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    Default Aussie Mum's 1m bill for overseas holiday birth

    Here is the link: http://news.ninemsn.com.au/health/84...-holiday-birth

    Wowser! I can't believe how positive they're being about this, I don't know how I would sleep at night with a one million dollar debt hanging over my head, so good for them with such a positive attitude towards it I guess.

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    wowsers!

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    I think it would help that they only have to pay $300 per month towards it..
    I don't understand how they thought they were covered but werent.. Maybe cos I've had premature babies im a bit more cautious but wouldn't that be the first thing you'd check?

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    Quote Originally Posted by 2girls1boyplus1 View Post
    I think it would help that they only have to pay $300 per month towards it..
    I don't understand how they thought they were covered but werent.. Maybe cos I've had premature babies im a bit more cautious but wouldn't that be the first thing you'd check?
    I feel for them so much!!

    But...most product disclosure statements are fairly clear about what they cover and don't in regards to pregnancy. Something to the affect of child birth at ANY gestation, care of a newborn child and regular antenatal care. I believe this is the wording in the polices I am familiar with.

    People do not read the product they are purchasing, or they read it and don't understand it. Instead of calling and getting clarification of what there is and what there is not provision for coverage.

    They then go to high cost countries and end up with HUGE bills for medical care. I feel for them and I am rather impressed they are able to pay it of at such a low rate per month!

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    wow, over $8000 per day!

    my maths might be wrong but at $300/month it would take 277 YEARS to pay off, assuming it was intrest free

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    Hooley Dooley

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    At least $300 per month is manageble, and consequently preferrable to declaring bankruptcy and starting over.

    Though, even without any interest charges, it will take about 277 years to pay off, so it is going to be a lifelong commitment at that rate.

    And if interest is being charged, well if the interest rate was anything greater than 0.36% then their repayments are less than the interest incurred.
    Last edited by sweetseven; 17-03-2012 at 18:51.

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    Yeah, that is a bad thing to have hanging over you mentally, but considering they are paying off $300 a month, that is 3,600 a year. So they will never ever have to pay it off really. Good negotiating.

    I think they are calm because (and I am making a HUGE assumption), I think they are well off so it would be less of a stress.

    I know they should have made sure their policy covers birth considering they were pregnant, but I also feel sorry for them. I don't think I would be so fussed about checking cover for birth if I knew I would be back in australia by 26 weeks. So I would have been caught out too most likely, Im not really good with that sort of thing!

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    It says the baby was born 26 weeks premature

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    Quote Originally Posted by BigRedV View Post
    It says the baby was born 26 weeks premature
    I am guessing that is a reporting error, and that the baby was born premature, at 26 weeks gestation.

    26 weeks premature is only 14 weeks gestation and I do not believe a baby at that stage would have any chance of survival.


 

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