4 ms·
So you get five year worth of money for lifetime impairment? Sounds fair.
by LoSboccacc 11y ago
So you get five year worth of money for lifetime impairment? Sounds fair.
- refurb 11y agoI guess that's what disability insurance is for? You also get a pretty good safety net in Canada in terms of health insurance coverage and disability payments.
- iends 11y agoLong term disability insurance is crazy expensive in the USA. My wife got multiple quotes around $15,000 a year for a perfectly healthy 28 year old woman. It excluded back issues because she went to a chiropractor a few times. This was for like 60% income replacement too.
- twoodfin 11y agoI would guess that there's a serious adverse selection problem in personal disability insurance.
- nommm-nommm 11y agoThe strange thing is long term disability insurance for a group plan is really cheap. My work provides it as an option and I only pay $300/year or so for the premiums, work doesn't pay any percent of the premiums.
- chris_va 11y agoAdverse selection is a huge problem in insurance. And disability fraud is especially bad (like billions of dollars in CA every year). As a result, insurance companies don't want to play in that space, since their average margin is only like 6% anyway. States backstop the insurance companies, to make sure they continue to offer the product.
- rplst8 11y agoIn many cases if it weren't for the medical sciences, we'd already be dead or die from the ailment a physician or surgeon were trying to fix. I think people lose sight of that. If you have any doubt about making it through some event, buy your own insurance. If you can't find someone to insure you, it's likely it's too risky a behavior and you should question your acceptance of it as a solution to your problem.
- Frondo 11y agoI would rather society as a whole take on responsibility for caring for the permanently disabled, than try and place that entirely on the individual who disabled them (or on an insurance company that'll just fight it all the way).
- ChrisBland 11y agoWe do take care of them, there is the SS Disability, the only problem is it is never enough $ to live the lifestyle they had prior
- cmc31 11y agoIt is never enough money to live (full stop)
- jtuente 11y ago"I would rather society as a whole pay for thing I want". - Every socialist Society isn't an entity that can be assigned responsibility; it's simply the existence of communication, cooperation and trade between individuals.
- deleted 11y ago[deleted]
- aianus 11y agoThe alternative in most parts of the US seems to be you don't get the surgery at all, because you can't afford the jacked up costs (of which some sizable portion goes towards expensive malpractice insurance).