General > General info Somewhat hot tub related
Health Insurance
96SC:
--- Quote --- It is not uncommon for a single 25 year old to get personal medical insurance for about $1200 a month premiums.
--- End quote ---
Our 25 year old son has personnal medical insurance and it's about $100 per month. $1200????? Like spa searching...shop around.
Brewman:
You need to compare apples to apples.
A comprehensive health policy that has low deductibles and co-pays, and 100% coverage after deductibles are met, and has coverage for prescription medication, eye glasses, dental, etc...
will be much more expensive than say a major medical policy that has a high deductible and requires the insured to pay 20% of the bill AFTER the deductible and copay, and offers little or no benefits for anything other than a major event like surgery.
Nothing wrong with either policy, it's a simple matter of what level of financial risk you wish to address.
It's a lot more complicated than just tossing around monthly premium figures around.
Absolutely shop around.
imp etc:
Brewman,
Yes of course there are big differences, but I think you've made a couple of big assumptions. I didn't want to go into the nuts and bolts of my plan, just give a suggestion and a way for Brookenstein to get a quote for her particular situation. For instance, the plan I have does have a reasonable annual out of pocket maximum, after which everything is covered.
It does seem to me that a 25 year old in decent health should not have to make what amounts to a mortgage payment (in many markets) every month, on the Off Chance that they might get sick or have an accident.
Brewman:
I don't believe I was making any assumptions. Appologies if I came off that way.
What I was trying to say was that we need to look at what we're getting for our money. And decide if we can live with that level of coverage.
That doesn't even take into account the impact that underwriting as on the premiums.
Someone young and healthy can probably assumet the risk of a simpler policy- someone with a family (Like mine) could go to the poorhouse without a comprehensive policy that has a high level of coverage. Which can easily run into the many hundreds of dollars per month or more depending on all sorts of variables.
Like any insurance, it's all about risk. And being able to afford the premiums.
imp etc:
--- Quote --- . . . a major medical policy that has a high deductible and requires the insured to pay 20% of the bill AFTER the deductible and copay, and offers little or no benefits for anything other than a major event like surgery . . .
--- End quote ---
Sorry I must have been "in a mood" yesterday and read that as an assumption.
You're right, everybody's situation is different.
Insurance IMO is a betting game - you bet you'll get sick, and the insurer bets you won't. Unfortunately in many cases when they think they're about to lose, insurers can change the game or pull their chips off the table entirely. But that's a tangent for another day :)
No hard feelings and apologies back atcha.
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