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That's my point. NOTHING is covered on this plan. It makes no financial sense I think. Even generic drugs aren't covered. Before deductible that is.
I agree. Supporters of the ACA like to point to medical bankruptcies as a reason for having it and yet, many would be forced into bankruptcy simply by having to pay the premiums and deductibles in a couple consecutive years. How does that help anyone?
I have attached a snip of the lowest cost bronze plan. Tell me where office visits are covered before deductible?
Well, the plan I saw was $164/month so you aren't looking at the same plan I am....I used your zip code and Humana...which is what you said you were looking into. That quote looks nothing like the page from the Humana website..
I agree. Supporters of the ACA like to point to medical bankruptcies as a reason for having it and yet, many would be forced into bankruptcy simply by having to pay the premiums and deductibles in a couple consecutive years. How does that help anyone?
There are high deductible plans that are tax qualified and you pay everything out of pocket before a deductible. These plans have been around for over 15 years. They are not new. THe benefit of these plans is that you have a health savings account and contributions to that account up to the fed limit are deductible on your taxes. They are also good plans for those that want low premiums, are healthy and want to take the chance that nothing is going to happen to them. This is ONE type of plan...
There are high deductible plans that are tax qualified and you pay everything out of pocket before a deductible. These plans have been around for over 15 years. They are not new. THe benefit of these plans is that you have a health savings account and contributions to that account up to the fed limit are deductible on your taxes. They are also good plans for those that want low premiums, are healthy and want to take the chance that nothing is going to happen to them. This is ONE type of plan...
The plan she posted was NOT an HSA, but an HMO.
I'm aware that HSAs have been around for years. They're nothing new and for some people (those with savings to pay the high deductibles or those who like to gamble) they are a valid choice. For the average person who has little financial wiggle room, they are not a good choice.
Well, the plan I saw was $164/month so you aren't looking at the same plan I am....I used your zip code and Humana...which is what you said you were looking into. That quote looks nothing like the page from the Humana website..
I see what the problem is. The plan you are referring to is a catastrophic plan for those 30 and under. Since my GF and I are both 31, those don't apply. The catastrophic plan does cover 3 office visits, I see that. The cheapest premium plan that we would be eligible for is the one that I posted about and is $202 a month with NOTHING covered before deductible is paid.
I see what the problem is. The plan you are referring to is a catastrophic plan for those 30 and under. Since my GF and I are both 31, those don't apply. The catastrophic plan does cover 3 office visits, I see that. The cheapest premium plan that we would be eligible for is the one that I posted about and is $202 a month with NOTHING covered before deductible is paid.
Free preventative care is all well and good for the long view but younger people are going to be more concerned with needing medical care for breaking an ankle or tendonitis, a sinus infection, a kidney/bladder infection, carpal tunnel, etc, etc, etc.
There are high deductible plans that are tax qualified and you pay everything out of pocket before a deductible. These plans have been around for over 15 years. They are not new. THe benefit of these plans is that you have a health savings account and contributions to that account up to the fed limit are deductible on your taxes.
This benefit cannot be over-stated. My spouse's employer-sponsored health insurance has a similar option, which folks who don't understand the power of HSAs will probably also try to claim "make no financial sense" when in reality the ability to save money for retirement tax-deferred, which you'll be able to withdraw (i.e., use for health-related expenses that you'll surely need at that age) tax-free, makes lots of financial sense.
I disagree. I need my car to get to work. My boss is not going to care if I don't have a ride or if my car breaks constantly and I'm late or calling out. A reliable car is a valid priority. Now, I don't need a Lexus to get to work, so I drive a cheap Korean car.
Misplaced priorities would be upgrading to the newest iphone every 5 minutes and then complaining that you don't have money for your insurance premium.
You can skip the iphone, but most of us can't skip the car.
This whole discussion may be helpful to people that really are going to be strapped by these high deductibles so is worthwhile to have on here.
But for some, like you and, I suspect ,many, many others, it is a matter of priorities.
Few people want to buy the important but boring basics.
Your mention of starting a family while complaining about a couple of hundred bucks for medical insurance caused me to wonder why you would take on the huge expense of bringing a child into the equation.
Since this is in the personal finance forum, where you posted your budget, please don't make excuses that buying health insurance or covering the deductible is outside your budget capabilities when it is more of a priority issue.
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