4 ms·

How much exactly does health insurance cost now in the US? In Germany, I have to pay 65 Euros (87 Dollars) for health insurance as a university student if I ea

by VMG 15y ago

How much exactly does health insurance cost now in the US? In Germany, I have to pay 65 Euros (87 Dollars) for health insurance as a university student if I earn more than ~400 Euros a month. It's not free here either, it's just mandatory.

DougWebb 15y ago
I pay $370/month to cover my wife and I, and that's on a company-subsidized plan. The actual cost is at least twice that much on a group plan. If you try to buy insurance as an individual, the cost is even higher. And my plan requires me to spend $10-$75 for prescription medicine, and doesn't cover more than basic care from eye doctors or dentists.
travisp 15y ago
I am 27, so my case might not apply to older people. However, for me in the US, I pay approximately $85/month for a high deductible plan as an individual. I am stuck with the first $5,000/year of medical expenses, of which in most years I only spend around $100-$200 for a checkup and labs, but I am covered 100% after that. However, I can put $3,100/year into a HSA account. I immediately get to deduct the amount I put in from my taxes (which for someone with an income just about pays for the insurance), and I can grow it in the HSA and not pay any taxes on withdrawal if I use it for medical expenses (works kind of like a super IRA).
- Jacquass12321 15y ago
  Is your employer covering part of the cost? My insurance for just myself is 70-80 a month, while my employer covers another 250 a month. If I had a full family plan it would be 250 a month for me and 750 for the company. This is for a relatively standard 2000(individual)/4000(family) high deductible plan. I wouldn't think our different deductibles would save you that much money, but perhaps.
  - travisp 15y ago
    No, I don't have an employer covering my cost. The full cost for my $5000 high deductible individual plan is $85/month. Perhaps the difference is that my plan was purchased in Illinois (Blue Cross Blue Shield of Illinois). I know state mandates can significantly change the cost of insurance.
cdmoyer 15y ago
I pay about $1500/month for a family of four. Admittedly this is an HMO group plan in NY as opposed to a high deductible plan since we have some pre-existing conditions that preclude a non-group plan. Yeah, not cheap.

by VMG 15y ago

DougWebb 15y ago

I pay $370/month to cover my wife and I, and that's on a company-subsidized plan. The actual cost is at least twice that much on a group plan. If you try to buy insurance as an individual, the cost is even higher. And my plan requires me to spend $10-$75 for prescription medicine, and doesn't cover more than basic care from eye doctors or dentists.

travisp 15y ago

I am 27, so my case might not apply to older people. However, for me in the US, I pay approximately $85/month for a high deductible plan as an individual. I am stuck with the first $5,000/year of medical expenses, of which in most years I only spend around $100-$200 for a checkup and labs, but I am covered 100% after that. However, I can put $3,100/year into a HSA account. I immediately get to deduct the amount I put in from my taxes (which for someone with an income just about pays for the insurance), and I can grow it in the HSA and not pay any taxes on withdrawal if I use it for medical expenses (works kind of like a super IRA).

Jacquass12321 15y ago
Is your employer covering part of the cost? My insurance for just myself is 70-80 a month, while my employer covers another 250 a month. If I had a full family plan it would be 250 a month for me and 750 for the company. This is for a relatively standard 2000(individual)/4000(family) high deductible plan. I wouldn't think our different deductibles would save you that much money, but perhaps.
- travisp 15y ago
  No, I don't have an employer covering my cost. The full cost for my $5000 high deductible individual plan is $85/month. Perhaps the difference is that my plan was purchased in Illinois (Blue Cross Blue Shield of Illinois). I know state mandates can significantly change the cost of insurance.

cdmoyer 15y ago

I pay about $1500/month for a family of four. Admittedly this is an HMO group plan in NY as opposed to a high deductible plan since we have some pre-existing conditions that preclude a non-group plan. Yeah, not cheap.