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Obamacare/ACA changes this a bit. Your premiums usually won't exceed 10% of your income so you just have to have enough saved for your out of pocket max. That
by zrail 9y ago
Obamacare/ACA changes this a bit. Your premiums usually won't exceed 10% of your income so you just have to have enough saved for your out of pocket max.
That said I would strongly recommend everyone who goes independent look into long term disability insurance while they're healthy. Freelancers Union has a decent group policy available to anyone for pretty good rates.
- patryn20 9y agoPlease understand what "out of pocket maximum" actually means. It only applies to "covered" procedures. If that experimental surgery isn't covered your OOP maximum doesn't apply. Also please understand that insurance companies like to consider thirty year old tests/procedures/treatments as experimental/unproven and will consistently use that as an excuse to deny coverage and not apply them to your OOP maximum. Hope you can afford an attorney if that happens. Will this likely happen to you? Not at all. Can it happen to you? Absolutely.
- ceejayoz 9y agoAll of these things apply to group insurance, as well. Pre-ACA many plans didn't have an out-of-pocket maximum even for covered stuff, and most had lifetime limits on coverage as well.
- patryn20 9y agoI strongly second the long term disability insurance. Once you need it the opportunity to reasonably purchase it has passed.