Renata1079 Your story is my story. For 30 years we had a private dentist and paid as we went and I am sure we saved on it.
We did the same with private health insurance. The cost was reasonable until we reached 70 and then rocketted, so we cancelled the health insurance and opened a Building Society Account that we call our health fund and each month we transferred into it the amount we paid for private health insurance before we were 70. We have never raised our monthly payment. Nearly 15 years later this account now holds a substantial sum.
We have drawn on it for a number of minor medical problems and it paid for a tooth implant. What is more the account holds a big enough balance to cover something like hip surgery, if ever needed.
The biggest bonus is that all the money in the account belongs to us and whatever sum of money is in it when we die will form part of our estate. It will not all be in the bank account of a health insurer.
So…..what are we all up to on this beautiful sunny bank holiday? ☀️
