If you use Private Health Insurance (PHI) you will pay maximum $100 gap plus any excess. Most clients who have PHI Hospital cover will be covered for vasectomy and the hospital will run a final check for you a few days prior to the procedure date to confirm. You can also contact you health fund and quote item number 37623 to confirm your cover and excess. If you do not use PHI but use Medicare only then the cost is $1,050.