We chose to go with Private Health Insurance about a year before TTC so that we would be covered. We are with NIB and pay about $169 per month for full cover for family and this will include bump when he arrives all we have to do is call NIB so they put him on the policy. This covers all the private hospital costs including theatre if needed which can apparently get into the thousands. We only need to pay the $500 excess and pay extra if the annethestic guy is needed cause they get billed seperatley. Make sure your insurance covers special care nursery if baby has to be taken to baby intensive care. Apparently not all health insurance cover that. I asked my local public hospital about having the baby in public as a private patient and they were not that happy to do this and could not guarantee a private room. In fact I was so upset that they were so rude about it that is why I decided to go Private. My Ob is only one block away from my private hospital also, thats great cause I know if something happens I am close to him and the hospital. I have had a tour already of the hospital and it was lovely and quite and clean! A lot of public hospitals are a bit grubby, so keep an eye out for that when you decide.