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Out of curiosity were those the billed costs or the amount paid by the insurer?
by iandanforth 8y ago
Out of curiosity were those the billed costs or the amount paid by the insurer?
- ceejayoz 8y agoInsurer knocked down about 2/3 of that, leaving about $600k for two kids. I doubt there's any insurance company offering coverage at the $686.82/year rate cited in the article, so it seems likely they're just pooling money and paying costs out-of-pocket, which'll probably mean they're paying full rate. (There are a few religious organizations doing this formally - https://www.pbs.org/newshour/health/1-million-americans-pool-money-in-religious-ministries-to-pay-for-health-care https://www.pbs.org/newshour/health/1-million-americans-pool...)
- rejoice 8y agoEast Wind pays $180/year per person into a fund held by communities that is much like the funds cited in that article, although relatively small. It's not insurance. It's a catastrophic health savings plan. It will pay (for people fully invested 2 years in the program) their costs beyond the first $5,000 for an illness or injury.