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Since you posted the myth that health insurance is better when you pay more, I highly recommend reading this article explaining why the lowest cost plan is like
by marketingPro 6y ago
Since you posted the myth that health insurance is better when you pay more, I highly recommend reading this article explaining why the lowest cost plan is likely the best during the most expensive medical situations https://efficiencyiseverything.com/engineering-conclusions-on-health-insurance/ https://efficiencyiseverything.com/engineering-conclusions-o...
Don't get me wrong, healthcare is the most corrupt industry in the United States (by lobbying dollars). But I give some blame to my peers for not even attempting to understand how insurance works.
- h1srf 6y ago> Make sure your hospital, clinics, doctors, accept your insurance I understand what they're saying but no one plans to get sick (pregnancies aside). Cheaper plans within the same insurance group is probably ok. Which hospital you can go to can be the difference between life and death, especially these days: https://www.nytimes.com/2020/07/01/nyregion/Coronavirus-hospitals.html https://www.nytimes.com/2020/07/01/nyregion/Coronavirus-hosp...
- thebean11 6y agoI came to this conclusion myself a few months ago, that getting the cheapest plan and hitting the max out of pocket every single year is the cheapest course of action if you buy your own insurance plan. Kind of figured there was a catch though, maybe not!
- toast0 6y agoYeah, as far as I could tell when shopping for exchange plans, they all mostly cover the same stuff, and once you pick the company and HMO/EPO/PPO the metal choice definitely doesn't change what's covered or the provider network. At that point, different metals might hit the out of pocket max sooner, but I just went for the one with the least total of premiums and out of pocket max, which was also the one with the least total of premiums, so I save money if I don't use it or if we hit the cap.
- marketingPro 6y agoOnly difference is who is in network.
- x87678r 6y agoYeah maybe its where the chronic conditions comes in. A normal healthy person can pay their way for regular stuff that comes along. You need the insurance for car accidents, cancer etc. Its the people with Chronic diseases that really need those gold plans.
- marketingPro 6y agoNo. Stop propagating that myth. Read the link provided that explains the terms and proves that low cost plans are the best for chronic conditions.