I'm not with Medibank but my phi is the same, only covered my EPU and anaesthetist and some meds when I did my FET. PHI also totally covered the cost of my laparoscopy, and I never would have had that procedure if not for fertility treatment. They don't need to cover much really as medicare covers so much of the costs related to IVF. However, when you're admitted to a private hospital, even just for a day procedure, the cost can be a few thousand dollars still...ivf is so expensive as it is, I'm glad I don't have that bill on top of everything else! But if you think that you would come out ahead by paying those fees instead of phi fees then it may be worth dropping your cover down. I know in my case, we use our phi a lot so it's not worth losing our top hospital cover - but you might decide it is for you.