$2500, $5000, $10,000 and $12,000 deductibles?? (salary, health care, premium, insurance)
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The higher the deductibles, the less premium.
But let's review what this is doing.
To keep monthly budgets inline with income, many middle class are opting to a higher deductible.
Our plan went from an already high of $5000 deductible and it was like not having insurance, to now a $10,000 deductible, that I would never be able to meet, if I had an hourly or salary job. How could you meet your monthly budget when you just make it month to month. There goes a car payment... Savings for the kids college, gone. Winter heating bill? May need to make your own fireplace! and get a saw and axe.
This bill was not about our healthcare. Not one bit about healthcare. Healthcare.gov is very misleading. It should be Insurance.org.
This is nothing but to make insurance companies money, not to lower any cost or better more efficient healthcare. It has noting to do with healthcare, when you pay a high premium, and still have to pay for all the doctor bills.
The rich can afford higher deductibles, but the middle class cannot, so they are out of pocket more putting them further toward the impoverished. 2 class society is the goal.
New benefits and protections have led to higher deductibles. The bastard ACA has some great protections but it comes at a cost. There is now a cap on deductibles ($12,500 per family/year) - but that's still about 25% of the median family income. In the 'appendicitis' post someone was claiming that a $11,000 deductible/co-pay for an appendectomy was very reasonable.
I never got the whole deductible thing. Health insurance is such a scam. It's just not worth having anymore. Why should you have to pay a premium each month and an extra $5,000 a year before the insurance covers anything? Doesn't seem fair. I think it would be best if they got rid of deductibles altogether and just had everyone pay premiums each month and covered 80 to 90 percent of healthcare costs.
I just paid my wifes new premium for 2014. Same policy went up about 30% and thats because we are outside the 400% FPL.
People can complain all they want about how everyone is paying more for the ACA but most arent. People who are paying more are the people who had already high policies bought on the open market. Thats a small percentage of the people who are insured and its a smaller number who are now paying more because they are outside the FPL. The funny thing is I am almost on a cadillac plan with no deductible and very small copays through my employer for just a little more money. Their is no way the ACA is going to run out of money as many predict. The insurance companies kind of remind me of some of the investment scams where they promise a return on all the profits,except they never make a profit. In this case the insurance companies are supposed to spend 85% of the money on health care. The way they cook the books and are allowed to set aside money most people wont get a return. Now my insurer has set aside more than a billion dollars. The coming year should be interesting though.
I never got the whole deductible thing. Health insurance is such a scam. It's just not worth having anymore. Why should you have to pay a premium each month and an extra $5,000 a year before the insurance covers anything? Doesn't seem fair. I think it would be best if they got rid of deductibles altogether and just had everyone pay premiums each month and covered 80 to 90 percent of healthcare costs.
To get the insurance company "negotiated rate" you have to have an insurance policy else you will be billed 100% for the service. To pay a high deductible, you can use a credit card and pay it off over time. Insurance is for catestrophic events, not day-to-day treatment.
I never got the whole deductible thing. Health insurance is such a scam. It's just not worth having anymore. Why should you have to pay a premium each month and an extra $5,000 a year before the insurance covers anything? Doesn't seem fair. I think it would be best if they got rid of deductibles altogether and just had everyone pay premiums each month and covered 80 to 90 percent of healthcare costs.
because INSURANCE has never been about your health
meanwhile many people don't want or need insurance
To get the insurance company "negotiated rate" you have to have an insurance policy else you will be billed 100% for the service. To pay a high deductible, you can use a credit card and pay it off over time. Insurance is for catestrophic events, not day-to-day treatment.
I agree thats what we have done over the past several years. Very little has actually been paid by the insurance company. The private providers though have billed us for the "full bill" and we have had to check back with the insurance on the billable amount.
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