4 ms·
Yes, but you won't go bankrupt like so many people claim you will without health insurance. Why don't more people get this $80 plan?
by rick888 15y ago
Yes, but you won't go bankrupt like so many people claim you will without health insurance. Why don't more people get this $80 plan?
- rorrr 15y agoBecause you will go bankrupt if something serious happens while on this plan. Go see the details of his coverage, I bet it only covers basic things, and 50% of hospitalization drugs, and some crazy deductible. So if he gets cancer or heart disease (most common serious illnesses), he is fucked, and will be fucked every year, if he can still afford that insurance after the first year.
- rick888 15y ago"So if he gets cancer or heart disease (most common serious illnesses), he is fucked, and will be fucked every year, if he can still afford that insurance after the first year." I already looked. $3000 deductible, no lifetime limits, and it covers major surgery, doctor visits are $40. If you want prescription coverage, there are plans less than $200 (in the $190 range) that cover 80% of prescriptions. Cable costs this much. I'm not saying this guy should pay for this, but many people that claim they will go bankrupt can easily get a plan like this and not.
- deleted 15y ago[deleted]
- rorrr 15y agoI didn't see any plans like that. What's the exact name? If you're hospitalized, hist $40 doctor visit is every time doctor checks on him for 10 seconds. (That's true of any plan though.) If here were a magical $90 plan that covers everything (or almost everything), nobody would pay for $1000 ones.
- msbarnett 15y agoWell, the "no lifetime limits" is thanks to the legislative healthcare reforms that were driven by a need to reduce the number of medical bankruptcies, so obviously that's a good step towards making healthcare more affordable to people who previously would have been driven into bankruptcy. But a $3000 yearly deductible is still likely to be utterly unaffordable to a significant portion of the uninsured, and it would be surprising if they weren't subject to copays as well.
- phamilton 15y agoRead his post about HSA and how it plays into his retirement. Most high deductible plans have full coverage ( 100% ) when the deductible is reached. Worst case scenario it costs him $4000 ($3000 of which is pre tax) a year. Thats ~300/month. Best case he doesn't visit the doctor once and it cost him $1000 and he puts $3000 into his rainy day / retirement account. You need to have $3000 available day one of each year to do this, but it makes a lot more economic sense.
- msbarnett 15y agoI'm not talking about him, I'm talking about why these $85/month plans aren't the blanket answer to the question of solving medical bankruptcies among the uninsured.
- rorrr 15y agoBecause most people get denied. $85 is only for healthy and relatively young, no pre-existing conditions.
- fennecfoxen 15y agoNot surprised. This is insurance. You don't get car insurance after you've gotten in a wreck, and you should expect to pay more for it if you're more likely to get in a wreck (e.g. lots of speeding tickets, etc).
- dragons 15y agoWhat you describe sounds reasonable to me. Is there coinsurance on this plan? High deductibles don't bother me. But coinsurance, where you have to pay 20% or 30% of costs, scares me. If you get seriously ill or are hit by a bus or something, the cost to you could be huge, way more than the typical deductible.
- erejacob 15y ago0% coinsurance on mine. Go to www.ehealthinsurance.com and see what pops up (that's what I've used ... they may not include your state very well, but for CA, it finds 20 HSA eligible plans for me, 12 of which don't have coinsurance.)
- rdouble 15y agoA lot of people do get that plan. And a lot of people get denied that plan.
- joezydeco 15y agoSome people get married and start families. There's no way this plan costs $80 for anyone other than an under-40 single healthy nonsmoker. Add kids and a pregnant wife and see where it goes.