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Would it be more cost effective to buy a catastrophic insurance policy and self-insure (pay cash) for routine services?
by nugget 9y ago
Would it be more cost effective to buy a catastrophic insurance policy and self-insure (pay cash) for routine services?
- singlepayer 9y agoProbably the option we'll explore when reviewing plans. Or go back to work for a company which provides coverage as part of the employment package.
- njarboe 9y agoUnder ACA medical plans deductibles are capped at "For 2017, your out-of-pocket maximum can be no more than $7,150 for an individual plan and $14,300 for a family plan before marketplace subsidies."[1] [1] https://obamacarefacts.com/health-insurance/out-of-pocket-maximum/ https://obamacarefacts.com/health-insurance/out-of-pocket-ma... Not sure if only plans in the ACA system must meet this requirement or that private companies cannot even offer say a $50,000 deductible plan with a $3 mil cap.