I am often asked to compare the NHS to a bank.
It’s not as simple as it sounds.
You can do this with this simple infographic.
You will find out how to save a lot on the health service with just $1 in your pocket.
Here is the breakdown:1.
Health insurance – You will pay the full price of your own health insurance at the point of use.2.
Pensions – You pay the amount of your pension at the time of your death.3.
Paternity insurance – Your partner pays the rest of the costs of your child’s birth.4.
Child benefit – Your child will receive a portion of your children’s support after your death and is entitled to an annual lump sum of up to $1.6 million.5.
Carers’ allowance – Your carer will get the same amount of money as a non-carer.6.
Medical insurance – It’s a good idea to save some money on your medical expenses.
For instance, you can pay your private doctor up to 10% of your medical bills for your family.
This helps you to pay for the costs related to the care of your family members.7.
Children’s benefit – The Child Benefit Scheme is a great way to save on childcare costs.8.
Pension – If you are in work, you should save a little for your pension.
This could include buying a house or getting a bigger pension.9.
Child tax credit – If your child earns up to 60% of the average wage, you may qualify for Child Tax Credit.10.
Disability Living Allowance – This is an entitlement which gives you extra income.
You might have to do a bit of work to qualify for this.