Complaining about the cost of private health insurance is Australia's national sport. It's not entirely unjustified; premiums this year went up by an average of 5.59%.
However, there's one reliable way to make health insurance even more expensive: move overseas to work. Health insurance is generally pricier for non-citizens than citizens, and some countries turn out to draw a lot more fiscal blood than others.
It's not surprising that the US is the most expensive location, and there is a massive difference between it and second-placed Hong Kong, but it is seeing increasing competition from other markets. See the table of expat health insurance costs here.
While you may not be able to avoid expat health insurance costs, and the inveitable increases, there is one area you can save, specifically on foreign currency transfer costs.
Transferring the required funds to and from your homeland can be expensive, especially when using the traditional channels, such as the big banks. But there is change afoot in the foreign currency business.
One the latest entires into the currency transfer business is Flash Payments, a cutting edge FinTech start up based in Sydney Australia.
Unlike the traditional currency converters and the big banks, Flash Payments is re-engineerd from the ground up. They deliver exceptional transparency, speed and transaction control to their customers.
Flash Payments enables their customers to track their currency transfer like a package from start to finish, so they know exactly what they are getting, without hidden fees.
Also, customers can look at past exchange rates and choose the conversion rate they'd like. Users can even plan and automate their international money transfers.