , I am not a mathematician , just a poor person who tried to read the fine print and do the sums . If you check that link , you receive 1094 permitted days without cover . Then , when they can charge a loading , the loading only applies for 10 yearsIf health insurance is $ 3000 a year when I am 31 , say I don ' t have it for 10 years , I save $ 30 , 000 or likely a lot more as prices will rise , and I can invest the money I am saving , but for simplicityIf I chose to get it at 41 , I would pay a 14 % loading for 10 years the first 1094 days after are ' permitted days without hospital cover ', so I pay 2 % x 7 years 14 % loading Say health insurance is now $ 5000 a year for the next 10 years . I would be paying an extra $ 700 per year for the 10 years maximum they can charge the loading , so I pay $ 7000 more in those 10 years than if I wasn ' t being charged the loading . I am still much better off . Yes these sums are not exact . The cost of health insurance will rise , incomes will also rise , the medicare levy surcharge threshold will rise , if I had health insurance I get some benefit otherwise I must pay out of pocket . The laws may change in the future and the loading may be higher , and the 1094 day rule , and the 10 year rule may disappear . Every financial decision is a gamble about what will happen in the future . But you need to consider the time value of money sometimes money in your hand now is much better than money saved in the future . At the moment , I make under the medicare levy surcharge threshold , am in good health , have a bulk billing doctor , a reasonably priced dentist I only need to see for check ups and I do purchase ambulance cover . For me I am willing to gamble on the fact I think I will save more money by not having it and using the money for other things now . If my income were to rise above the levy surcharge threshold , or I started needing dental work , or I had children or something , I may reconsider . EDIT switching levy for loading in a few places