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Posted on 12/19/16 at 10:52 am to Napoleon
I'll give you the same advice to this thread as the one you started on Political Talk: As long as Obamacare is in effect, in its current state, self-employed people are going to be screwed. Investigate driving a public school bus part time. You'll get the full benefits that any other full-time employee gets.
Posted on 12/19/16 at 10:53 am to The Torch
quote:
Why not carry a high deductible plan like $10,000 for catastrophic events
The lowest level (highest deductible) plans here are still around $250 a month. Insane.
Posted on 12/19/16 at 10:59 am to Napoleon
The entire medical system jumped the shark years ago. Having insurance kept the out of pocket costs down for people with employer paid for insurance. It's now created a system where clinics and hospitals tack on all kinds of stuff because insurance will pay. This drives up insurance costs for everyone as they need a large pool of healthy people not using their coverage to cover expenses. When you include the skyrocketing cost of drugs, it's only worse.
This post was edited on 12/19/16 at 12:17 pm
Posted on 12/19/16 at 11:02 am to Nynna11
quote:
Check out Liberty Health Share
I second this. I got onto Medi-share which is basically the same thing. It's a much better option than going with nothing.
Posted on 12/19/16 at 11:04 am to Napoleon
If your situation is so dire, why don't you stop eating like shite, exercise, lose some weight, and start investing in your health? A year of this and you would be cured
Posted on 12/19/16 at 11:05 am to Napoleon
All insurance is a scam in my opinion. My goal is to be completely self insuranced within the next 7-10 years.
Medical insurance is covered by employer do luckily I don't have to pay it.
Medical insurance is covered by employer do luckily I don't have to pay it.
Posted on 12/19/16 at 11:08 am to Napoleon
They could create a catastrophic only coverage plan that is affordable but the thing is, they need your money to fund the massive beast to provide free coverage for those seeking medical treatment for headaches and IBS.
Posted on 12/19/16 at 11:10 am to Napoleon
quote:
So I was paying monthly and still had to come out of pocket for the doctor.
That's how everyone's health insurance works with high deductible.
Posted on 12/19/16 at 11:23 am to Napoleon
quote:
Any major health events over say $30,000 and I will just claim bankruptcy.
And who pays the bill in this case?
Posted on 12/19/16 at 11:31 am to Napoleon
quote:
My current plan is to go no insurance. pay out of pocket. Any major health events over say $30,000 and I will just claim bankruptcy.
Well don't do that.
A) You can often negotiate a payment plan that is significantly less than the "billed" amount and would likely be much better for your financial health long term, and
B) That is precisely the kind of thinking that has blown up the price of healthcare for the last 20+ years.
I agree with your assessment on Obamacare in general though. It makes things worse, but healthcare coverage on the whole is a major issue with or without Obamacare.
Posted on 12/19/16 at 11:33 am to Lester Earl
it's not dire. Never said it was. If it were, I would say I go to the doctor a lot more. I have been in check for a while. BP is good, it just gets high sometimes. I take pills for it though.
Posted on 12/19/16 at 11:33 am to CorkSoaker
quote:
All insurance is a scam in my opinion. My goal is to be completely self insuranced within the next 7-10 years.
Scam is a bit strong, but the costs are obviously higher than the true risks.
Self insurance is the way to go, but it isn't risk free either.
Posted on 12/19/16 at 11:35 am to LSUfan4444
I would say that post was more reactionary than reality.
In reality I would just make monthly payments and pull out of savings.
Just upset that I'm starting to realize I am going to start the year uninsured.
I would never ever want to go bankrupt, but damn man, this shite is so expensive.
In reality I would just make monthly payments and pull out of savings.
Just upset that I'm starting to realize I am going to start the year uninsured.
I would never ever want to go bankrupt, but damn man, this shite is so expensive.
Posted on 12/19/16 at 11:40 am to LSUfan4444
quote:
Any major health events over say $30,000 and I will just claim bankruptcy.
And who pays the bill in this case?
also, we just elected a man for president with multiple bankruptcies. We cannot look at people who do this as 'stupid liberals" and "cheats" and then applaud our president for being a smart businessman when he too has used the safety of bankruptcy to get out from debt.
No, I wouldn't do that. Yes I will probably suck it up and pay the $650 or $680 a month for the insurance. oh well. Mostly just upset and bitching, because being an arse here keeps me from being an arse IRL.
Posted on 12/19/16 at 11:42 am to Napoleon
I lose my health care in a few weeks on my birthday unless my job magically starts to give it to us. I just can't bring myself to financially cripple myself with health insurance payments that turn out to be my number one or two line Cost each month. I'd much rather save the few hundred bucks a month and pay cash for the once a year Doc visit for a flu shot.
Posted on 12/19/16 at 11:49 am to Napoleon
quote:
No, I wouldn't do that. Yes I will probably suck it up and pay the $650 or $680 a month for the insurance. oh well. Mostly just upset and bitching, because being an arse here keeps me from being an arse IRL.
Look at it this way, if you buy the cheapest policy and have a catastrophic injury, you are still on the hook for your yearly premium, the deductible, and the co-insurance until you total OOP is $10,500 or whatever stupid number the bronze plan uses. So that catastrophe, even with insurance, cost you about $18,000 in total.
If you are NOT insured, and have a catastrophe, that $18,000 could go a long way towards paying towards a hospital bill, or towards affording a monthly payment plan on your hospital bill. But that is the risk trade off.
You can afford many "catastrophes", and the subsequent hospital bill, for $18000, such as a broken leg in a car wreck. It's possible your catastrophe could cause you to have constant medical care afterwards. That's true. But they can't turn you down for that coverage anymore. So you can't get the hospitalization covered, but you can get your after care covered.
This post was edited on 12/19/16 at 11:51 am
Posted on 12/19/16 at 12:01 pm to MSMHater
My aunt, was telling me of a health savings program where you can put money in and you do not get taxed on it. But you have to have a catastrophic plan.
Your example is good. Like you said either way I would be on the hook for $18k.
My real concern to be honest is cancer. Everyone in my family has had it to some degree. My dad had colon, my mom had tumors removed from ovaries. My grandma had a double mastectomy, my grandpa has constant skin cancer issues. Great grand parents died of cancer. That is my fear, and cancer treatment can get to the millions.
18k wouldn't be a drop in the bucket if I get cancer.
What upsets me the most is I was one of the people who thought the ACA was a great idea.
But now I'm at a point where I already have most of my monthly money going to insurance and this would be an extra burden for sure.
I'm just shocked it's so high for so little.
Your example is good. Like you said either way I would be on the hook for $18k.
My real concern to be honest is cancer. Everyone in my family has had it to some degree. My dad had colon, my mom had tumors removed from ovaries. My grandma had a double mastectomy, my grandpa has constant skin cancer issues. Great grand parents died of cancer. That is my fear, and cancer treatment can get to the millions.
18k wouldn't be a drop in the bucket if I get cancer.
What upsets me the most is I was one of the people who thought the ACA was a great idea.
But now I'm at a point where I already have most of my monthly money going to insurance and this would be an extra burden for sure.
I'm just shocked it's so high for so little.
Posted on 12/19/16 at 12:08 pm to Napoleon
quote:
That is my fear, and cancer treatment can get to the millions.
But once you leave the hospital from your ER admission, that cancer is a pre-existing condition. One you can't be denied for anymore.
The costs that you should concern yourself with is the initial hospitalization. If that turns into an admission, triple bypass, and week long stay, then you're fricked. If the admission just turns into a diagnosis and release (most frequent), that's all you're paying for out of pocket. Then you go shopping for a (expensive) comprehensive policy.
This post was edited on 12/19/16 at 12:09 pm
Posted on 12/19/16 at 12:12 pm to Napoleon
Napoleon, would you mind giving some general parameters for your income and age? I find the healthcare exchanges and insurance in general to be pretty fascinating so I like to tinker with the different options and overall costs.
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