5 ms·

I'm not American so I'm wondering, how does he pay for this treatment? Does it come from insurance that he gets as an individual, or would his business pay for

I'm not American so I'm wondering, how does he pay for this treatment? Does it come from insurance that he gets as an individual, or would his business pay for it all? Curious how things like this would affect a startup.

rst 16y ago
Well, I have no knowledge of Andrew's personal situation, and I probably wouldn't talk about it if I did. But for people in Andrew's general situation, here's how it goes. They might have insurance --- which is often obtained through the employer, but doesn't have to be. (And which might pay for only certain procedures, or only for doctors and hospitals who have a prior arrangement with the insurance company; also, many policies will pay most of the bill, but not all of it.) Insurance obtained through employers is often a better deal, since the employer is insuring a group. However, there's nothing yet requiring them to have insurance. (The Obama administration's reform bill will require it, but that provision is not yet in effect, and is already being subjected to court challenges.) If they don't, they're personally on the hook. And losing access to employer-sponsored healthcare plans is indeed a disincentive to people who might otherwise want to strike out on their own.
- dugmartin 16y ago
  It's required here in Massachusetts - you have to send in proof of insurance with your state taxes or you get fined.
melito 16y ago
I don't believe he's in the states
- hartror 16y ago
  He is back from Argentina. Believe he is in Washington state or North CA from memory. Edit: MichaelApproved below said Washington DC, which is probably actually right, all I remember was Washington being mentioned in an interview and assumed he is on the west coast.
- MichaelApproved 16y ago
  He was living in Argentina and moved back to the states a few months ago. He's in Washington D.C. now.
noahc 16y ago
I would expect he has insurance of some sort. In America, that is typically tied to employment, however, he probably has individual insurance. Depending on how his business is structured would depend on who pays for it. Who pays for it in this situation is probably a function of getting the best tax deal out of it. Now, he might have straight health insurance. In which case he pays x%. His insurance company may or may not have a deal with the hospital to negotiate a lower rate. In either case Andrew would pay x% of the finial cost up to a certain cost. There may also be a copay he would be responsible for. If he has an HSA, then he pays everything unto a certain amount typically $3500 - $5,000 and he can put tax advantaged money into what's called an HSA account. HSA's make sense for young people, 'regular' insurance makes sense for older people or people with lots of health problems. EDIT: Interesting Side Note... In America, it is typical to get "This is not a bill" bills. Basically, it is a statement from the hospital that outlines all the expenses, but it states, "This is not a bill" on it. You will then get the real bill from the insurance company, which is typically a lot less. For example, a family friend spent 3 or 4 days in the hospital before she passed away and racked up ~$300,000 in medical expenses. The family ended up paying about $2500 for the medical expenses.
- gommm 16y ago
  So there aren't any insurance with 100% coverage? He would always have to pay some percent of the final costs? I'm a french expat living in China and I get 100% coverage (up to 3 million dollars) everywhere in the world except the US and canada for 3250$/year. To also have coverage in the US, it would cost me almost double price... As a side note, when I was researching insurances for expats, I found that American insurances like Allianz had a lot more exclusions than European ones...
  - noahc 16y ago
    I am sure there are 100% coverage plans, but I would expect them to be very expensive. Many health insurance plans basically say, the most you will pay in one calendar year is $x,xxx. Since it's so early in the year and assuming his year starts on Jan 1st, I would expect that he will have some expense for the doctors visit. A personal example,I pay the first $3500 dollars of medical expenses and most things after that are covered. I pay about $2500 a year for high deductible insurance. So the most my out of pocket expenses for the year would be ~$6000. Because I'm a part of an insurance plan they've pre-negotiated rates with hospitals for me. My full medical expenses for the year tend to be around $3000 ($2500 insurance payments + $500 medical expenses).

rst 16y ago

Well, I have no knowledge of Andrew's personal situation, and I probably wouldn't talk about it if I did. But for people in Andrew's general situation, here's how it goes. They might have insurance --- which is often obtained through the employer, but doesn't have to be. (And which might pay for only certain procedures, or only for doctors and hospitals who have a prior arrangement with the insurance company; also, many policies will pay most of the bill, but not all of it.) Insurance obtained through employers is often a better deal, since the employer is insuring a group. However, there's nothing yet requiring them to have insurance. (The Obama administration's reform bill will require it, but that provision is not yet in effect, and is already being subjected to court challenges.) If they don't, they're personally on the hook. And losing access to employer-sponsored healthcare plans is indeed a disincentive to people who might otherwise want to strike out on their own.

dugmartin 16y ago
It's required here in Massachusetts - you have to send in proof of insurance with your state taxes or you get fined.

melito 16y ago

I don't believe he's in the states

hartror 16y ago
He is back from Argentina. Believe he is in Washington state or North CA from memory. Edit: MichaelApproved below said Washington DC, which is probably actually right, all I remember was Washington being mentioned in an interview and assumed he is on the west coast.
MichaelApproved 16y ago
He was living in Argentina and moved back to the states a few months ago. He's in Washington D.C. now.

noahc 16y ago

I would expect he has insurance of some sort. In America, that is typically tied to employment, however, he probably has individual insurance. Depending on how his business is structured would depend on who pays for it. Who pays for it in this situation is probably a function of getting the best tax deal out of it. Now, he might have straight health insurance. In which case he pays x%. His insurance company may or may not have a deal with the hospital to negotiate a lower rate. In either case Andrew would pay x% of the finial cost up to a certain cost. There may also be a copay he would be responsible for. If he has an HSA, then he pays everything unto a certain amount typically $3500 - $5,000 and he can put tax advantaged money into what's called an HSA account. HSA's make sense for young people, 'regular' insurance makes sense for older people or people with lots of health problems. EDIT: Interesting Side Note... In America, it is typical to get "This is not a bill" bills. Basically, it is a statement from the hospital that outlines all the expenses, but it states, "This is not a bill" on it. You will then get the real bill from the insurance company, which is typically a lot less. For example, a family friend spent 3 or 4 days in the hospital before she passed away and racked up ~$300,000 in medical expenses. The family ended up paying about $2500 for the medical expenses.

gommm 16y ago
So there aren't any insurance with 100% coverage? He would always have to pay some percent of the final costs? I'm a french expat living in China and I get 100% coverage (up to 3 million dollars) everywhere in the world except the US and canada for 3250$/year. To also have coverage in the US, it would cost me almost double price... As a side note, when I was researching insurances for expats, I found that American insurances like Allianz had a lot more exclusions than European ones...
- noahc 16y ago
  I am sure there are 100% coverage plans, but I would expect them to be very expensive. Many health insurance plans basically say, the most you will pay in one calendar year is $x,xxx. Since it's so early in the year and assuming his year starts on Jan 1st, I would expect that he will have some expense for the doctors visit. A personal example,I pay the first $3500 dollars of medical expenses and most things after that are covered. I pay about $2500 a year for high deductible insurance. So the most my out of pocket expenses for the year would be ~$6000. Because I'm a part of an insurance plan they've pre-negotiated rates with hospitals for me. My full medical expenses for the year tend to be around $3000 ($2500 insurance payments + $500 medical expenses).