Health Insurance or Not?

My experience has been not so great service if they can't get some extra money some how. (INS.)
They just don't seem that interested in you.

As for discounts. I'd like to know where.
I"m currently paying $4500 for one IV bag. That bag sure came with a lot of other things. Along with the price of that bag.

 

See, this is where people get suckered in.

Let's run the numbers. Say, you have that $8,000 deductible and then 100% insurance pay (not an uncommon HSA arrangement). You pay $8,000 on a $28,000 bill. Now, because it's an HSA, that $8,000 came out of your HSA account pre-tax, so it's actually a net cost of say $6,500 to you.

With the "low deductible" policy, you'll have the $500 deductible, but you ALSO get the 20% copay. So, if you have a $28,000 claim, as suggested, you pay your $1,000 PLUS 20% of 28,000, or $5,600. For a total of $6,600.

Which is, of course, suspiciously close to the $6,500 for the HSA high deductible plan. Plus, if you do NOT use the HSA plan, you get to convert it to retirement IRA type money when the time comes. AND you got the lower premiums.

Run those same numbers on a $75,000 hospital excursion for, say, a blood clot or heart attack, and the HSA plan looks just fine.

The low deductible plans are there for people that can't or won't plan ahead, but generally the high deductible HSA plans are financially more attractive. You just have to put a little money in to self insure through the bumps.

 

Maybe you haven't learned yet, but nothing is free. If we get Medicare for all YOU will pay for it one way or another. Either with huge taxes or very poor heath care. Doctors aren't going to pay $500k to become a Doc and then work for peanuts.

 

I can't thank this post more than once or I would thank it 100 times.
Me and my wife have a high deductible with $5000/$5000. First person needs to use it is $5000 on us for a the year. Second to need it another $5000 on use for the year. After that 100% paid up to $1M each. Cost $400 a month which is still outrageous to me. To go along with this we have an HSA (you can't have a HSA without a High Deductible Heath Account-HDHA) with $20k. Which means we both can have a major problem for 2 years or 4 years for 1 person paid for.
On top of that it's all deductible, and the HSA is invested in the S&P 500 and growing with market. AND when we reach retirement and haven't used the HSA money we can use it as retirement money when we sign up for Medicare.
Only downside is it doesn't meet Obama care requirements, but Trump fixed that by doing away with penalties.

 

I pay $600 per month with a $10k ded just for myself.

I want your $400 plan.

 

Holy C H I T...

 

Looks Like prices change when you hit 52.

Unless things changed recently.

 

Trump is starting to force transparency with hospitals and insurance now. Maybe it will help get prices down.